News Headline Summary

Pre-market Japanese stock news...

Softbank (9984 JT)
- Co. says Sprint deal will drag on earnings in the coming fiscal year before contributing to record profits two years down the line. (Nikkei)
- Co. chief backs lowering power electricity price. (Kyodo)
- 9 month operating profit rises 13% to JPY 600.1bln

MS&AD
- Co. plans to save up to JPY 50bln in costs by FY 2015 through the reorganization involving two core units. (Nikkei)

Honda (7267 JT)
- Board formalizes to pull out of London bourse. (Kyodo)
- Co. Unions won’t seek a pay increase, which also applies to Mazda. (Newswires)

Kobe Steel (5406 JT)
- Co. to skip dividend. (Newswires)

Sony (6758 JT)
- Co. to end shipments of minidisk players. (Nikkei)

Sharp (6753 JT)
- Operating profit of JPY 2-3bln for 3 months through Dec. (Newswires)
- Co. says they are not the source of the reports. (Newswires)

Print 23:40, 31 Jan 2013 - Asian News - Source: Newswires/Nikkei/Kyodo