News Headline Summary

PRE-MARKET JAPANESE STOCK NEWS: Sony to book a JPY 4.8bln 1H gain from sale of Square Enix stake, Canon earning beat

Canon (7751 JT)
- Co.’s 1Q operating profit is about JPY 80bln vs. Exp. JPY 68bln. (BBG)

Sony (6758 JT)
- Co.’s Playstation 4 surpass 7.0mln units worldwide. (BBG)
- Co. to book a JPY 4.8bln 1H gain from sale of Square Enix (9684 JP) stake to SMBC Nikko. (BBG)

Tepco (9501 JT)
- Japan’s nuclear watchdog says Fukushima ice wall may leak. (Sankei)
- S&P raises outlook to stable; affirms B+ debt rating. (BBG)

Hitachi (6501 JT)
- Co. gets GBP 2bln syndicated loan for U.K. train contract. (BBG)

Panasonic (6752 JT)
- Co. recalls 181,585 electric carpets made from 2002 to 2008 on overheating risk. (BBG)

JX Holdings (5020 JT)
- Co. are to enter Japan power retail and to consider buying shale. (BBG)

Sumitomo Chemical (4005 JT)
- Co.’s FY current profit is about JPY 108bln vs. Exp. JPY 104bln. (BBG)

Nissan (7201 JT)
- Co. expects fiscal 2014 Japan sales to fall 4%. (BBG)

Nippon Steel (5401 JT)
- Co. are to start production of world’s longest rail. (Asahi)

Honda (7267 JT): Mitsubishi UFJ Morgan Stanley cuts to neutral, PT 3,800 per share
Toshiba (6502 JP): Least preferred stock in UBS report on DRAM saying 1H memory prices resilient; rated neutral

17 Apr 2014 - 00:19 - Equities - Source: BBG

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