News Headline Summary

Pre-market Japanese stock news...

Sharp (6753 JT)
- Co. is to get JPY2bln-3bln investment from Denso. (Nikkei)

Kansai Electric Power Co. (9503 JT)
- Co. suspended one of two units at a core coal-fired power station in Kyoto Prefecture on Monday after an electric dust collector became clogged with ashes, sparking concerns of a possible power shortage amid a heat wave. (Nikkei)

Olympus Corp (7733 JT)
R&I raised the Co.’s issuer rating from BBB-minus to BBB-plus, putting the firm just two steps below the A rating it enjoyed before the investment loss cover-up scandal. (Nikkei)

Panasonic Corp. (6752 JT)
- Co. will soon begin a field test in Yokohama aimed at efficiently managing power consumption in single-family homes. (Nikkei)

Nippon Paper Industries Co. (3863 JT)
- Co. will begin retail sales of electricity to companies and municipalities in fiscal 2014, making a full entry into the power business. (Nikkei)

KDDI Corp. (9433 JT)
- Co. will encourage businesses to replace their fixed-line phone systems with smartphones, offering a service to create low-cost communications networks. (Nikkei)

Kawasaki Heavy Industries Ltd. (7012 JT)
- Co. will build a new factory to produce fuselages for Boeing Co.'s 787 Dreamliner. (Nikkei)

Toyota (7203 JT)
- Co.’s CEO was order by a court to testify in the sudden acceleration trial. (Newswires)

Home builders, Daiwa House (1925 JT), Sekisui House 1928 JT)
- Credit Suisse cuts Japan housing sector to market weight. (Newswires)

Broker moves / ratings
- Asahi Glass (5201 JT) outlook cut to negative by Moody’s.
- Kansai Electric (9503 JT) raised to outperform at Mitsubishi UFJ Morgan Stanley.

20 Aug 2013 - 00:38 - - Source: Newswires/Nikkei

Subscribe Now to RANsquawk

Click here for a 1 week free trial

RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: