By Akiko Ikeda and Norie Kuboyama
April 27 (Bloomberg) -- The following companies may have unusual price changes in Japanese trading today. 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.
Aomori Bank Ltd. (8342 JT): The regional bank said full- year its net loss amounted to 13.4 billion yen ($136.5 million), wider than its 4.3 billion yen loss forecast, it said in a preliminary earnings statement. The bank cited bigger losses from securities and writedowns on devalued stockholdings for the result. The stock slid 1.6 percent to 360 yen.
Chugai Pharmaceutical Co. (4519 JT): The drugmaker booked 13.8 billion yen in net income in the three months ended March 31, compared with 6.7 billion yen a year ago, boosted by an increase in drug sales and currency-exchange gains. The stock slid 0.9 percent to 1,618 yen.
Chuo Corp. (3207 JT): The yarn maker filed for bankruptcy protection today with the Tokyo District Court after accumulating about 34 billion yen in liabilities, it said on April 24. Chuo added 4 percent to 26 yen.
Chuo Mitsui Trust Holdings Inc. (8309 JT): The banking group had 92 billion yen in net loss for the year ended March 31, reversing from a forecast for 30 billion yen in profit, according to a preliminary earnings statement. The company cut its yearend dividend to 5 yen from 7 yen. The stock added 0.3 percent to 309 yen.
Cosmos Initia Co. (8844 JT ): The Japanese condominium developer asked banks to defer loan payments and accept debt- for-equity swaps to help revive its business, Nikkei said, without saying where it obtained the information. The shares fell 2.6 percent to 37 yen.
FCC Co. (7296 JT): The clutch maker said it expects full- year net income will plunge to 200 million yen in the year started April 1. The company booked a 20 percent decline to 3.88 billion yen in the year just ended, citing the stronger yen and a decline in sales of clutches for large-sized motorbikes. The stock dropped 2.6 percent to 1,276 yen.
Fuji Heavy Industries Ltd. (7270 JT): The maker of Subaru- brand cars said its full-year net loss was wider than its estimate as it booked 36.3 billion yen more in taxes than expected. The loss totaled 70 billion yen, compared with its forecast of 23 billion yen, according to a preliminary earnings statement. The stock sank 4.8 percent to 355 yen.
Hakuhodo DY Holdings Inc. (2433 JT): Japan’s second-biggest advertising company had a net loss of 3.2 billion yen in the year ended March 31, missing its forecast of 2.3 billion yen in profit, according to a preliminary earnings statement. The company said charges on devalued stockholdings and goodwill depreciation damaged profit. Hakuhodo will pay a yearend dividend of 25 yen, compared with a 40 yen payout a year ago. The stock fell 2.2 percent to 4,530 yen.
Hitachi Ltd. (6501 JT): The maker of electrical equipment developed a lithium-ion battery with 70 percent greater output than current cells, which may enable production of smaller and lighter hybrid vehicles, the Nikkei newspaper said. The shares declined 2 yen, or 0.6 percent, to 333 yen.
Hitachi Koki Co. (6581 JT): The maker of electric tools and equipment said in preliminary earnings statement full-year profit declined more than expected. Net income was 5.03 billion yen, down 42 percent from its forecast, and lower than the 15.6 billion it earned the previous year. Higher restructuring costs damaged the company’s earnings, it said. Hitachi Koki cut its yearend dividend to 6 yen from 11 yen. The stock slid 0.1 percent to 808 yen.
Hitachi Plant Technologies Ltd. (1970 JT): The builder of nuclear and water power-plant facilities said it expects to return to profit in the year started April 1. Net income will be 1.7 billion yen, compared with a net loss of 859 million yen in the year ended March 31. The company had expected to lose 2 billion yen. The stock climbed 5.8 percent to 401 yen.
Jafco Co. (8595 JT): The venture-capital company booked 17 billion yen in net loss in the year ended March 31, compared with a profit of 7.68 billion yen a year earlier. Sales during the period slumped 69 percent to 21.4 billion yen. The stock jumped 5.5 percent to 2,025 yen.
Kabu.com Securities Co. (8703 JT): The online brokerage’s full-year net income fell 39 percent to 3.64 billion yen with a 19 percent drop in sales on a parent basis, due to a slide in commissions. The stock lost 2.8 percent to 104,500 yen.
Kansai Electric Power Co. (9503 JT): Japan’s second-biggest power utility posted 9 billion yen in net loss for the year ended March 31, narrower than its 28 billion yen loss forecast, it said in a preliminary earnings statement. The company cited lower fuel costs and cost cuts for the result. The stock slid 2 percent to 1,990 yen.
