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KDDI Corp

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  • Japan's Nikkei hits more than 2-month closing low Thursday, 11 Oct 2012 | 2:27 AM ET

    *Car parts maker Tokai Rika sags after Toyota recall. *KDDI climbs after J.P. Morgan lifts price target. TOKYO, Oct 11- Japan's Nikkei share average fell to its lowest close in more than two months on Thursday on mounting fears that upcoming corporate earnings will be weak after the U.S. results season got off to a slow start.

  • Mitsui Fudosan Co Ltd slipped 1.2 percent to 1,552 yen after trading as low as 1,518 yen, while Mitsubishi Estate Co Ltd eased 1.1 percent to 1,518 yen after falling as much as 1,488 yen. Yaskawa Electric Corp slipped 0.8 percent to 509 yen after J.P. Morgan lowered its price target on the electric motor maker to 575 yen from 660, citing weak market conditions.

  • *KDDI climbs after J.P. Morgan lifts price target. TOKYO, Oct 11- Japan's Nikkei average fell to its lowest in two months on Thursday, losing ground for a third straight day on mounting concerns that upcoming quarterly corporate earnings will be weak after the U.S. results season got off to a slow start.

  • Yaskawa Electric Corp slipped 0.8 percent to 509 yen after J.P. Morgan lowered its price target on the electric motor maker to 575 yen from 660, citing weak market conditions. "While we think the company is likely to lower guidance when reporting 1 H results on Oct. 17, we expect only a limited negative reaction by the stock price," J.P. Morgan said in a report.

  • KDDI Corp advanced 2.8 percent to 5,910 yen after J.P. Morgan lifted its price target on the mobile operator to 6,000 yen from 5,000, saying it expects improvement in earnings for the quarter ended September.

  • *Softbank falls, trumped by KDDI on iPhone 5 sales. TOKYO, Oct 9- Japan's Nikkei share average fell the most in eight sessions on Tuesday on concern that companies will slash profit forecasts further following a World Bank warning that the slowdown in key trading partner China may be more protracted than thought.

  • *Softbank falls, beaten by KDDI on sales of iPhone 5. TOKYO, Oct 9- Japan's Nikkei share average dropped on Tuesday morning amid growing concern that companies will slash full year forecasts when they release quarterly earnings, after the World Bank warned China's slowdown may be more protracted than thought.

  • *Softbank falls, beaten by KDDI on sales of iPhone 5. TOKYO, Oct 9- Japan's Nikkei share average dropped in early trade on Tuesday on growing concern that companies will slash full year forecasts when they release quarterly earnings, after the World Bank warned China's slowdown may be more protracted than thought.

  • TOKYO, Oct 4- Japan's Nikkei share average is set to rise on Thursday after more data showed the U.S. economic recovery is gathering steam, but gains will likely be capped by wariness ahead of European Central Bank and Bank of Japan meetings starting later in the day. Nikkei futures in Chicago closed at 8,790, up 0.5 percent from the close in Osaka.

  • TOKYO, Oct 4- KDDI Corp is in the final stages of talks with Apple Inc to sell a new version of its iPad expected for release in Japan next month, in a move that would end rival Softbank Corp's monopoly on cellular-enabled iPads, the Nikkei business daily reported.

  • Oct 02- Standard& Poor's Ratings Services today said its ratings on Japan's Softbank Corp..

  • *Softbank up on eAccess purchase, rival KDDI down. TOKYO, Oct 2- Japan's Nikkei slipped on Tuesday on concerns over company earnings after a handful of firms cut forecasts, but losses were capped by gains in mobile operator Softbank Corp after its purchase of a smaller rival. Clothing store chain Shimamura Co Ltd.

  • Nippon Television Holdings Inc, the result of an Oct. 1 merger of television networks BS Nihon and CS Nihon, fell 5.7 percent to 1,057 yen, a one-month low, after the company cut its operating profit forecast to 33.3 billion yen from a previous forecast of 34 billion yen.

  • Askul Corp rose 4.6 percent to 1,312 yen, a five-month high, after the office supplies company launched a teaser site for its "Yaskul" ordering service, a tie-up with Yahoo on Monday.

  • Takaoka Toko Holdings Co Ltd rose 4.8 percent to 1,310 yen after the company, which was the result of an Oct. 1 merger of Takaoka Electric MFG Co Ltd and Takaoka Toko Holdings Co Ltd, said it would likely make an operating profit in the year ending March 2013 of 2.1 billion yen, with negative goodwill from the merger reaching around 2 billion yen.

  • TOKYO, Oct 2- Japan's Nikkei share average inched up on Tuesday morning, buoyed by a surprisingly strong pick-up in U.S. manufacturing as well as gains for Softbank Corp after its purchase of a rival to boost its network capacity. The Nikkei inched up 21.8 points, or 0.3 percent to 8,818.38 by the midday break, with a softer yen helping exporters such as Canon Inc.

  • Point Inc eased 1.7 percent to 2,897 yen after the casual clothing stores operator reported a 9.2 percentage year-on-year fall in its same-store sales in September, citing hot weather.

  • Softbank Corp rose 4.4 percent after the mobile operator said it would acquire smaller rival eAccess Ltd. in a $1.84 billion deal, stepping up a fight for market share with competitor KDDI Corp. eAccess was untraded with a glut of buy orders by mid-morning, while KDDI lost 2.5 percent.

  • Don Quijote Co Ltd gained 1.5 percent to 3,035 yen after J.P.Morgan raised its price target on the discount store to 3,600 yen from 3,400, citing expectations of firm profit growth in the first quarter ended September. J.P.Morgan maintained its' overweight' rating on Don Quijote.

  • Xebio Co Ltd fell 2.2 percent to 1,555 yen after J.P. Morgan cut its price target on the apparel retailing chain to 1,800 yen from 2,000, saying it expected the firm to post weaker earnings in the second quarter ended September.