Honda, Mizuho, Nippon Sheet Glass, NTT, Yokogawa Electric: Equity Preview
The following companies may have unusual price changes in Japanese trading on May 17. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut, unless stated otherwise.
Credit Saison Co. (8253 JT): The consumer-credit company had net income of 18.7 billion yen in the year ended March 31 from a net loss a year earlier. It expects profit to fall 52 percent this fiscal year. The stock slid 1.9 percent to 1,309 yen.
Dai Nippon Printing Co. (7912 JT): The printing company said it expects net income to advance 40 percent to 32.5 billion yen this fiscal year. The stock dropped 2.2 percent to 1,218 yen.
Geo Corp. (2681 JT): The retailer of books and videos said it plans to raise as much as 5.6 billion yen by selling equity warrants to Merrill Lynch Japan Securities Co. Geo rose 0.4 percent to 102,100 yen.
Honda Motor Co. (7267 JT): Japan’s second-largest carmaker said it will spend as much as 10 billion yen to buy back shares. The stock slipped 2 percent to 3,015 yen.
Mizuho Financial Group Inc. (8411 JT): Japan’s third- largest bank by market value returned to profit in the fiscal year through March and said it plans to sell as much as 800 billion yen of shares to raise capital. The stock was unchanged at 165 yen.
Nippon Sheet Glass Co. (5202 JT): The glassmaker’s full- year net loss widened to 41.3 billion yen from 28.4 billion yen a year earlier on a 20 percent drop in sales. It expects the loss to narrow to 4 billion yen this fiscal year. The stock rose 0.4 percent to 278 yen.
Nippon Telegraph & Telephone Corp. (9432 JT): Japan’s largest phone company will cancel 250.9 million treasury shares. Half of the shares will be canceled in the current fiscal year, and the remainder in the following year, the company said in a release. The stock retreated 0.8 percent to 3,725 yen.
Osaki Electric Co. (6644 JP): The power-meter maker will double output capacity for smart-grid electric meters by building a 2 billion yen production line, the Nikkei newspaper reported, without citing anyone. The stock fell 1.4 percent to 786 yen.
Resona Holdings Inc. (8308 JT): The bank posted a 6.7 percent increase in net income to 132.2 billion yen in the year ended March 31, helped by gains from shareholdings and a decline in costs for bad loans. The stock slumped 2.1 percent to 1,095 yen.
Sega Sammy Holdings Inc. (6460 JT): The video-game maker had full-year net income of 20.3 billion yen following a net loss a year earlier. The company forecast profit will rise 8.5 percent this fiscal year. The stock rose 0.9 percent to 1,172 yen.
Sumitomo Electric Industries Ltd. (5802 JT): The maker of electric wire forecast net income will more than double to 60 billion yen this fiscal year with rising sales. The stock slid 1.6 percent to 1,104 yen.
Taiyo Nippon Sanso Corp. (4091 JT): The industrial-gas producer said full-year net income fell 4.7 percent to 15.7 billion yen as sales declined. It expects profit to rise to 17 billion yen this fiscal year on a sales recovery. The stock lost 1.7 percent to 808 yen.
Tokyo Energy & Systems Inc. (1945 JT): Tokyo Electric Power Co. (9501 JT), Asia’s biggest utility, said it will raise its stake in the plant-facility contractor to 24 percent from 5.6 percent. Tokyo Energy fell 1.9 percent to 631 yen. Tokyo Electric fell 0.7 percent to 2,301 yen.
TonenGeneral Sekiyu K.K. (5012 JT): The unit of Exxon Mobil Corp. (XOM US) said first-quarter net income more than quadrupled to 31.6 billion yen from 7.66 billion yen a year earlier, with sales growth. The stock declined 0.7 percent to 812 yen.
Yokogawa Electric Corp. (6841 JT): The maker of electronic measuring tools said it expects to break even this fiscal year after booking net loss of 14.8 billion yen in the year ended March 31. The stock dropped 2.7 percent to 721 yen.
Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.