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.
Able Chintai Holdings Inc. (3272 JQ): The provider of brokerage and management services for real estate will spend as much as 2.3 billion yen ($27.7 million) to buy back up to 6.65 percent of its outstanding shares. The stock sank 0.8 percent to 387 yen.
Fujitsu Ltd. (6702 JT): The communication equipment maker plans to start selling smartphones in China and India next year and targets sales of 10 million mobile phones by 2012, the Nikkei newspaper reported. The stock rose 0.5 percent to 567 yen.
Hino Motors Ltd. (7205 JT): The truck maker will acquire land in Ibaraki, Japan, for 5.97 billion yen to build a factory. The stock dipped 0.5 percent to 447 yen.
Ministop Co. (9946 JT): The convenience-store operator increased its full-year net income forecast by 38 percent to 3.3 billion yen. The stock was unchanged at 1,286 yen.
Mitsubishi Motors Corp. (7211 JT): The automaker will as early as next spring sell cars manufactured by Suzuki Motor Corp. (7269 JT) under its own brand in an original equipment manufacturer tie-up, the Yomiuri newspaper reported, without citing anyone. Mitsubishi Motors declined 2.4 percent to 120 yen. Suzuki slid 0.7 percent to 2,031 yen.
Mitsui & Co. (8031 JT): The trading company, Rio Tinto Group (RIO LN) and others will invest A$3.78 billion to expand iron-ore export capacity at their venture in Cape Lambert, Australia. Rio Tinto owns 53 percent of the Robe River venture, Mitsui 33 percent and others hold 14 percent, according to a statement on the Japanese company’s website. Mitsui gained 0.7 percent to 1,325 yen.
Nippon Electric Glass Co. (5214 JT): The glassmaker said net income for the nine months ending Dec. 31 will be 58 billion yen. The company earlier said the profit will be between 55 billion yen and 61 billion yen. The stock advanced 2.4 percent to 1,200 yen.
Nishimatsuya Chain Co. (7545 JT): The apparel retailer said same-store sales for the month to Dec. 20 fell 13.1 percent from a year earlier as customer traffic dropped 6.9 percent. The stock slid 0.4 percent to 777 yen.
Nisshinbo Holdings Inc. (3105 JT): The textile maker boosted its full-year forecast for operating profit by 40 percent to 21 billion yen, citing profits from new subsidiaries. The company cut its net income outlook by 17 percent to 10 billion yen because of losses on a sale of shares in affiliate companies. The stock rose 0.2 percent to 929 yen.
Nittetsu Mining Co. (1515 JT): The mining company said it will increase production of copper at its venture in Chile. The stock advanced 1.4 percent to 375 yen.
Okuwa Co. (8217 JO): The supermarket operator said net income for the nine months ended Nov. 20 climbed 44 percent to 1.65 billion yen. The stock slid 0.9 percent to 843 yen.
Oracle Corp. Japan (4716 JT): The software distributor’s revenue for the six months ended Nov. 30 increased 20 percent to 62.2 billion yen on a parent basis. The stock declined 1.2 percent to 3,870 yen.
Sankyo-Tateyama Holdings Inc. (3432 JT): The aluminum-mesh maker’s half-year current profit was about 2.3 billion yen, 28 percent higher than its earlier projection, according to a preliminary earnings statement. The company said it decided not to pay a mid-term dividend. The stock dropped 2.8 percent to 106 yen.
Sanyo Electric Co. (6764 JT): The world’s biggest maker of rechargeable batteries will invest 15 billion yen to raise annual production capacity of lithium ion batteries by 150 percent, the Nikkei newspaper reported. The stock tumbled 5.1 percent to 130 yen.
Sony Corp. (6758 JT): The electronics maker will buy back its chip-making plant in Nagasaki from Toshiba Corp. (6502 JT) for 50 billion yen and will double production capacity of image sensors, the Nikkei reported. Sony fell 1.3 percent to 2,970 yen.
Toshiba Corp. (6502 JT): The electronics maker plans to outsource fabrication of system chips to Samsung Electronics Co. (005930 KS), Nikkei English News reported on a free portion of its website. Toshiba gained 0.5 percent to 438 yen.
TS Tech Co. (7313 JT): The maker of automobile accessories said it will pay a commemorative dividend of 2 yen in addition to the planned yearend dividend of 11 yen. The stock slipped 0.4 percent to 1,577 yen.
To contact the editor responsible for this story: Nick Gentle at email@example.com.