The maker of compressors and painting machines said it will spend as much as 256 million yen ($2.84 million) to buy back up to 1.58 percent of its outstanding shares. Disco Corp (6146 JT) leapt 4.7 percent to 5,370 yen. The maker of abrasives and precision industrial machinery had its 12 month share price estimate increased to 6,803 yen from 6,535 yen by Tetsuya Wadaki, an analyst at Nomura Holdings Inc. Fujitsu Ltd (6702 JT) extended yesterday's decline, falling 3.9 percent to 546 yen, the most since Sept. 25. The company said it asked former President Kuniaki Nozoe to resign for his links to a firm with an "unfavorable reputation," revising an earlier statement he quit for health reasons. The Tokyo Stock Exchange said it had asked the company for clarification after the company revised its statement. 
Share:  The maker of compressors and painting machines said it will spend as much as 256 million yen ($2.84 million) to buy back up to 1.58 percent of its outstanding shares. Disco Corp (6146 JT) leapt 4.7 percent to 5,370 yen.<span class="sent"> The maker of abrasives and precision industrial machinery had its 12 month share price estimate increased to 6,803 yen from 6,535 yen by Tetsuya Wadaki, an analyst at Nomura Holdings Inc. Fujitsu Ltd (6702 JT) extended yesterday's decline, falling 3.9 percent to 546 yen, the most since Sept. 25.</span> The company said it asked former President Kuniaki Nozoe to resign for his links to a firm with an "unfavorable reputation," revising an earlier statement he quit for health reasons. The Tokyo Stock Exchange said it had asked the company for clarification after the company revised its statement. Tweet this 

That compares with its previous forecast for 3 billion yen and 16 billion yen operating loss a year earlier Seiko Epson is handing over its money losing liquid crystal display business to Sony Corp to reduce expenditures and turn profitable on operating basis this fiscal year The company is on track to reduce costs by 100 billion yen this fiscal year, according to Nomura Holdings Inc "The results of restructuring are positive, but the post reform growth drivers are not yet clear," Tetsuya Wadaki, a Tokyo based analyst at Nomura, wrote in a report dated Jan 29 Wadaki, who has a "neutral" rating on Seiko Epson, raised his 12 month share price estimate 64 percent to 1,673 yen Seiko Epson increased its full year profit outlook for its information equipment business, comprising printers and visual equipment, 52 percent to 41 billion yen 
Share:  That compares with its previous forecast for 3 billion yen and 16 billion yen operating loss a year earlier <span class="company">Seiko Epson</span> is handing over its money losing liquid crystal display business to Sony Corp to reduce expenditures and turn profitable on operating basis this fiscal year<span class="sent"> The company is on track to reduce costs by 100 billion yen this fiscal year, according to Nomura Holdings Inc "The results of restructuring are positive, but the post reform growth drivers are not yet clear," <span class="analyst">Tetsuya Wadaki</span>, a Tokyo based analyst at Nomura, wrote in a report dated Jan 29</span> Wadaki, who has a "neutral" rating on <span class="company">Seiko Epson</span>, raised his 12 month share price estimate 64 percent to 1,673 yen <span class="company">Seiko Epson</span> increased its full year profit outlook for its information equipment business, comprising printers and visual equipment, 52 percent to 41 billion yen...<span class="sent">The company is on track to reduce costs by 100 billion yen this fiscal year, according to Nomura Holdings Inc "The results of restructuring are positive, but the post reform growth drivers are not yet clear," <span class="analyst">Tetsuya Wadaki</span>, a Tokyo based analyst at Nomura, wrote in a report dated Jan 29</span> Wadaki, who has a "neutral" rating on <span class="company">Seiko Epson</span>, raised his 12 month share price estimate 64 percent to 1,673 yen <span class=" Tweet this 

