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.
All Nippon Airways Co. (9202 JT): Asia’s largest listed carrier may add cargo flights to Singapore and Vietnam from its hub on the Pacific island of Okinawa as rising wages stoke intra Asia trade. The stock was unchanged at 305 yen.
Central Japan Railway Co. (9022 JT): Japan’s second-biggest railway operator was cut to “neutral” from “overweight” at JPMorgan Chase & Co. The stock slid 0.9 percent to 684,000 yen.
Elpida Memory Inc. (6665 JT): The world’s third-largest maker of computer memory chips will seek to raise prices of dynamic random access memory chips by 10 percent, the Nikkei newspaper reported, without saying where it obtained the information. The stock advanced 2.5 percent to 1,087 yen.
Hogy Medical Co. (3593 JT): The maker of surgical tools said operating profit for the April-December period increased 7.6 percent compared with a year earlier to 6.72 billion yen ($81 million). The stock declined 1.6 percent to 3,975 yen.
Mitsui Mining & Smelting Co. (5706 JT): Zinc output by Japan’s biggest producer of the refined metal used to galvanize steel may decline in the next fiscal year as it plans to shut its largest smelter for two months of maintenance. The stock gained 0.4 percent to 269 yen.
Nippon Steel Corp. (5401 JT), JFE Holdings Inc. (5411 JT): Japan’s biggest steelmakers may miss their earnings forecasts for the year through March 31 because of increasing material costs, the Nikkei newspaper said. Nippon Steel was unchanged at 297 yen. JFE fell 1.3 percent to 2,827 yen.
Oki Electric Industry Co. (6703 JT): The maker of communications equipment said it will replace electric adapters on the RT-200KI model of router it made and which are supplied by Nippon Telegraph & Telephone Corp. (9432 JT) because of a possible fire hazard. Oki Electric dropped 1.4 percent to 70 yen. NTT slipped 0.1 percent to 3,745 yen.
Orix Corp. (8591 JT): The financial services firm that cut its dividend by 71 percent in the wake of the credit crisis is targeting a 10 percent return on equity in three years and a gradual increase in payments to shareholders, according to Chairman Yoshihiko Miyauchi. The stock slipped 0.6 percent to 8,200 yen.
Park24 Co. (4666 JT): The parking-lot operator said sales rose 10.7 percent to 8.32 billion yen in December from the same month a year earlier on a parent basis. The stock gained 0.1 percent to 864 yen.
Penta-Ocean Construction Co. (1893 JT): The general contractor will sell new shares for 124 yen each to raise as much as 4.73 billion yen after fees, according to a filing with Japan’s finance ministry. The stock was unchanged at 128 yen.
Skymark Airlines Inc. (9204 JT): Japan’s largest budget carrier plans to increase its fleet of Airbus SAS A380 airplanes to 15 or 16 by 2016 as part of a planned partnership with Airbus, the French weekly newsletter La Lettre de L’Expansion reported, without citing anyone. The stock leapt 5.4 percent to 1,317 yen.
Suzuki Motor Corp. (7269 JT): The automaker halted production at three plants in Japan yesterday because of snow, spokesman Hideki Taguchi said by telephone from Tokyo. The stock retreated 1.7 percent to 2,035 yen.
TDK Corp. (6762 JT): The world’s biggest maker of magnetic heads for disk drives may post a 40 percent increase in third- quarter operating profit to 17 billion yen, boosted by sales of parts for smartphones, the Nikkei newspaper reported. The stock was unchanged at 6,060 yen.
Toyota Motor Corp. (7203 JT): The world’s largest carmaker’s South African unit will spend 363 million rand ($52.2 million) to build a parts distribution center in Johannesburg to support the after-sales needs of its customers in Africa and Europe. The stock lost 1.4 percent to 3,500 yen.
Yoshinoya Holdings Co. (9861 JT): The restaurant chain that serves bowls of rice with stewed beef said it will spend as much as 14.1 billion yen to buy back as much as 21 percent of its shares from Itochu Corp. (8001 JT). Yoshinoya was unchanged at 105,900 yen. Itochu slid 0.8 percent to 906 yen.
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