News Headline Summary

Pre-market Japanese stocks news...

KDDI (9433 JT)
- Co. raises group operating profit and revenue projection for 2012. (Kyodo)

Softbank (9984 JT)
- Clearwire shares rise as investors bet Softbank target Sprint will raise offer. (Newswires)

Mitsubishi Electric Corp. (6503 JT)
- has developed a new control system for fossil-fuel power plants that features improved reliability and operability, including what the company claims is the world's first system that never needs to be rebooted. (Nikkei)

Sumitomo Mitsui Financial (8316 JT)
- FY net income may pass FY 2005 record. (Nikkei)

Nissan (7201 JT)
- Co. along with Daimler AG and Ford Motor Co. have agreed to jointly develop a common fuel cell electric vehicle system in a bid to develop the world's first affordable, mass-market fuel cell electric vehicle as early as 2017. (Nikkei)

NEC (6701 JT)
- Co. is to build a submarine cable system across Taiwan Strait. (Kyodo)

Mitsui Fudosan (8801 JT)
- Co. will open four large commercial facilities, including malls, in suburbs of Tokyo, Osaka and Saitama prefectures in 2014 and 2015. (Nikkei)

- 9 month operating profit falls 9% to about JPY 675bln, after promotional spending. (Nikkei)

Construction companies
- Domestic investment in construction is projected to grow 7.7% in FY 2013 to JPY 47.33trl. (Nikkei)

Broker moves
- Sony (6758 JT) raised to buy at Citigroup, PT JPY 1,600.
- Shin-Etsu Chemical (4063 JT) raised to buy at Jefferies. Co. scheduled to report earnings.

28 Jan 2013 - 23:43 - Equities - Source: Newswires

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