The following companies may have unusual price changes in Japanese trading today. 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.
Acom Co. (8572 JT): Japan’s largest consumer lender by market value had its credit rating cut to the lowest investment grade level by Moody’s Investors Service, which cited concern the company’s business model may no longer be profitable. Acom retreated 2.3 percent to 1,179 yen.
ABC-Mart Inc. (2670 JT): The shoe retailer said same-store sales in May rose 0.2 percent from a year earlier, less than the previous month’s 3.6 percent advance. The number of customers at existing stores jumped 8.6 percent in May, while sales per customer plunged by 7.7 percent, ABC-Mart said in a release. The stock slid 0.2 percent to 3,265 yen.
Bals Corp. (2738 JT): The home-furnishing retailer said its same-store sales in May declined 5 percent from a year earlier. The stock slumped 2 percent to 109,500 yen.
Fast Retailing Co. (9983 JT): Japan’s largest clothing retailer said domestic sales at its Uniqlo casual clothing chain rose 3.1 percent in May from a year earlier. The stock sank 1.5 percent to 12,440 yen.
First Juken Co. (8917 JO): The homebuilder and property developer said in a preliminary earnings statement first-half net income amounted to 1.05 billion yen, 28 percent more than its forecast, citing lower construction costs. The stock retreated 1 percent to 685 yen.
Honda Motor Co. (7267 JT): Japan’s second-largest carmaker reopened a parts plant in China as most workers ended a walkout that shut all of the company’s production in the country. Also, Honda Motor said May U.S. sales of its Honda and Acura brands rose 19 percent. The stock dropped 1.9 percent to 2,713 yen.
Ito En Ltd. (2593 JT): The maker of green tea said full- year net income gained 26 percent to 6 billion yen on lower costs. The company expects a 3.4 percent increase in profit this fiscal year. The stock slumped 1.1 percent to 1,305 yen.
Itochu Corp. (8001 JT): The trading house and General Electric Co. (GE US) have entered a partnership involving renewable energy operations, such as wind and solar power, Nikkei English News reported. Itochu sank 3.4 percent to 719 yen.
Nippon Steel Corp. (5401 JT) and Toyota Motor Corp. (7203 JT): The companies are in the last phases of negotiations that will probably lead to a 25 percent steel-price increase for the April-to-September period, Nikkei English News reported. Nippon Steel lost 2.2 percent to 313 yen.
Nissen Holdings Co. (8248 JO): The mail-order business operator said sales in the month ended May 20 fell 2.4 percent on a parent basis as bad weather in late April discouraged customers from ordering products in its summer catalog. The stock rose 0.3 percent to 331 yen.
Panasonic Corp. (6752 JT): The electronics maker said it will begin selling the world’s lightest convertible tablet notebook PC in Japan on June 25, Nikkei English News reported. The stock fell 2.1 percent to 1,145 yen.
Round One Corp. (4680 JT): The bowling-alley operator said it plans to raise as much as 8.69 billion yen in a public share sale to overseas investors. The stock declined 4.2 percent to 569 yen.
Senshu Electric Co. (9824 JT): The distributor of cable and wire products reported first-half net income of 432 million yen from a net loss a year earlier as sales grew. The stock advanced 2.2 percent to 882 yen.
Sony Corp. (6758 JT): The electronics maker said it’s realigning its Blu-ray Disc and DVD products businesses to strengthen competitiveness. The stock lost 2.8 percent to 2,711 yen.
Sumitomo Electric Industries Ltd. (5802 JT): The electric- wire maker plans to start a 50-50 joint venture in China to make fiber-optic parts, Nikkei English News reported. The stock slipped 0.8 percent to 1,063 yen.
Takefuji Corp. (8564 JT): Japan’s third-largest consumer lender said it will redeem 41.4 billion yen of 1.5 percent convertible bonds on June 19. The stock slipped 2.2 percent to 270 yen.
Tokyo Rakutenchi Co. (8842 JT): The real-estate company said first-quarter net income fell 36 percent to 204 million yen on a 10 percent drop in sales. The stock slid 0.3 percent 345 yen.
Toyota Motor Corp. (7203 JT): The world’s largest carmaker said its May U.S. vehicle sales of its Toyota, Lexus and Scion brands rose 6.7 percent. Toyota slid 0.9 percent to 3,235 yen.
United Arrows Ltd. (7606 JT): The apparel chain said same- store sales in May rose 4.9 percent, buoyed by a 6.7 percent gain in customer traffic. The stock increased 1.5 percent to 1,080 yen.
Yaskawa Electric Corp. (6506 JT): The maker of servomotors and controllers said it will set up a new company in India to meet increasing demand in the country. The stock dropped 1.1 percent to 701 yen.