Breaking News

Vimpelcom Agrees to Sell 51% of Djezzy to Algeria for $2.64 Billion
Tweet TWEET

CSK, MS&AD Holdings, Sony Financial, Sparx, T&D, Ulvac: 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.

Asahi Breweries Ltd. (2502 JT): Japan’s second-largest beermaker’s operations in China will be profitable in fiscal 2011, Nikkei English News reported, citing an interview with company President Naoki Izumiya. The stock fell 1.2 percent to 1,572 yen.

CSK Holdings Corp. (9737 JT): The computer-services company said its first-quarter net loss narrowed to 8.33 billion yen ($97.2 million) from a year earlier, while sales declined 22 percent. The stock fell 3.8 percent to 328 yen.

Japan Logistics Fund Inc. (8967 JT): The real-estate- investment trust plans to raise as much as 10.9 billion yen by selling shares to the public, according to a filing with the nation’s finance ministry. Separately, the company raised its net income forecast for the period between Aug. 1 to Jan. 31, 2011, by 13 percent to 2.55 billion yen. The stock sank 0.9 percent to 659,000 yen.

Kenedix Inc. (4321 JT): The property investor had a first- half net loss of 535 million yen, compared with a loss of 8.84 billion yen a year earlier. The stock rose 1.1 percent to 14,550 yen.

MS&AD Insurance Group Holdings Inc. (8725 JT): The insurance company said it plans to buy back up to 1.1 percent of its shares. Separately, the company said first-quarter net income rose 29 percent to 41.4 billion yen from a year earlier. The stock fell 1.7 percent to 1,909 yen.

Nissin Healthcare Food Service Co. (4315 JQ): The catering company said it will be bought out by a unit of Watakyu Seimoa Corp. for 1,740 yen a share. Nissin Healthcare declined 0.3 percent to 1,150 yen.

Sony Financial Holdings Inc. (8729 JT): The insurance and banking unit of Sony Corp. (6758 JT) said first-quarter net income fell 17 percent from a year earlier to 10.4 billion yen. Sony Financial retreated 1.9 percent to 297,700 yen.

Sparx Group Co. (8739 JQ): The hedge-fund manager said its first-quarter net loss widened to 707 million yen. The stock declined 0.1 percent to 8,000 yen.

T&D Holdings Inc. (8795 JT): The life insurer said its first-quarter net income rose 30 percent from a year earlier to 14.1 billion yen. The stock slid 3.4 percent to 1,777 yen.

Toshiba Corp. (6502 JT): The world’s second-biggest maker of flash memory plans to reduce procurement costs by 1 trillion yen over three years by seeking suppliers in India, China, Vietnam, and other countries, the Nikkei newspaper said. The stock slid 0.7 percent to 421 yen.

Toyota Motor Corp. (7203 JT), Nissan Motor Co. (7201 JT): The automakers said they shut their plants in South Africa yesterday after workers went on strike. Toyota said it will lose production of 520 vehicles a day, while Nissan said its output will be cut by 220 vehicles a day.

Toyota gained 0.3 percent to 3,030 yen. Nissan rose 0.2 percent to 639 yen.

Ulvac Inc. (6728 JT): The maker of liquid-crystal-display and solar panels said its full-year net income was 2.14 billion yen, compared with 811 million yen a year earlier. Sales fell 0.9 percent. The stock slid 2.7 percent to 1,525 yen.

To contact the reporter on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net; To contact the reporter for this story: Monami Yui in Tokyo at myui1@bloomberg.net.

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.