The following companies may have unusual price changes in Japanese trading today. The country’s stock markets were closed yesterday for a national holiday. 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.
Access Co. (4813 JT): The developer of browser software reported full-year net income fell 14 percent to 423 million yen ($5.2 million) while operating profit jumped 74 percent to 4.53 billion yen. The stock soared 9.2 percent to 95,100 yen.
Advantest Corp. (6857) (6857 JT): The maker of chip-testing equipment will buy Verigy Ltd. for 74 billion yen, the Nikkei newspaper reported. The stock rose 0.8 percent to 1,320 yen.
Fuji Heavy Industries Ltd. (7270) (7270 JT): The maker of Subaru brand vehicles will extend the closure of car plants in Japan to March 24 from March 23, the company said in a faxed statement. The stock increased 1.1 percent to 563 yen.
Honda Motor Co. (7267 JT): Japan’s third-largest carmaker will extend domestic plant closures until March 23, according to a statement. Honda also said its supply of Japan-made vehicles and parts in the U.S. should be enough to last until mid-April. The stock rose 0.8 percent to 3,080 yen.
Isuzu Motors Ltd. (7202) (7202 JT): The truck maker will halt production at two plants in Japan until tomorrow, according to a spokesman. The stock rose 3.5 percent to 325 yen.
JX Holdings Inc. (5020) (5020 JT): JX Nippon Oil & Energy Corp., the refining unit of JX Holdings, resumed work at its Negishi oil refinery near Tokyo on March 21, said a company official. The stock gained 3 percent to 516 yen.
Kansai Electric Power Co. (9503 JT): Japan’s second-biggest utility plans to spend between 50 billion yen and 100 billion yen on safety measures for 11 nuclear reactors in Fukui prefecture, Kyodo News said, citing Makoto Yagi, the company’s president. The stock rose 0.5 percent to 2,004 yen.
Mazda Motor Corp. (7261) (7261 JT): Japan’s second-largest car exporter said it will partially resume production at all four Japan plants from today. The stock climbed 2.3 percent to 182 yen.
NGK Insulators Ltd. (5333) (5333 JT): The maker of electrical insulators and industrial ceramic products raised its full-year net income forecast to 24 billion yen from 23.5 billion yen. The stock increased 5.6 percent to 1,317 yen.
Nidec Copal Corp. (7756) (7756 JT): The maker of electronic components for optical equipment slashed its full-year net income outlook 52 percent to 2.4 billion yen. The stock rallied 8.4 percent to 850 yen.
Nissan Motor Co. (7201 JT): Japan’s second-largest automaker may ship engines from Tennessee to Japan after the magnitude-9 earthquake on March 11 damaged a plant in Iwaki, Fukushima prefecture, spokesman Mitsuru Yonekawa said.
Separately, Nissan prepared to resume production at some factories in Japan. Nissan slid 1.1 percent to 725 yen.
Sony Corp. (6758) (6758 JT): The electronics maker plans to restart a factory in Tochigi prefecture that makes rechargeable batteries, northern Japan, from today, said Hiroshi Okubo, a Tokyo-based spokesman. Sony rose 0.2 percent to 2,519 yen.
Toho Zinc Co. (5707 JT): Japan’s third-largest zinc producer raised its full-year operating profit outlook by 23 percent to 8 billion yen, saying “demand is firm.” The stock jumped 6.2 percent to 344 yen.
Tokyo Electric Power Co. (9501 JT): Asia’s largest utility, known as Tepco, had its credit ratings cut by Moody’s Japan K.K. and Standard & Poor’s following the March 11 earthquake and tsunami that crippled reactors at its Fukushima Dai-Ichi power plant.
Separately, Tepco said radioactive iodine and cesium were found in sea water near its damaged Fukushima Dai-Ichi nuclear plant at 126.7 times and 24.8 times allowable limits respectively, Kyodo News reported. The stock rallied 19 percent to 948 yen.
Tokyo Steel Manufacturing Co. (5423 JT): Japan’s largest electric-furnace mill said it may take until the end of this month to restart production at a plant in Tochigi prefecture damaged in the earthquake. The stock rose 2.4 percent to 858 yen.
Toshiba Corp. (6502) (6502 JT): Japan’s biggest maker of nuclear reactors said on March 21 that about 700 of its engineers have been assigned to help defuse the crisis at Tokyo Electric Power Co.’s crippled Fukushima Dai-Ichi power plant. Toshiba jumped 7.5 percent to 360 yen.
Toyo Tire & Rubber Co. (5105 JT): The tiremaker plans to restart operations this week at plants halted after the earthquake. The stock leapt 5 percent to 188 yen.
Toyota Boshoku Corp. (3116) (3116 JT), an affiliate of Toyota Motor Corp. (7203), said it’s ready to restart factories that supply the automaker in Japan at any time necessary. Toyota Boshoku gained 3.9 percent to 1,147 yen.
Toyota Motor Corp. (7203 JT): The world’s biggest automaker will recall 2,571 Lexus cars in South Korea to fix flaws involving floor mats, South Korea’s transport ministry said. Separately, Toyota plans to extend its halt on vehicle production in Japan to at least tomorrow due to concerns over obtaining parts, the Yomiuri Shimbun reported. The stock slipped 1.7 percent to 3,215 yen.
To contact the reporter on this story: Norie Kuboyama in Tokyo at firstname.lastname@example.org.
To contact the editor responsible for this story: Nick Gentle at email@example.com.