The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Ajinomoto Co. (2802 JT): The food product maker’s group tax burden may fall to 36 percent this fiscal year from about 50 percent, Nikkei English News reported. The stock fell 2 percent to 798 yen.
Best Denki Co. (8175 JT): The electronics retailer boosted its full-year net income forecast by 61 percent to 2.4 billion yen ($29.3 million), citing higher demand for air-conditioners and benefits from restructuring measures including the closure of unprofitable stores and job cuts. The stock slid 2.4 percent to 200 yen.
Canon Inc. (7751 JT): The world’s largest camera maker would be comfortable with acquisitions that are larger than its $1 billion purchase of Oce NV, Chief Executive Officer Fujio Mitarai said in an interview in Paris. Also, Canon aims for 5 trillion yen in net sales by 2015, Mitarai said. Canon rose 0.1 percent to 3,835 yen.
Culture Convenience Club Co. (4756 JT) and Tay Two Co. (7610 JQ): Culture Convenience, an operator of video-rental shops in Japan, said it will buy a 14.07 percent stake in Tay Two, which also runs video shops, without providing a purchase price. Culture Convenience lost 3.1 percent to 378 yen. Tay Two slid 0.7 percent to 5,750 yen.
Dena Co. (2432 JT): The social media website operator said it will pay about $400 million for Ngmoco (3541413Z US), a U.S. maker of iPhone applications. The stock dropped 1.6 percent to 2,373 yen.
Disco Corp. (6146 JT): The maker of chip-manufacturing equipment may say operating profit rose more than sixfold from a year earlier to about 6 billion yen in the quarter ended in September, Nikkei English News said. The stock declined 3.8 percent to 4,885 yen.
Elpida Memory Inc. (6665 JT) and Sharp Corp. (6753 JT): The companies will work together to develop a next-generation memory chip to be sold around 2013, Nikkei English News said. Elpida slumped 5.5 percent to 886 yen. Sharp slid 1.9 percent to 824 yen.
J. Front Retailing Co. (3086 JT): The retailer said first- half net income rose 17 percent to 3.67 billion yen. It also raised its full-year profit outlook by 5.4 percent. The stock fell 2.9 percent to 405 yen.
Mitsubishi Electric Corp. (6503 JT): The maker of factory equipment and home appliances will de-list from the Euronext Amsterdam exchange on Nov. 10, the company said in an e-mailed statement. The stock slid 0.8 percent to 755 yen.
Mitsui & Co. (8031 JT): The trading house completed a 68.7 million lev ($48.6 million) expansion of a unit at Bulgaria’s state-run Maritza East 2 power plant to increase output and operational life, the economy ministry said. The stock fell 0.3 percent to 1,326 yen.
Nagase & Co. (8012 JT): The chemical maker said in a preliminary earnings statement that first-half net income amounted to 6.5 billion yen, beating its profit forecast by 41 percent on sales of products used to make liquid crystal displays and semiconductors. The stock declined 1.2 percent to 936 yen.
Nippon Express Co. (9062 JT): The freight company may post a net profit of almost 5 billion yen for the quarter ended last month, missing a forecast of slightly more than 5.1 billion yen because of charges on shareholdings, Nikkei English News said. The stock sank 3.1 percent to 312 yen.
Plenus Co. (9945 JT): The distributor of boxed meals cut its full-year net income outlook by 35 percent to 1.96 billion yen, citing less-than-expected same-store sales. The stock slumped 5.1 percent to 1,255 yen.
Saizeriya Co. (7581 JT): The Italian-food restaurant chain turned to a full-year net income of 7.84 billion yen from a year-earlier loss as sales rose. It expects an 8.2 percent drop in net income to 7.2 billion yen in the current fiscal year. The stock retreated 1.6 percent to 1,566 yen.
Sony Corp. (6758 JT): The world’s third-largest television manufacturer unveiled four Internet-enabled televisions and a Blu-ray DVD player that use Google Inc. (GOOG US) software to let viewers access websites, Web videos, digital pictures and music on a television, according to an e-mailed statement. Sony lost 2.2 percent to 2,586 yen.
Sotetsu Holdings Inc. (9003 JT): The railway operator will sell new shares to the public for 252 yen each to raise as much as 15.2 billion yen. The stock tumbled 7.8 percent to 260 yen.
Sugi Holdings Co. (7649 JT): The drugstore chain said first-half net income rose 49 percent to 3.9 billion yen, with a 2.2 percent increase in sales. The stock slipped 0.2 percent to 1,838 yen.
Takashimaya Co. (8233 JT): The department-store operator said first-half net income almost tripled to 8.36 billion yen from 3.07 billion yen a year earlier. The stock slid 1.3 percent to 694 yen.
Toho Co. (9602 JT): The movie maker said first-half net income rose 28 percent to 7.22 billion yen. The stock dropped 2.9 percent to 1,255 yen.
Tokyo Electric Power Co. (9501 JT): Asia’s biggest utility will sell new shares to the public for 1,843 yen each to raise as much as 446.9 billion yen, according to a filing with Japan’s finance ministry. The stock lost 4.5 percent to 1,900 yen.
Tokyo Steel Manufacturing Co. (5423 JT): The steelmaker had a first-half net loss of 2.5 billion yen, missing its 1 billion yen profit outlook, according to a preliminary earnings statement. The company earned 1.65 billion yen a year earlier. The stock sank 3.7 percent to 974 yen.
Uny Co. (8270 JT): The supermarket operator will form a joint venture with Taiwan’s Ting Hsin Group to open 20 stores in China by 2020, Nikkei English News said. Uny slid 1.9 percent to 708 yen.
To contact the editor responsible for this story: Nick Gentle at firstname.lastname@example.org