News Headline Summary

Pre-market Japanese stock news...

Fast Retailing:
- Raised its FY forecast for operating profit by 2.8% to JPY 147.5bln vs Exp. JPY 142.5bln.

- Co. is to cut product lineup 20% by FY15.

- Co. is to move facilities to its TV assembly plant in China's Shandong province. Co. is to liquidate its Shanghai plant by March.

- Co. is to unveil all new Lexus IS model at the Detroit auto show.

Japan Excellent:
- Plans to raise as much as JPY 16.5bln from public share sale and raises operating profit and sales forecasts.

- Raised to buy at Bank of America.

- Maintained at a buy rating at Bank of America and added to their Japanese focus 1 list.

10 Jan 2013 - 23:33 - Equities - Source: Nikan Kogyo/Nikkei

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