Ain Pharmaciez, Astellas, Furuno, Mitsubishi Heavy, Suzuki: Equity Preview
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.
Ain Pharmaciez Inc. (9627 JT): The drugstore operator said it expects net income to rise 22 percent to 3.82 billion yen ($41.3 million) this fiscal year, with growing sales. The stock gained 4.6 percent to 3,435 yen.
Astellas Pharma Inc. (4503 JT): Japan’s second-largest drugmaker said it acquired 87 percent of OSI Pharmaceuticals Inc. (OSIP US). Astellas rose 1.2 percent to 2,947 yen.
Bit-isle Inc. (3811 JX): The Internet data center operator said nine-month net income jumped 72 percent to 411 million yen, as sales gained by a quarter. The stock rallied 6.8 percent to 92,700 yen.
Fuji Heavy Industries Ltd. (7270 JT): The automaker, which produces Subaru cars, may report a record operating profit of about 45 billion yen ($487 million) in North America, Nikkei English News reported, without saying how it got the information. The stock jumped 6 percent to 529 yen.
Furuno Electric Co. (6814 JO): The marine-equipment maker will buy Rico (Pte) Ltd., a Singapore-based sales agent of marine electronics equipment, Furuno said in a release. Furuno rose 1.8 percent to 465 yen.
Honda Motor Co. (7267 JT): Japan’s second largest carmaker will restart most car production in China today after workers ended a walkout at a parts plant, the company said. The stock increased 4.3 percent to 2,829 yen.
Japan Drilling Co. (1606 JT): The offshore drilling contractor signed a contract with Daewoo International Corp. (047050 KS) of South Korea to do excavation work at Sittway offshore in Myanmar. The order is estimated at about 3.8 billion yen, Japan Drilling said in a release. Japan Drilling rose 0.2 percent to 3,280 yen.
Kourakuen Corp. (7554 JT): The noodle shop operator said May sales at its 392 direct-run restaurants open at least 13 months fell 0.3 percent from the same month a year earlier, dragged down by a drop in sales per customer. The sales last month fell, reversing from the previous month’s 1.6 percent gain. The stock rose 1.2 percent to 1,229 yen.
Mitsubishi Corp. (8058 JT): The trading company is considering mining lithium, which is used in electric-car batteries, in Argentina, the Asahi newspaper reported, citing the Tokyo-based trading house. The stock climbed 1.4 percent to 1,982 yen.
Mitsubishi Heavy Industries Ltd. (7011 JT): Japan’s biggest heavy-machinery maker moved forward a 600 billion-yen nuclear sales target to 2014 from 2018 because of growing demand in the Middle East, northern Europe and the U.S, Executive Vice President Akira Sawa said in Tokyo. The stock gained 3 percent to 339 yen.
Pigeon Corp. (7956 JT): The maker of baby-care products said first-quarter net income advanced to 464 million yen from 358 million yen a year earlier, helped by lower materials costs. The stock increased 0.7 percent to 3,020 yen.
Sagami Chain Co. (9900 JT): The noodle restaurant chain said its first-quarter net loss widened to 483 million yen from a year earlier, as sales dropped by 14 percent. The stock advanced 2.4 percent to 559 yen.
Sumitomo Seika Chemicals Co. (4008 JT): The chemical- products maker aims to generate sales of 100 billion yen for 2015, 77 percent higher than sales in 2009, Sumitomo Seika said in a mid-term management statement. The stock rose 1.9 percent to 318 yen.
Suzuki Motor Corp. (7269 JT): The automaker said it plans to raise about 6.39 billion yen from a sale of shares to Volkswagen AG (VOW GR). Suzuki gained 3.6 percent to 1,893 yen.