Blackberry Posts Loss as Revenue Misses Estimates
Bic Camera, Ichibanya, McDonald's, Oki, Tokyo Electron: Equity Preview
The following companies may have unusual price changes in Japanese trading on July 12. 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.
Bank of the Ryukyus Ltd. (8399 JT): The regional bank will buy back and cancel 1.2 million preferred shares to repay public funds to the Japanese government. The stock slid 0.3 percent to 1,004 yen.
Bic Camera Inc. (3048 JT): The consumer-electronics retailer said operating profit for the nine months ended May 31 jumped 55 percent to 10.8 billion yen ($122 million) as sales rose. The stock advanced 0.8 percent to 36,200 yen.
Chiyoda Co. (8185 JT): The specialty retailer had a 55 percent decline in first-quarter net income to 427 million yen with a drop in sales. The stock slid 0.2 percent to 1,085 yen.
Fast Retailing Co. (9983 JT): The operator of the Uniqlo clothing chain will move product development and production management to China to boost competitiveness in overseas markets, the Nikkei newspaper reported. The stock gained 0.6 percent to 12,800 yen.
?? Fujitsu Ltd. (6702 JT): Japan’s biggest provider of computer services will share data centers worldwide with Microsoft Corp., competing with Google Inc. and companies that sell software and services online, Nikkei English News reported. The stock rose 2.3 percent to 579 yen.
Gulliver International Co. (7599 JT): The used-car dealer doubled its first-half net income forecast to 800 million yen on higher sales. Profit in the three months ended May 31 declined 39 percent to 575 million yen while sales rose. The stock rallied 2.4 percent to 3,845 yen.
Harmonic Drive Systems Inc. (6324 JQ): The maker of precision instruments said sales in the first quarter increased to 4.58 billion yen from 1.05 billion yen a year earlier on a parent basis. The stock slipped 1.4 percent to 380,000 yen.
Ichibanya Co. (7630 JT): The curry-restaurant operator increased the planned yearend dividend to 40 yen a share from 37 yen. The stock fell 0.7 percent to 2,245 yen.
Japan Wool Textile Co. (3201 JT): The textile maker increased its projection for full-year operating profit by 20 percent to 4.2 billion yen. The company separately said it will spend as much as 850 million yen to buy back up to 1.2 percent of its shares. The stock retreated 1.8 percent to 646 yen.
Laox Co. (8202 JT), Apamanshop Holdings Co. (8889 JX): The electronics retailer and the real-estate agent are considering an alliance in home-electronics sales. Laox was unchanged at 104 yen. Apamanshop gained 0.6 percent to 3,620 yen.
Maruetsu Inc. (8178 JT): The supermarket operator booked a net loss of 196 million yen for the three months ended May 31, compared with net income of 2.11 billion yen a year ago. The stock increased 0.9 percent to 322 yen.
McDonald’s Holdings Company (Japan) Ltd. (2702 JQ): The Japanese unit of the world’s biggest restaurant chain said same-store sales in June dropped 1.4 percent as the number of customers fell 2 percent. The stock rose 0.1 percent to 2,020 yen.
Nishi-Nippon City Bank Ltd. (8327 JT): The regional bank will buy back and cancel 35 million preferred shares to repay public funds to the Japanese government. The stock lost 2.2 percent to 264 yen.
Oki Electric Industry Co. (6703 JT): The maker of communications equipment said it will book a charge of 2.41 billion yen because of writedowns on securities. The stock sank 1.3 percent to 76 yen.
Plenus Co. (9945 JT): The distributor of boxed meals cut its half-year net income forecast by 19 percent to 1.27 billion yen, citing writedowns on securities. The company said it plans to buy back up to 2.6 percent of its shares for as much as 2 billion yen. The stock slid 0.4 percent to 1,344 yen.
Round One Corp. (4680 JT): The bowling-alley operator said same-store sales in June dropped 7.2 percent from the same period a year ago. The stock gained 0.7 percent to 458 yen.
Ryohin Keikaku Co. (7453 JT): The operator of the Muji retail chain posted a 26 percent drop in first-quarter net income to 2.18 billion yen. The stock declined 2.8 percent to 3,435 yen.
TDK Corp. (6762 JT): The maker of electronic components including magnetic tape may have group operating profit of more than 18 billion yen for the three months ended June 30 on demand for mobile-phone and computer parts, Nikkei English News reported. The stock rose 1.2 percent to 5,080 yen.
Tokyo Electron Ltd. (8035 JT): The world’s second-largest maker of semiconductor equipment said orders for chip- and flat-panel-manufacturing gear almost tripled last quarter, helped by demand from flash-memory makers in Taiwan. The stock increased 0.3 percent to 4,915 yen.