News Headline Summary

Pre-market Japanese stocks news...

Itochu (8001 JT)
- To report 8% drop in 9-month net income to around JPY 200bln, maintain JPY 280bln FY forecast. (Newswires)
- Itochu said that they are not the source of the reports. (Newswires)

Kirin (2503 JT)
- Thai billionaire tops bid by OUE and Kirin for Fraser & Neave. Note: shares dropped 2.2% on Nov. 16 after the initial bid. (Newswires)
- May sell F&N stake to Thai Beverage. (Kyodo)

Mitsubishi (8058 JT)
- Takes 50% stake in Netherlands wind park. Investment reported to be JPY 10bln. (Nikkei)

Sony (6758 JT)
- Co. starts shipments of image sensors for smartphones. (Nikkei)

Solar power producers
- Government plans to cut price paid for solar power. (Jiji)

Construction companies
- Japan plans to increase spending for reconstruction from 2011 earthquake. The planned reconstruction budget is JPY 3trl. (Nikkei)

21 Jan 2013 - 17:33 - - Source: Newswires / Nikkei / Kyodo

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