Kao Corp. (4452 JT): The household products maker projected full-year net income will fall 13 percent to 56 billion yen on a 5.2 percent slide in sales. Operating profit in the year ended March 31 sank 17 percent to 96.8 billion yen. The stock sank 3.8 percent to 1,924 yen.
Kirin Holdings Co. (2503 JT): Japan’s largest beverage maker is offering A$3.5 billion ($2.5 billion) for the 54 percent of Lion Nathan Ltd. (LNN AU) it doesn’t already own. The offer price will be $12.22 a share comprising cash of A$11.50 and a special dividend of 72 cents, Sydney-based Lion said in a statement. The offer values Australia’s second-largest brewer at A$6.5 billion.
Koito Manufacturing Co. (7276 JT): The headlamp maker projected its net income for the year started April 1 will fall 75 percent to 1 billion yen with a 14 percent drop in sales. Profit in the year just ended fell 74 percent to 4.04 billion yen, as output cuts by carmakers eroded profit. The company cut its yearend dividend to 8 yen from 12 yen. The stock added 0.4 percent to 800 yen.
Konami Corp. (9766 JT): The game maker’s full-year profit unexpectedly declined to 10.2 billion yen from 18.3 billion yen a year ago, dragged down by an 11.1 billion yen charge at its health-service unit, it said in a preliminary earnings statement. That was 45 percent lower than the company’s forecast of 18.5 billion yen. The stock fell 2.8 percent to 1,480 yen.
Max Co. (6454 JT): The maker of office products forecast a 20 percent drop in net income for the year started April 1. The company posted a 2.58 billion yen profit in the year just ended, 36 percent lower than a year ago. The stock added 0.4 percent to 1,020 yen.
Mitsubishi Rayon Co. (3404 JT): The synthetic-fiber maker said in a preliminary earnings statement its net loss for the year ended March 31 reached 29 billion yen, wider than its forecast for a 27 billion yen shortfall. The company said charges on devalued stockholdings eroded earnings. Mitsubishi Rayon lowered its yearend dividend to 1 yen from 3 yen. The stock fell 2.2 percent to 218 yen.
Miyazaki Bank Ltd. (8393 JT): The regional bank posted a wider-than-expected loss for the year ended March 31. Net loss reached 21.8 billion yen, bigger than its 12.5 billion yen loss forecast, according to a preliminary earnings statement. The stock dropped 1.6 percent to 376 yen.
NEC Electronics Corp. (6723 JT): The electronic-component maker and Renesas Technology Corp. (RENEZ JP) will announce today a plan to merge to create the world’s third-biggest chipmaker, Japanese broadcaster NHK said. NEC Electronics soared 11 percent to 1,141 yen.
NSK Ltd. (6471 JT): The bearing maker posted net income of 4.6 billion yen for the year ended March 31, reversing from its forecast of 4 billion yen in net loss, according to a preliminary earnings statement. NSK cited lower currency- exchange losses and restructuring costs, as well as a reversal of deferred-tax liabilities, for the result. The stock fell 1.3 percent to 450 yen.
NTT DoCoMo Inc. (9437 JT): Japan’s largest mobile-phone operator’s group operating profit may have risen 3 percent to about 830 billion yen ($8.6 billion) in the year ended March 31, in line with its forecast, Nikkei English News reported. The stock slid 3.1 percent to 135,400 yen.
Nidec Corp. (6594 JO): The maker of electrical motors projected it will have 45 billion yen in operating profit in the year started April 1, down 13 percent from the year ended March 31. Net income in the year just ended fell 31 percent to 28.4 billion yen. The stock added 1 percent to 5,220 yen.
Nidec Sankyo Corp. (7757 JT): The electronic-components maker forecast its operating profit for the year started April 1 will decline 26 percent to 3.5 billion yen. The company posted a 63 percent plunge in full-year profit to 1.87 billion yen, compared with a year ago. The company halved its yearend dividend to 3 yen. The stock slipped 1.6 percent to 362 yen.
Nomura Holdings Inc. (8604 JT): Japan’s biggest brokerage posted a bigger-than-expected quarterly loss as staffing costs doubled and fees declined. The 217.1 billion yen deficit for the three months ended March 31 widened from 153.9 billion yen a year earlier, the company said in a statement. The median estimate of six analysts surveyed by Bloomberg was a 127 billion yen loss. The stock added 1.2 percent to 605 yen.