Ricoh Co, the second largest maker of office equipment in Japan, last year agreed to buy Pennsylvania based Ikon Office Solutions Inc for US$1.62 billion to expand sales and services operations in the US. "Canon probably has been considering a counterattack ever since Ikon was taken over by rival," said Tetsuya Wadaki, a Tokyo based analyst at Nomura Holdings Inc. Canon needs to strengthen its US operation to win market share in the region to compete against firms such as Xerox Corp, he said.  
Share:  <span class="sent">Ricoh Co, the second largest maker of office equipment in Japan, last year agreed to buy Pennsylvania based <span class="company">Ikon Office Solutions</span> Inc for US$1.62 billion to expand sales and services operations in the US. "Canon probably has been considering a counterattack ever since Ikon was taken over by rival," said <span class="analyst">Tetsuya Wadaki</span>, a Tokyo based analyst at Nomura Holdings Inc. Canon needs to strengthen its US operation to win market share in the region to compete against firms such as Xerox Corp, he said. </span> Tweet this 

Ricoh Co, the second largest maker of office equipment in Japan, last year agreed to buy Pennsylvania based Ikon Office Solutions Inc for US$1.62 billion to expand sales and services operations in the US. "Canon probably has been considering a counterattack ever since Ikon was taken over by rival," said Tetsuya Wadaki, a Tokyo based analyst at Nomura Holdings Inc. Canon needs to strengthen its US operation to win market share in the region to compete against firms such as Xerox Corp, he said.  
Share:  <span class="sent"><span class="company">Ricoh</span> Co, the second largest maker of office equipment in Japan, last year agreed to buy Pennsylvania based Ikon Office Solutions Inc for US$1.62 billion to expand sales and services operations in the US. "Canon probably has been considering a counterattack ever since Ikon was taken over by rival," said <span class="analyst">Tetsuya Wadaki</span>, a Tokyo based analyst at Nomura Holdings Inc. Canon needs to strengthen its US operation to win market share in the region to compete against firms such as Xerox Corp, he said. </span> Tweet this 

Canon will pay 8.60 euros a share, or 70 percent higher than Venlo, Netherlands based Oce's last closing price, Tokyo based Canon said in an e mailed statement yesterday. Integrating the two companies will probably take about three years, the statement said. The purchase paves the way for Canon to share Oce's research, marketing and manufacturing as it seeks to become the leader in the global printing industry. Ricoh Co, the second largest maker of office equipment in Japan, last year agreed to buy Pennsylvania based Ikon Office Solutions Inc for US$1.62 billion to expand sales and services operations in the US. "Canon probably has been considering a counterattack ever since Ikon was taken over by rival," said Tetsuya Wadaki, a Tokyo based analyst at Nomura Holdings Inc. Canon needs to strengthen its US operation to win market share in the region to compete against firms such as Xerox Corp, he said.  
Share:  Canon will pay 8.60 euros a share, or 70 percent higher than Venlo, Netherlands based <span class="company">Oce</span>'s last closing price, Tokyo based Canon said in an e mailed statement yesterday. Integrating the two companies will probably take about three years, the statement said. The purchase paves the way for Canon to share <span class="company">Oce</span>'s research, marketing and manufacturing as it seeks to become the leader in the global printing industry. <span class="sent"> Ricoh Co, the second largest maker of office equipment in Japan, last year agreed to buy Pennsylvania based Ikon Office Solutions Inc for US$1.62 billion to expand sales and services operations in the US. "Canon probably has been considering a counterattack ever since Ikon was taken over by rival," said <span class="analyst">Tetsuya Wadaki</span>, a Tokyo based analyst at Nomura Holdings Inc. Canon needs to strengthen its US operation to win market share in the region to compete against firms such as Xerox Corp, he said. </span> Tweet this 

