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Coca-Cola West, JFE, Kao, Nomura, Sharp, NTT Data: 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 marketsshut, unless stated otherwise.
Canon Marketing Japan Inc. (8060 JT): The company, which distributes all of Canon Inc.’s (7751 JT) products, said half- year net income was 1.33 billion yen, compared with a lossof 4.58 billion yen a year earlier. Canon Marketing gained 1.6 percent to 1,305 yen. Canon shares increased 2.5 percent to 3,530 yen.
Coca-Cola West Co. (2579 JT): The soft-drink maker’s half- year net income rose to 810 million yen, compared with its previous forecast of a 1 billion yen loss, the company said in a preliminary earnings statement. The shares increased 0.4 percent to 1,542 yen.
JFE Holdings Inc. (5411 JT): Japan’s second-largest steelmaker may announce plans to invest about $1 billion in India’s JSW Steel Ltd. (JSTL IN) as soon as today, said two people with direct knowledge of the deal, declining to be identified before a public announcement. The stock increased 1.6 percent to 2,724 yen.
J.Front Retailing Co. (3086 JT): The holding company for Daimaru and Matsuzakaya department stores said it will start a consulting company, JFR Consulting, to help firms seeking to shed expenses, Nikkei English News reported without saying where it obtained the information. The shares gained 1.5 percent to 401 yen.
Kabu.com Securities Co. (8703 JT): The online brokerage’s net income for the quarter ended June 30 slipped 1.6 percent from a year earlier to 1.04 billion yen on a parent basis. The shares declined 1 percent to 403 yen.
Kao Corp. (4452 JT): The toiletry maker said net income for the quarter ended June 30 rose 5.7 percent to 12.5 billion yen, boosted by an increase in sales. The shares climbed 0.9 percent to 2,088 yen.
Kirin Holdings Co. (2503 JT): Japan’s largest beverage maker’s half-year net income was 26 billion yen, lower than its previous forecast of 28 billion yen, the company said in a preliminary earnings statement. The beverage maker also agreed to pay S$1.34 billion for Temasek Holdings Pte’s 14.7 percent holding in Fraser & Neave Ltd. (FNN SP) as Japan’s largest brewer seeks growth overseas, the beermaker said. Kirin increased 0.2 percent to 1,152 yen.
Koito Manufacturing Co. (7276 JT): The auto-parts company raised its half-year net income forecast for the period ending Sept. 30 to 5.5 billion yen, compared to its previous outlook of 3.5 billion yen. The shares jumped 4.1 percent to 1,374 yen.
Nippon Electric Glass Co. (5214 JT): The glassmaker said net income for the quarter ended June 30 was 24.7 billion yen, compared with 832 million yen a year earlier. Sales jumped 70 percent to 106 billion yen. The stock advanced 3 percent to 1,116.
Nippon Sharyo Ltd. (7102 JT): Japan’s biggest maker of high-speed trains said net income for the quarter ended June 30 was 855 million yen, 51 percent more than a year earlier. The company forecast full-year net income will be 3.4 billion yen, 10 percent lower than the previous year. The shares increased 2.3 percent to 359 yen.
Nissan Motor Co. (7201 JT): The automaker plans to invest about $600 million in Mexico to refurbish existing factories for building three new low-cost subcompacts, including the March hatchback, Nikkei English News reported, without citing anyone. The stock climbed 0.6 percent to 629 yen.
Nissen Holdings Co. (8248 JO): The mail-order business operator said it turned to a net income profit of 1.49 billion yen for the half-year ended June 20 from a loss of 133 million yen. The shares climbed 1.3 percent to 302 yen.
Nomura Holdings Inc. (8604 JT): Japan’s biggest brokerage may report its first loss in five quarters this week on a slump in trading and investment banking earnings, according to the average of four estimates in a survey by Bloomberg News. The stock was unchanged at 469 yen.
NTT Data Corp. (9613 JT): The unit of Nippon Telegraph & Telephone Corp. (9432 JT) may report an operating profit of 15 billion yen ($172.6 million) for the April-June quarter, a 10 percent decline from a year ago, Nikkei English News reported, without saying where it obtained the information. NTT Data climbed 0.2 percent to 317,000 yen. Nippon Telegraph & Telephone sank 0.3 percent to 3,610 yen.
Sapporo Holdings Ltd. (2501 JT): The beverage maker’s first-half net loss was about 600 million yen, narrower than its 2 billion yen loss forecast on domestic marketing efficiencies and manufacturing cost cuts, the company said in preliminary earnings statement. The shares climbed 0.3 percent to 401 yen.
Seiko Epson Corp. (6724 JT): The maker of printers may have posted its first group operating profit in two years in the quarter ended in June because of increased demand for printers and electronic parts, Nikkei English News reported, without saying where it got the information. The stock gained 1.3 percent to 1,107 yen.
Sharp Corp. (6753 JT): Japan’s largest maker of liquid- crystal displays is increasing investments in solar energy and wants to expand its panel production in Wales by 30 percent, Financial Times Deutschland reported, citing an interview with Hiroshi Sasaoka, chief of European operations. The stock increased 0.2 percent to 948 yen.
Sumitomo Metal Mining Co. (5713 JT): The Japanese mining company and BHP Billiton Ltd. have settled mid-year processing fees to turn ore into refined metal, a Sumitomo official said. The stock rose 1.4 percent to 1,146 yen.
Sumitomo Mitsui Financial Group Inc. (8316 JT): Nikko Cordial Securities Inc., the investment-banking unit of Sumitomo Mitsui, said first-quarter profit rose 24 percent on higher commissions and trading activity. Sumitomo Mitsui slipped 0.1 percent to 2,517 yen.
To contact the reporter on this story: Anna Kitanaka in Tokyo at akitanaka@bloomberg.net
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