The following is a list of companies whose shares are moving in Japanese markets today. Prices are as of the 11 a.m. morning close.
FamilyMart Co. (8028) rallied 170 yen, or 5.2 percent, to 3,460. The convenience store chain's nine-month net income rose 9.6 percent to 14.7 billion yen ($134.5 million), with a 6.9 percent rise in revenue, it said in a release two hours before the market closed yesterday.
Fuji Seiko Ltd. (6142) plunged 50 yen, or 10 percent, to 450, the lowest since Dec. 24, 2004. The super-hard tools maker cut its full-year net income forecast 16 percent to 600 million yen, citing more-than-expected production outsourcing costs and inventory costs in the U.S. subsidiaries.
Itoki Corp. (7972) tumbled 58 yen, or 9.3 percent, to 567, its biggest decline since Sept. 12, 2001. The office furniture maker said it notified the transport ministry last month that it had sold 12 wall materials that didn't meet fire-proof standards.
Izumiya Co. (8266) plummeted 81 yen, or 13 percent, to 530, the lowest since Feb. 10, 2004. The supermarket operator cut its full-year net income forecast 32 percent to 1.9 billion yen, citing sluggish sales of its clothing and home furnishings due to July's low temperatures and relatively warm weather from September through November.
JGC Corp. (1963) added 30 yen, or 1.6 percent, to 1,894. The plant engineering company will establish this spring a wholly owned Saudi Arabian subsidiary to design and construct petroleum and natural gas plants, the Nikkei newspaper reported. The company will help the Saudi Arabian government develop its petrochemical industry initially with about 100 workers, increasing the number to about 400, the report said.
Lawson Inc. (2651) gained 210 yen, or 5.7 percent, to 3,920, its biggest advance since March 10, 2004. Japan's second-largest convenience store operator said nine-month net income rose 7.4 percent to 18.9 billion yen. Sales increased 6.9 percent to 228 billion yen as it added 88 outlets from the year earlier.
Nichi-iko Pharmaceutical Co. (4541 JO) advanced 105 yen, or 4.3 percent, to 2,570. The prescription drugmaker was rated ``buy'' in new coverage by Kyoko Sato, a Tokyo-based analyst at Goldman, Sachs & Co.
Rakuten Inc. (4755) rose 900 yen, or 1.7 percent, to 53,000. The retailing internet portal operator will create Web sites for shoppers in more than 20 countries, the Nikkei newspaper reported, citing Hiroshi Mikitani, the chairman and president of the Tokyo-based company.
Ryohin Keikaku Co. (7453) added 210 yen, or 3.3 percent, to 6,520. The retailer of Muji-brand goods said nine-month net income rose 16 percent to 8.9 billion yen, with a 5.4 percent rise in revenue.
Saizeriya Co. (7581) declined 95 yen, or 6.3 percent, to 1,407, the biggest drop since May 10 2004. The Italian restaurant chain said first-quarter net income fell 10 percent to 653 million yen, citing lower same-store sales and higher administration costs. Saizeriya was cut to ``market perform'' from ``outperform'' by Katsumi Arai, an analyst at Mitsubishi UFJ Securities Co.
Sharp Corp. (6753) rose 28 yen, or 1.5 percent, to 1,906. Japan's biggest maker of liquid-crystal display televisions said it will speed up its production schedule at a factory in western Japan amid an industry shortage. The company plans to raise the output to 90,000 LCDs a month at the plant in Kameyama, Mie Prefecture, by July, from 60,000 currently, Sharp said in a statement.
Toyama Chemical Co. (4518 JT) climbed 55 yen, or 8.3 percent, to 722. The drugmaker's experimental influenza medicine advanced to the second of three stages of patient studies, moving Toyama closer to developing a new antiviral drug that may help bird flu patients. The candidate, known as T-705, entered the mid-phase of clinical trials in Japan, Toyama said in a statement.
Yamane Medical Co. (2144 JX) shares surged by its upper limit of 40,000 yen, or 19 percent, to 250,000. The day-care service provider said it will split its stock 5-for-1.
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