PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: Japan's securities regulator is reportedly probing Toshiba's accounting and reporting practices

JAPAN

Honda (7267 JT)
- Co. plans to sell motorized scooters that run on detachable batteries in Southeast Asia and that will be able to power home lighting and appliances as soon as 2019. (Nikkei)

Mitsubishi Motors (7211 JT)
- Co. is targeting 50% growth in ASEAN autosales over the next 3 years. (Nikkei)

Nikon Corp (7731 JT)
- Co. may report a decline of 30% Y/Y for H1 vs. forecast of a 37% Y/Y decline. (Newswires)

Nippon Chemi-Con (6997 JT)
- DoJ stated the Co. has been indicted from price fixing. (Newswires)

Nissan (7201 JT)
- Co. and Porsche will recall vehicles sold in South Korea to replace defective components in the fuel filter caps and air bags. (Yonhap)

Panasonic (6752 JT)
- Panasonic is altering its production process for LCD TVs and is installing more of the backlights to the LCD panels internally to lower costs. (Nikkei)

Shin-Etsu (4063 JT)
- Co. is planning to invest in cellulose derivative production. (Newswires)

Shiseido (4911 JT)
- Co. plans JPY 30bln-40bln investment for new factory in Ohtawara City in Japan. (Newswires)

Toshiba (6502 JT)
- Japan's securities regulator is reportedly probing Co. accounting and reporting practices. (Newswires)
- Bain may temporarily acquire stake in Co. parent if it is unable to close the deal for its chip business by end-March. (Newswires)

Toyota (7203 JT)
- Co. is recalling around 350,000 Sienna minivans due to roll away defect. (Newswires)

 

SOUTH KOREA

Hyundai Mobis (012330 KS)
- Co. created an air bag system for the sun roof which is the first of its kind for the auto industry. (Yonhap)

Kia Motors (000270 KS)
- Co. signed a multi-year marketing partnership deal with the NBA. (Yonhap)

POSCO (005490 KS)
- World Steel Organization named POSCO's CEO Kwon as its vice chairman. (Yonhap)

Retailers
- A South Korean airport operator lowered the rent for a duty-free store at Jeju resort island airport amid a sharp decline in Chinese tourists following a diplomatic spat related to THAAD deployment. (Yonhap)

19 Oct 2017 - 00:23- Research Sheet- Source: Newswires

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