PBOC Says It Adds Short-term Funding to China Money Market
Honda, Isuzu, Kawasaki Heavy, Nissan, Sankyo, Takeda: Japan Equity Preview
The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.
Cookpad Inc. (2193 JT): The operator of a recipe website expects parent full-year profit to rise 25 percent to 707 million yen ($7.7 million) on a sales increase. The company decided to pay a year-end dividend of 5 yen a share, and will split its stock 2-for-1. The stock jumped 4.1 percent to 8,800 yen.
Cybozu Inc. (4776 JT): The developer of Internet software raised its full-year net income forecast 38 percent to 330 million yen, citing lower-than-expected costs and revisions to investment plans. The company increased its planned year-end dividend to 464 yen a share from 69 yen. The stock climbed 3.4 percent to 35,150 yen.
Don Quijote Co. (7532 JT): The discount retailer plans to raise 6 billion yen selling 2.42 million existing shares to overseas investors. The stock rose 3.9 percent to 2,466 yen.
FreeBit Co. (3843 JT): The Internet-services provider forecast full-year profit will drop 41 percent to 600 million yen. It also forecast sales will rise 16 percent. The stock increased 0.8 percent to 312,500 yen.
Hiday Hidaka Corp. (7611 JT): The noodle-shop chain’s operating profit probably rose 64 percent from a year earlier to about 800 million yen in the March-May quarter, Nikkei English News reported. The stock rose 0.4 percent to 1,038 yen.
Honda Motor Co. (7267 JT): The company will import more motorcycle parts to Japan to cut costs, the Nikkei newspaper reported. The stock lost 0.7 percent to 2,606 yen.
Isuzu Motors Ltd. (7202 JT): The automaker will spend as much as 4 billion yen to produce low-cost trucks in Indonesia, the Nikkan Kogyo newspaper reported. The stock rose 1.1 percent to 284 yen.
Kawasaki Heavy Industries Ltd. (7012 JT): The heavy- machinery maker will this year start marketing solar-thermal- power plants, the Nikkei newspaper reported. The stock rose 1.2 percent to 245 yen.
Kobe Steel Ltd. (5406 JT): The steelmaker?may spend 40 billion yen for automotive steel sheet production in the U.S. as demand revives, President Hiroshi Sato said in an interview with Nikkei English News. The stock rose 1.1 percent to 183 yen.
Mercian Corp. (2536 JT): The maker of alcoholic drinks is investigating “improper” business transactions that may have cost it 6.5 billion yen, according to a press release. The stock was unchanged at 173 yen.
Nissan Motor Co. (7201 JT): The carmaker will add a third shift at a production line for sport-utility vehicles at its Sunderland plant in the U.K., raising output 30 percent to about 24,000 units a month, Nikkei English News said today. Also, Nissan Motor’s mainstay automobile division may be debt free in fiscal 2010 for the first time in three years, Nikkei English News reported. The stock rose 1.1 percent to 632 yen.
Round One Corp. (4680 JT): The bowling-alley operator said its same-outlet sales in May declined 10.3 percent from a year earlier. The stock rose 0.4 percent to 526 yen.
Sankyo Co. (6417 JT): The maker of pachinko machines will spend as much as 15 billion yen to repurchase up to 3.1 percent of its shares. The stock rose 0.7 percent to 3,860 yen.
Sanyo Electric Co. (6764 JT): The company plans to begin commercial production of a more efficient solar battery in fiscal 2013, the Nikkei newspaper reported. The stock gained 4.8 percent to 130 yen.
Seven & I Holdings Co. (3382 JT): The retailer?will join with Japanese manufacturers to produce store-brand products in China, Nikkei English News reported. The company also plans to expand to South Korea, Taiwan and Southeast Asia, Nikkei said. The stock climbed 0.5 percent to 2,043 yen.
Takeda Pharmaceutical Co. (4502 JT): Takeda, Astellas Pharma Inc. (4503 JT) and Eisai Co. (4523 JT) will probably post a combined 10 percent drop in overseas sales this year, the Nikkei newspaper reported. Takeda gained 0.7 percent to 3,795 yen, while Astellas rose 1.1 percent to 2,951 yen. Eisai advanced 0.5 percent to 2,937 yen.
Token Corp. (1766 JT): The homebuilder said it expects full-year net income will fall 29 percent to 2.74 billion yen on lower sales. It booked a 22 percent decline in profit for the year ended April 30. The stock was little changed at 2,630 yen.
Tokyo Dome Corp. (9681 JT): The baseball stadium operator posted net income of 41 million yen for the three months ended April 30, compared with a loss of 2.54 billion yen a year earlier. The stock gained 1.7 percent to 235 yen.
Usen Corp. (4842 JX): Kohlberg Kravis Roberts & Co. is in final talks to buy Usen Corp.’s Intelligence Ltd. recruiting firm for about 32 billion yen, Nikkei English News reported. The stock rose 1.8 percent to 58 yen.