Japan Wind Set to Fall as Tokyo Bourse May Place Stock on Monitoring Post

Japan Wind Development Co. shares were untraded and poised to fall after the wind-power developer said it will be placed on a so-called monitoring post by the Tokyo Stock Exchange.

The shares were offered at 167,600 yen as of 9:17 a.m. in pre-market trading, lower than yesterday’s close of 183,600 yen.

The company is likely to fail to meet a TSE deadline to file its earnings auditing report because it changed its auditor, it said in a filing after markets closed yesterday.

To contact the reporter on this story: Tsuyoshi Inajima in Tokyo at tinajima@bloomberg.net

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