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Economic Release Details: {CNRSCYOY Index ECOD} --JEFF KEARNS

Economic Release Details: {CNFAYOY Index ECOD} --JEFF KEARNS

Economic Release Details: {CHVAIOY Index ECOD} --JEFF KEARNS

--MICHAEL SIN

(Bloomberg) -- Mizuho raises earnings forecasts and PT on results for year ended March 2017, analysts led by Fumihide Goto write in report Tuesday.

• Profits improved more than expected in 2H of FY; external environment was better, but management efforts are also beginning to pay off
• Co. has been working to reinforce internal collaboration, which had been a problem under its “Amoeba Management” approach
• Substantial scope for synergies given broad- ranging portfolios of products, customers; potential for earnings improvement medium term
• Raises to buy from neutral, PT 7,300 yen from 6,400 yen
• Shares climb as much as 3.3%, most since June 2; trading volume ~60% of 3-month full-day avg
• 3 buys, 12 holds, 3 sells; avg PT 6,400 yen: Bloomberg data

--With assistance from Hiroyuki Sekine. To contact the reporter on this story: Yuko Takeo in Tokyo at ytakeo2@bloomberg.net To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net Naoto Hosoda

(Bloomberg) -- SMBC Nikko doesn’t see a strong gain in profit and says operating profit will be stuck near the 40b yen mark from year ending March 2018 to March 2020, writes senior analyst Shinobu Takeuchi in report Tuesday.

• Profit recovery will be slower vs the sector
• Profit growth stuck on display material pricing pressure and growth in upfront costs for business development, expansion in life sciences business
• JSR’s recovery prospects look weak compared to rivals at a time when electronics material makers are positioned to benefit from higher prices
• Stock will also be hurt by lack of clear commitment to shareholder returns in the new mid-term plan
• Cuts to underperform from neutral, PT to 1,810 yen from 1,870 yen
• Shares fall as much as 3.2%, most since May 30; trading volume ~30% of 3-month full-day avg
• 2 buys, 9 holds, 4 sells; avg PT 1,860 yen: Bloomberg data

To contact the reporter on this story: Yuko Takeo in Tokyo at ytakeo2@bloomberg.net To contact the editors responsible for this story: Divya Balji at dbalji1@bloomberg.net Teo Chian Wei