Nomura Research Institute Ltd. (4307 JT): The information- technology provider’s full-year operating profit is forecast to drop 14 percent to 43 billion yen in the year started April 1. The company posted a 13 percent decline in net income for the year just ended. The stock fell 1.9 percent to 1,702 yen.
Oita Bank Ltd. (8392 JT): The regional bank’s full-year net loss amounted to 22.9 billion yen, wider than its 6.9 billion loss forecast, according to a preliminary earnings statement. The stock lost 2.4 percent to 495 yen.
Ricoh Co. (7752 JT): Japan’s second-biggest maker of office equipment turned unprofitable in the fourth quarter because of falling global demand for its products. The net loss was 23 billion yen in the three months ended March 31, compared with profit of 21.2 billion yen a year earlier. Sales decreased 9.6 percent to 523.6 billion yen. The stock slid 1.2 percent to 1,292 yen.
Ricoh Leasing Co. (8566 JT): The company, which offers credit sales and leasing of office-automation equipment, posted a 21 percent decline in full-year net income to 6.12 billion yen, dragged down by higher bad-debt charges. The stock fell 3.5 percent to 1,616 yen.
Sekisui Chemical Co. (4204 JT): The maker of vinyl and resin products said full-year net income fell more than expected to 1 billion yen from 24.3 billion yen a year ago, citing a drop in housing sales, according to a preliminary earnings statement. The company earlier forecast net income to reach 5 billion yen. It cut its yearend dividend to 3 yen from 8 yen. The stock slid 1.2 percent to 514 yen.
Shinsei Bank Ltd. (8303 JT): Shinsei and Aozora Bank Ltd. declined to deny a Nikkei newspaper report that they are in talks to combine operations next year. The Tokyo-based banks plan to form a holding company in the middle of 2010, leading toward a full merger, Nikkei reported. Shinsei rose 0.8 percent to 124 yen, while Aozora gained 1.7 percent to 118 yen.
Shiseido Co. (4911 JT): The cosmetics maker plans to expand its China retail network to 4,000 stores by adding about 700 outlets this fiscal year, Nikkei said. The stock dropped 1.1 percent to 1,512 yen.
Sumitomo Mitsui Financial Group Inc. (8316 JT): Citigroup Inc. may sell its Japanese retail brokerage to the bank, two people with knowledge of the matter said. Citigroup selected Sumitomo Mitsui as the preferred buyer for Nikko Cordial Securities Inc. after it bid about 500 billion yen ($5 billion), said the people. The stock rose 4.6 percent to 3,090 yen.
Takara Bio Inc. (4974 JT): The biopharmaceutical company had 642 million yen in full-year net income, beating its outlook of 250 million yen, citing lower costs for administration and development, it said in a preliminary earnings statement. The stock jumped 5.7 percent to 230,000 yen.
Toho Co. (9602 JT): The movie distributor forecast its full-year net income will jump to 6.9 billion yen in the year started March 1 from 2.29 billion yen in the year just ended. The company posted a 69 percent plunge in profit, citing charges to write down the value of securities. The stock dropped 1.9 percent to 1,324 yen.
Tokyo Steel Manufacturing Co. (5423 JT): Japan’s biggest electric-arc furnace mill forecast profit will slump 95 percent this fiscal year as the recession saps demand. Net income will probably decline to 1.5 billion yen for the 12 months ending March 2010, from 32.3 billion yen a year earlier, the company said in a statement. Sales are forecast to decline 52 percent to 133 billion yen, it said. The stock lost 2.5 percent to 1,117 yen.
Toyota Boshoku Corp. (3116 JT): Kawashima Selkon Textile Co. (3009 JT), Toyota Tsusho Corp. (8015 JT) and the maker of textile products will merge their automobile fabric businesses in April 2010. The three Japanese companies made the announcement in a joint press release. Toyota Boshoku added 0.9 percent to 1,184 yen. Kawashima Selkon jumped 5.7 percent to 93 yen. Toyota Tsusho declined 3.4 percent to 1,150 yen.
Toyota Motor Corp. (7203 JT): The carmaker will increase monthly production of its revamped Prius by 20 percent from June to 50,000 units, after receiving more orders than expected for the hybrid car, the Nikkei newspaper reported. The stock fell 2.1 percent to 3,810 yen.
Ushio Inc. (6925 JT): The maker of lamps and optical equipment said in a preliminary earnings statement full-year net income was 3.5 billion yen, missing its outlook of a 6.5 billion yen profit, citing charges related to deferred-tax assets. The stock slid 1.3 percent to 1,265 yen.
To contact the reporters on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net; Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.
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