By Norie Kuboyama and Kana Nishizawa
Nov. 15 (Bloomberg) -- The following companies may have unusual price changes in Japanese trading on Nov. 16. Stock symbols are in parentheses, and share prices are as of the previous close. The information in each item was released after markets closed, unless stated otherwise.
Dai Nippon Printing Co. (7912 JT): The printing company said first-half net income declined 52 percent to 7.92 billion yen ($87.8 million), as sales slipped by 4.1 percent. The profit beat the company’s forecast by 5.7 percent. The stock dropped 0.5 percent to 1,099.
Edion Corp. (2730 JT): The electronics retail chain said first-half net income climbed to 3.13 billion yen, from 55 million yen a year earlier, and boosted its full-year profit forecast to 7 billion yen. The stock rose 1 percent to 744 yen.
GS Yuasa Corp. (6674 JT): The battery maker swung to a first-half net loss of 1.67 billion yen from 2.51 billion yen profit a year earlier, as sales fell by 24 percent. The stock lost 1.4 percent to 733 yen.
Honda Motor Co. (7267 JT): Japan’s No. 2 automaker will move motorcycle production in Spain to Italy as it overhauls motorcycle operations in Europe to cope with falling demand, the Nikkei newspaper reported. The stock fell 0.2 percent to 2,900 yen.
Hitachi Ltd. (6501 JT): The electronics maker may raise as much as 400 billion yen through the sale of new stock and convertible bonds, Reuters reported, citing people familiar with the situation. The stock fell 0.7 percent to 294 yen.
Idemitsu Kosan Co. (5019 JT): Japan’s second-biggest oil refiner said it will acquire Petro Summit Investment, a U.K. oil development company, from Sumitomo Corp. (8053 JT). Petro Summit has stakes in North Sea oil fields. Idemitsu rose 1.6 percent to 6,180 yen. Sumitomo added 0.1 percent to 873 yen.
Japan Airlines Corp. (9205 JT): Asia’s biggest carrier by sales scrapped earnings forecasts and said it would seek out-of- court agreements to halt debt payments as it battles to avoid collapse. The carrier cited restructuring talks after a first- half loss of 131.2 billion yen. It previously predicted a 63 billion yen loss in the year ending March, its fourth unprofitable year in five. It dropped 0.9 percent to 106 yen.
Marui Group Co. (8252 JT): The department store chain and consumer lender said first-half net income fell 62 percent to 548 million yen, with a 7.7 percent drop in sales. The stock fell 2 percent to 504 yen.
Matsumotokiyoshi Holdings Co. (3088 JT): Japan’s largest drugstore operator said first-half net income rose 39 percent to 4.82 billion yen, citing better control of its advertising costs. The stock lost 1.4 percent to 2,050 yen.
Midoriyakuhin Co. (2718 JQ): Matsumotokiyoshi Holdings Co. will make Midoriyakuhin a wholly owned subsidiary through a tender offer and stock swap, the drugstore operators said in releases. Midoriyakuhin lost 0.9 percent to 108,500 yen.
Misumi Group Inc. (9962 JT): The mail-order distributor of precision-machinery parts said first-half net income plunged 88 percent to 609 million yen on a 40 percent decline in sales. The stock fell 0.1 percent to 1,427 yen.
Mitsubishi UFJ Financial Group Inc. (8306 JT): Japan’s biggest listed bank plans to boost its capital by 1 trillion yen through public offerings of common stock by the yearend, Nikkei English News reported, without saying where it got the information from. The stock declined 0.8 percent to 508 yen.
Mitsui Chemicals Inc. (4183 JT): The chemical company said it will raise as much as 64.3 billion yen in a sale of new shares. The firm will use the funds to invest in a China affiliate and for capital spending. The stock sank 2.8 percent to 280 yen.
Mizuho Financial Group Inc. (8411 JT): Japan’s third- largest bank by market value returned to profit in the second- quarter on gains in stockholdings and lending. The company had net income of 92.3 billion yen in the three months ended Sept. 30, compared with a loss of 38.4 billion yen a year earlier. The stock added 1.7 percent to 179 yen.
Nissan Motor Co. (7201 JT): Chief Executive Officer Carlos Ghosn said U.S. consumer demand for electric vehicles may exceed President Barack Obama’s goal of 1 million plug-in models by 2015. The stock fell 0.2 percent to 661 yen.
Nomura Holdings Inc. (8604 JT): Nomura Asset Management Co., the unlisted asset management unit of Japan’s biggest brokerage, got approval from regulators to use commodity futures for mutual funds, the Nikkei newspaper reported. Nomura Holdings rose 0.2 percent to 633 yen.
OSG Corp. (6136 JT): The maker of machine tools widened its full-year net loss estimate to 4 billion yen from 3.4 billion yen, as it takes a charge related to software development. The stock slipped 1.2 percent to 841 yen.
Resona Holdings Inc. (8308 JT): Japan’s fourth-largest bank by market value said net income fell to 85.6 billion yen in the first half ended Sept. 30, compared with 86.4 billion yen a year earlier, as lending profit and one-time gains declined. The stock rose 2 percent to 1,030 yen.
Sanyo Electric Co. (6764 JP): The company will launch compact lithium battery systems in March 2010, the Nikkei newspaper said. It plans to almost double its capacity to produce solar panels in Europe next year to meet demand there and in Japan. The stock gained 3 percent to 171 yen.
Shizuoka Bank Ltd. (8355 JT): The regional bank said first- half net income rose 49 percent to 17.5 billion yen. The company lifted its full-year profit forecast 2.3 percent to 30.8 billion yen. The stock fell 0.4 percent to 866 yen.
Sony Corp. (6758 JT): The electronics maker plans to eliminate 250 jobs at its information devices unit, as part of its efforts to reduce costs. The company will close down a factory in Miyagi Prefecture making magnetic heads and transfer some of its touch-panel production to China, it said in a statement. The stock fell 0.2 percent to 2,550 yen.
Sumitomo Mitsui Financial Group Inc. (8316 JT): Japan’s second-biggest bank by market value more than doubled second- quarter profit as bad loan charges declined. Net income at the Tokyo-based company rose to 50.8 billion yen in the three months ended Sept. 30 from 25.2 billion yen a year earlier. The median of six estimates from analysts surveyed by Bloomberg was for profit of 53.5 billion yen for the three months. The stock rose 0.6 percent to 3,240 yen.
Taiyo Nippon Sanso Corp. (4091 JT): The industrial-gas producer said first-half net income dropped 31 percent to 6.83 billion yen, with a 20 percent fall in sales. The profit was 24 percent more than the company’s 5.5 billion yen projection. The stock retreated 2.2 percent to 940 yen.
TonenGeneral Sekiyu K.K. (5012 JT): The Japanese unit of Exxon Mobil Corp. (XOM US) widened its full-year net loss forecast to 17 billion yen from 5 billion yen, citing lower- than-expected margins for petroleum products. The stock slid 0.4 percent to 801.
Towa Corp. (6315 JO): The maker of semiconductor manufacturing equipment reversed its full-year forecast to a net loss of 700 million yen from 100 million yen profit, citing strong price competition and inventory reductions in the first half. The stock rose 1.6 percent to 575 yen.
Toyota Motor Corp. (7203 JP): The automaker is recalling more than 4 million vehicles in the U.S. to repair their gas pedals, Nikkei English News said. The recall comes after a fatal accident in August when the accelerator of a Lexus model got stuck to the floor mat. The stock fell 0.3 percent to 3,510 yen.
To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net
Last Updated: November 15, 2009 03:14 EST
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