Ricoh Co, the second largest maker of office equipment in Japan, last year agreed to buy Pennsylvania based Ikon Office Solutions Inc for US$1.62 billion to expand sales and services operations in the US. "Canon probably has been considering a counterattack ever since Ikon was taken over by rival," said Tetsuya Wadaki, a Tokyo based analyst at Nomura Holdings Inc. Canon needs to strengthen its US operation to win market share in the region to compete against firms such as Xerox Corp, he said.  
Share:  <span class="sent">Ricoh Co, the second largest maker of office equipment in Japan, last year agreed to buy Pennsylvania based Ikon Office Solutions Inc for US$1.62 billion to expand sales and services operations in the US. "Canon probably has been considering a counterattack ever since Ikon was taken over by rival," said <span class="analyst">Tetsuya Wadaki</span>, a Tokyo based analyst at Nomura Holdings Inc. Canon needs to strengthen its US operation to win market share in the region to compete against firms such as <span class="company">Xerox</span> Corp, he said. </span> Tweet this 

'Sales are struggling, but GPM (gross profit margin) gains and cost cuts have profits near bottom,' Hironori Tanaka, an analyst at Morgan Stanley Research Japan, said in a report. 'Dentsu has major events such as World Cup soccer next year, and risk of futher earnings erosion is limited.' 0417 GMT **YOKOGAWA ELECTRIC UP AFTER RATINGS HIKE TO 'BUY' Yokogawa Electric climbed 3.5 percent to 719 yen after Nomura Securities raised its rating on the maker of industrial instruments to 'buy' from 'neutral' and hiked its target price to 874 yen from 832 yen, citing first half results that substantially topped company forecasts and the company raising most of its full year forecasts. 'The company's plant orders have rebounded more quickly than expected because of the rise in oil prices, the stabilisation of financial markets, and growth in the Middle East and other emerging economies,' wrote analyst Tetsuya Wadaki in a report. 0200 GMT **PACIFIC METALS DOWN AFTER H1 RESULTS** Pacific Metals fell 4.57 percent to 647 yen after the ferronickel maker reported on Tuesday an operating profit fall of 76.6 percent in the April September first half from the same period a year ago. The company also posted a sales profit fall of 47.6 percent during the first half. 
Share:  'Sales are struggling, but GPM (gross profit margin) gains and cost cuts have profits near bottom,' Hironori Tanaka, an analyst at Morgan Stanley Research Japan, said in a report. 'Dentsu has major events such as World Cup soccer next year, and risk of futher earnings erosion is limited.' 0417 GMT **YOKOGAWA ELECTRIC UP AFTER RATINGS HIKE TO 'BUY' <span class="company">Yokogawa Electric</span> climbed 3.5 percent to 719 yen after Nomura Securities raised its rating on the maker of industrial instruments to 'buy' from 'neutral' and hiked its target price to 874 yen from 832 yen, citing first half results that substantially topped company forecasts and the company raising most of its full year forecasts. <span class="sent"> 'The company's plant orders have rebounded more quickly than expected because of the rise in oil prices, the stabilisation of financial markets, and growth in the Middle East and other emerging economies,' wrote analyst <span class="analyst">Tetsuya Wadaki</span> in a report. </span> 0200 GMT **PACIFIC METALS DOWN AFTER H1 RESULTS** Pacific Metals fell 4.57 percent to 647 yen after the ferronickel maker reported on Tuesday an operating profit fall of 76.6 percent in the April September first half from the same period a year ago. The company also posted a sales profit fall of 47.6 percent during the first half. Tweet this 

The operating loss, or sales minus the cost of goods sold and administrative expenses, widened to 3.47 billion yen from 2.1 billion yen. Advantest, along with chip gear makers Applied Materials Inc and Tokyo Electron Ltd., are facing a 45 percent drop in capital spending to $24.3 billion by makers of semiconductors worldwide this year, according to researcher Gartner Inc. President Haruo Matsuno last month forecast bookings will climb in the current quarter from a year earlier, joining rivals in reporting signs of recovery. "Expectations for a rebound have been excessively reflected in the share price," Tetsuya Wadaki, a Tokyo based analyst at Nomura Holdings Inc., wrote in a report yesterday. "Real recovery will not come until after the end of 2009." Wadaki has a "reduce" rating on Advantest. 
Share:  The operating loss, or sales minus the cost of goods sold and administrative expenses, widened to 3.47 billion yen from 2.1 billion yen. Advantest, along with chip gear makers <span class="company">Applied Materials</span> Inc and Tokyo Electron Ltd., are facing a 45 percent drop in capital spending to $24.3 billion by makers of semiconductors worldwide this year, according to researcher Gartner Inc. President Haruo Matsuno last month forecast bookings will climb in the current quarter from a year earlier, joining rivals in reporting signs of recovery. <span class="sent"> "Expectations for a rebound have been excessively reflected in the share price," <span class="analyst">Tetsuya Wadaki</span>, a Tokyo based analyst at Nomura Holdings Inc., wrote in a report yesterday. </span> "Real recovery will not come until after the end of 2009." Wadaki has a "reduce" rating on Advantest. Tweet this 

