PRE-MARKET JAPANESE AND SOUTH KOREAN STOCKS NEWS: Nissan (7201 JT) is recalling 642,698 Rogue SUVs in the US across two separate recalls due to issues that could cause a loss of drive power

JAPAN

Eisai (4523 JT) - Co. and Biogen Canada disagree with Canada’s drug agency decision not to recommend Leqembi for public reimbursement in Canada and will continue to pursue all possible options for reimbursement. (Newswires)

Honda Motor (7267 JT) - Co. will release a new low-priced electric motorbike in Japan on March 23 as it seeks to compete with Chinese brands entering the market. (Nikkei)

Mitsubishi Heavy Industries (7011 JT) - Co. said a tender offer launched by LVJ Holdings 2 for shares in Mitsubishi Logisnext (7105 JT) was completed after meeting the minimum purchase threshold. (Newswires)

Nippon Steel (5401 JT) - Co. could sell around JPY 300bln in additional strategic shareholdings after already divesting over 80%, providing funding for large investments including US Steel furnace upgrades and improving capital efficiency. (Nikkei)

Nissan Motor (7201 JT) - Co. is recalling 642,698 Rogue SUVs in the US across two separate recalls due to issues that could cause a loss of drive power, according to the NHTSA. (Nikkei)

Sony (6758 JT) - Co. is closing Bluepoint Games, the PlayStation subsidiary behind video game remakes including "Demon's Souls", in March, according to a PlayStation spokesperson. (Newswires)

Sumco (3436 JT) - Co. will cut its stake in Formosa Sumco Technology. (Newswires)

Takeda Pharmaceutical (4502 JT) - Co. said Entyvio showed promise for treating ulcerative colitis in children. (Newswires)

SOUTH KOREA

Naver (035420 KS) - Co. mobile payment platform suffered service disruption. (Yonhap)

POSCO Holdings (005490 KS) - Co. cancelled KRW 635.1bln in treasury shares and revamped board. (ChosunBiz)

Samsung Fire & Marine Insurance (000810 KS) - Co. Q4 (KRW) net profit rose 12.8% Y/Y to 234.4bln, operating profit rose 54.8% Y/Y to 391.3bln, revenue fell 3.4% Y/Y to 6.08tln; FY (KRW) net profit fell 2.7% Y/Y to 2.02tln, operating profit rose 0.4% Y/Y to 2.65tln, sales rose 9.4% Y/Y to 24.77tln. (Yonhap)