By Norie Kuboyama
Nov. 15 (Bloomberg) -- The following companies may have unusual price changes in Japanese trading on Nov. 17. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.
Aozora Bank Ltd. (8304 JT): The Japanese lender controlled by Cerberus Capital Management LP (137482Z US) scrapped its full- year profit estimate and forecast a loss, citing writedowns on overseas investments. The lender expects a net loss of 27 billion yen ($278 million) in the 12 months ending March 31, it said in a statement, abandoning a 15 billion yen profit target set in September. The stock slipped 4 yen, or 4.8 percent, to 79.
Asics Corp. (7936 JT): The sporting goods maker cut its full-year net income projection 11 percent to 13.5 billion yen. Overseas units may be hurt by the stronger yen, and sales in Europe may be below expectations, the company said in a release. Asics gained 29 yen, or 5 percent, to 615.
Central Glass Co. (4044 JT): The maker of glass products about halved its full-year net income outlook to 3 billion yen, citing devaluation of stockholdings. Central Glass rallied 20 yen, or 6.5 percent, to 329.
Chiba Bank Ltd. (8331 JT): The regional bank said first-half net income plunged 73 percent to 7.64 billion yen, with a 2.9 percent slip in revenue. The stock added 1 yen, or 0.2 percent, to 473.
Dai Nippon Printing Co. (7912 JT): The printing company reduced its full-year net income forecast 30 percent to 32 billion yen, citing price competition and higher prices for raw materials. The stock climbed 72 yen, or 7 percent, to 1,108.
Eisai Co. (4523 JT): The U.S. unit of Eisai, maker of world's best-selling drug for Alzheimer's disease, has won the approval of the U.S. Food and Drug Administration to sell its Banzel drug for the treatment of epilepsy. The stock rose 20 yen, or 0.61 percent, to 3,290.
GS Yuasa Corp. (6674 JT): The maker of batteries and lighting equipment said it had first-half net income of 2.51 billion yen, compared with a 1.84 billion yen loss a year earlier, citing benefits from lower lead prices, streamlining and reduced administration costs. The stock dropped 1 yen, or 0.2 percent, to 340.
Heiwa Corp. (6412 JT): The pachinko machine maker said it had a first-half net loss of 3.42 billion yen, compared with 389 million yen in profit a year earlier, dragged down by inventory devaluation. Heiwa slid 21 yen, or 3.2 percent, to 643.
Japan Airlines Corp. (9205 JT): Japan Airlines and All Nippon Airways Co. will probably cut fuel surcharges for overseas travel, starting in January, NHK reported, without citing anyone. Japan Airlines rose 2 yen, or 0.93 percent, to 217. All Nippon gained 6 yen, or 1.71 percent, to 357.
Joyfull Co. (9942 JT): The family restaurant chain reversed its full-year forecast to a net loss of 190 million yen from 477 million yen in profit, citing increased personnel and utility costs. The company cut its second-half dividend to 10 yen from 15 yen. Joyfull was unchanged at 630 yen.
Kitz Corp. (6498 JT): The valve maker said it will buy back as much as 4.4 percent of its total outstanding shares for up to 1 billion yen through March 23. Kitz sagged 6 yen, or 1.9 percent, to 315.
Marui Group Co. (8252 JT): The department store chain and consumer lender said first-half net income climbed 77 percent to 1.44 billion yen, buoyed stock sales. Operating profit in the six months ended Sept. 30 about halved to 4 billion yen, with a 7.6 percent drop in sales. Marui advanced 30 yen, to 5.3 percent, to 597.
Misumi Group Inc. (9962 JT): The distributor of precision machinery parts lowered its full-year net income outlook 17 percent to 8.3 billion yen and its sales forecast 13 percent to 119 billion yen. The stock fell 8 yen, or 0.5 percent, to 1,476.
Mitsubishi UFJ Financial Group Inc. (8306 JT): Japan's biggest listed bank will sell 390 billion yen in preferred shares to seven investors, according to a statement from the bank. The stock added 3 yen, or 0.5 percent, to 595.
Rakuten Inc. (4755 JQ): The operator of Japan's largest online shopping mall said it will cancel a business alliance with Tokyo Tomin Bank Ltd. (8339 JT), as the online retailer signed with eBank Corp., an electronic banking service company, to integrate their consumer loan operations under an alliance. Rakuten fell 500 yen, or 0.9 percent, to 57,000. Tokyo Tomin declined 46 yen, or 4.4 percent, to 991.
Resona Holdings Inc. (8308 JT): Japan's fourth-biggest bank said first-half net income fell 28 percent to 86.4 billion yen, with a 6.7 percent drop in revenue. Resona lost 1,700 yen, or 1.5 percent, to 109,500.
Rhythm Watch Co. (7769 JT): The clockmaker said it expects net loss of 700 million yen in the fiscal year ending March 31, after canceling a plan to sell some stock it holds. The company had forecast 520 million yen in profit. Rhythm Watch won't pay a planned 2 yen dividend for the year. The stock added 2 yen, or 2.1 percent, to 99.
Sapporo Hokuyo Holdings Inc. (8328 JT): The lender reversed its full-year forecast to net loss of 27.5 billion yen from a 20 billion yen profit and canceled its first-half dividend of 5,000 yen. Sapporo Hokuyo is now determining if it will pay a planned second-half dividend of 7,000 yen, the bank said in a release. The stock declined 19,000 yen, or 4.6 percent, to 398,000.
Sharp Corp. (6753 JT): Sharp will reduce production at its Kameyama plant by more than 10 percent due to decreasing demand, Nikkei English News reported, without saying where it got the information. The stock rose 3 yen, or 0.45 percent, to 670.
Sodick Hightech Co. (6160 JX): Sodick Co. (6143 JT), a machinery maker, offered to pay 40,200 yen for each Sodick Hightech share to buy out the maker of peripherals for electrical discharge equipment, the companies said in separate statements. Sodick Hightech advanced 500 yen, or 3.2 percent, to 16,200. Sodick was unchanged at 234 yen.
Sumitomo Mitsui Financial Group Inc. (8316 JT): Japan's third-biggest bank by revenue said first-half net income fell 51 percent to 83.3 billion yen as bad-loan costs more than doubled. The lender cut its second-half dividend to 5,000 yen from 7,000 yen. The stock slipped 6,000 yen, or 1.6 percent, to 362,000.
Taihei Dengyo Kaisha Ltd. (1968 JT): the plant engineering company lifted its full-year net income forecast 29 percent to 3.36 billion yen and its sales forecast 8 percent to 71.4 billion yen. The company also said it will spend as much as 1 billion yen to buy back as many as 1 million shares through March 31. The stock lost 43 yen, or 5.6 percent, to 729.
TonenGeneral Sekiyu K.K. (5012 JT): The Japanese unit of Exxon Mobil Corp. (XOM US) increased its full-year net income outlook 90 percent to 36 billion yen as margins for processing oil into petroleum improved. Nine-month profit fell 3.8 percent to 34.2 billion yen, TonenGeneral said in a separate statement. The stock gained 25 yen, or 2.9 percent, to 880.
Toyota Motor Corp. (7203 JT): Japan's biggest automaker may cut production of Lexus luxury vehicles at one of its domestic factories, the Tokyo newspaper reported. The stock rose 60 yen, or 1.95 percent, to 3,140.
To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.
Posts
No comments:
Post a Comment