The operating loss, or sales minus the cost of goods sold and administrative expenses, widened to 3.47 billion yen from 2.1 billion yen. Advantest, along with chip gear makers Applied Materials Inc and Tokyo Electron Ltd., are facing a 45 percent drop in capital spending to $24.3 billion by makers of semiconductors worldwide this year, according to researcher Gartner Inc. President Haruo Matsuno last month forecast bookings will climb in the current quarter from a year earlier, joining rivals in reporting signs of recovery. "Expectations for a rebound have been excessively reflected in the share price," Tetsuya Wadaki, a Tokyo based analyst at Nomura Holdings Inc., wrote in a report yesterday. "Real recovery will not come until after the end of 2009." Wadaki has a "reduce" rating on Advantest. 
Share:  The operating loss, or sales minus the cost of goods sold and administrative expenses, widened to 3.47 billion yen from 2.1 billion yen. Advantest, along with chip gear makers Applied Materials Inc and <span class="company">Tokyo Electron</span> Ltd., are facing a 45 percent drop in capital spending to $24.3 billion by makers of semiconductors worldwide this year, according to researcher Gartner Inc. President Haruo Matsuno last month forecast bookings will climb in the current quarter from a year earlier, joining rivals in reporting signs of recovery. <span class="sent"> "Expectations for a rebound have been excessively reflected in the share price," <span class="analyst">Tetsuya Wadaki</span>, a Tokyo based analyst at Nomura Holdings Inc., wrote in a report yesterday. </span> "Real recovery will not come until after the end of 2009." Wadaki has a "reduce" rating on Advantest. Tweet this 

The operating loss, or sales minus the cost of goods sold and administrative expenses, widened to 3.47 billion yen from 2.1 billion yen. Advantest, along with chip gear makers Applied Materials Inc and Tokyo Electron Ltd., are facing a 45 percent drop in capital spending to $24.3 billion by makers of semiconductors worldwide this year, according to researcher Gartner Inc. President Haruo Matsuno last month forecast bookings will climb in the current quarter from a year earlier, joining rivals in reporting signs of recovery. "Expectations for a rebound have been excessively reflected in the share price," Tetsuya Wadaki, a Tokyo based analyst at Nomura Holdings Inc., wrote in a report yesterday. "Real recovery will not come until after the end of 2009." Wadaki has a "reduce" rating on Advantest. 
Share:  The operating loss, or sales minus the cost of goods sold and administrative expenses, widened to 3.47 billion yen from 2.1 billion yen. <span class="company">Advantest</span>, along with chip gear makers Applied Materials Inc and Tokyo Electron Ltd., are facing a 45 percent drop in capital spending to $24.3 billion by makers of semiconductors worldwide this year, according to researcher Gartner Inc. President Haruo Matsuno last month forecast bookings will climb in the current quarter from a year earlier, joining rivals in reporting signs of recovery. <span class="sent"> "Expectations for a rebound have been excessively reflected in the share price," <span class="analyst">Tetsuya Wadaki</span>, a Tokyo based analyst at Nomura Holdings Inc., wrote in a report yesterday. </span> "Real recovery will not come until after the end of 2009." Wadaki has a "reduce" rating on <span class="company">Advantest</span>. Tweet this