PRE-MARKET JAPANESE AND SOUTH KOREAN STOCK NEWS: Corporate earnings in focus

JAPAN

Canon (7751 JT)
– Co. FY17/18 net JPY 241.9bln vs. Prev. JPY 150.7bln Y/Y. (Newswires)

Central Japan Railway (9022 JT)
– Co. 9-month net JPY 339.8bln vs. Prev.331.1bln Y/Y. (Newswires)

Daiwa Securities (8601 JT)
– Co. 9-month net JPY 83.6bln vs. Prev. JPY 81.7bln Y/Y. (Newswires)

Isuzu (7202 JT)
– Co. may report 9-month oper. profit rose 11% Y/Y to JPY 122bln. (Nikkei)

Itochu (8001 JT)
– Co. may report 9-month net rose 20% Y/Y. (Nikkei)

Japan Post Holdings (6178 JT)
– Co. confirms banking and insurance units are to establish a private equity fund management firm which will invest up to JPY 120bln. (Newswires)

Mitsui & Co. (8031 JT)
– Co. may report its 9-month net rose 56% Y/Y. (Nikkei)

Murata (6981 JT)
– Co. 9-month net JPY 120.5bln vs. Prev. JPY 126.9bln Y/Y. (Newswires)

NEC Corp (6701 JT)
– Co. is planning to cut 3000 jobs to lower its wage bill by JPY 30bln. (Nikkei)

Nomura Research (4307 JT)
– Co. 9-month net JPY 45.3bln vs. Prev. JPY 40.3bln Y/Y. (Newswires)

Oriental Land (4661 JT)
– Co. 9-month JPY 69.5bln vs. Prev. JPY 65.3bln Y/Y. (Newswires)

Sankyo (6417 JT)
– Co. lowers its FY18 guidance to net profit JPY 3.5bln vs. Prev. JPY 5.8bln. (Newswires)

TEPCO (9501 JT)
– Co. 9-month net JPY 225.7bln vs. Prev. 308.3bln Y/Y, rev. JPY 4.21tln vs. Prev. JPY 3.88tln Y/Y. (Newswires)

Tokyo Electron (8035 JT)
– Co. 9-month net JPY 131.4bln vs. Prev. JPY 67.9bln Y/Y. (Newswires)

 

SOUTH KOREA

Cheil Worldwide (030000 KS)
– Co. Q4 net KRW 31.2bln vs. Exp. KRW 36.4bln. (Newswires)

E-Mart (139480 KS)
– Co. FY17 rev. KRW 15.2tln vs. Prev. 14.8tln Y/Y. (Newswires)

LG Chem (051910 KS)
– Co. FY net KRW 2.0tln vs. Prev. KRW 1.28tln Y/Y. (Newswires)

Other News
– US ITC finds that certain South Korean tapered roller bearings are being dumped. (Newswires)
– A South Korean scholar called for South Korea to consider restricting imports of US LNG as a response top US safeguard measures. (Newswires)
– Russia is to send home all North Korean migrant workers by 2019 to comply with UN sanctions. (Ifax)

Data Recap
– South Korean Industrial Production (Dec) M/M -0.5% vs. Exp. 0.1% (Prev. 0.2%). (Newswires)
– South Korean Industrial Production (Dec) Y/Y -6.0% vs. Exp. -1.5% (Prev. -1.6%, Rev. -1.7%)

(Newswires)