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.
Elpida Memory Inc. (6665) (6665 JT): The world’s third-largest maker of computer-memory chips said it will restart operations at a plant in Akita, northern Japan, which was shut after power outages following last week’s magnitude-7.1 aftershock. The stock gained 2.2 percent to 1,116 yen.
Fuji Electric Co. (6504 JT): The electric machinery maker raised its stake in Fujitsu Ltd. (6702) (6702 JT) to 10.26 percent as of April 1, from 4.61 percent as of March 17. Fujitsu made the disclosure in a statement. Fuji Electric gained 2.8 percent to 262 yen. Fujitsu rose 1.7 percent to 470 yen.
Fullcast Technology Co. (2458 JQ), Yumeshin Holdings Co. (2362 JQ): Yumeshin, a provider of temporary workers, said it will offer at least 35,320 yen a share to turn Fullcast Technology into a subsidiary. Fullcast, which supplies engineers to clients on an as-needed basis, surged 21 percent to 23,500 yen. Yumeshin soared 11 percent to 117 yen.
Hisamitsu Pharmaceutical Co. (4530 JT): The drugmaker posted a 14 percent gain in full-year net income to 21 billion yen. The stock advanced 0.7 percent to 3,390 yen.
Honda Motor Co. (7203 JP): Honda denied an Asahi newspaper report that the carmaker may temporarily halt U.S. production in early May because of a parts shortage following the March 11 earthquake and tsunami in Japan. The stock rose 1.4 percent to 2,969 yen.
J Trust Co. (8508 JO): The financial services company withdrew its 31 billion yen bid for bankrupt consumer lender Takefuji Corp. (8564) (8564 JP), saying the process was unfair. J Trust made the announcement in a statement posted to its website. J Trust slid 0.9 percent to 426 yen.
Japan Tobacco Inc. (2914) (2914 JT): The world’s third-largest publicly traded cigarette maker said it will restart some production lines from April 11 at two plants shut after last month’s earthquake and tsunami. The stock retreated 0.2 percent to 315,000 yen.
Japan Wool Textile Co. (3201 JT): The textile maker said first-quarter net income fell to 440 million yen from 662 million yen a year earlier, while operating profit in the quarter jumped 79 percent to 993 million yen. The company also said it will repurchase up to 1.28 percent of its shares. The stock gained 1.4 percent to 656 yen.
JFE Holdings Inc. (5411 JT): Steelmaking unit JFE Steel Corp. plans to suspend production at the No.2 blast furnace of its Fukuyama plant in Hiroshima prefecture, western Japan, as early as this summer, the Nikkei newspaper reported. The stock rose 1 percent to 2,289 yen.
Kansai Electric Power Co. (9503 JT) and Sumitomo Corp. (8053) (8053 JT): The companies agreed to buy two Griffin Energy coal- fired power stations in Western Australia, administrators KordaMentha said. Kansai Electric advanced 0.7 percent to 1,815 yen. Sumitomo climbed 1.3 percent to 1,159 yen.
McDonald’s Holdings Co. (Japan) Ltd. (2702 JQ): The fast- food chain said March same-store sales fell 7.3 percent from a year earlier as restaurants damaged in the March 11 earthquake closed. The stock rose 0.7 percent to 2,019 yen.
Mitsubishi Chemical Holdings Corp. (4188) (4188 JT): The company plans to restart the No. 2 naphtha cracker at its Kashima plant on May 20, chemicals and pricing service ICIS said today, citing an unidentified person at Japan’s biggest ethylene maker. The stock rose 1.2 percent to 519 yen.
Oriental Land Co. (4661 JT): The operator of Tokyo Disneyland will reopen the theme park on April 15, its 28th anniversary, the Yomiuri newspaper reported on April 9. Oriental Land closed Tokyo Disneyland and Tokyo DisneySea after the March 11 earthquake. The stock climbed 3.6 percent to 6,560 yen.
Onward Holdings Co. (8016 JT): The apparel maker forecast net income will rise 29 percent to 3.5 billion yen this fiscal year. The stock gained 1.4 percent to 596 yen.
Sakata Seed Corp. (1377) (1377 JT): The seed wholesaler said nine-month net income jumped 77 percent to 2 billion yen. The stock leapt 0.6 percent to 1,144 yen.
Sharp Corp. (6753 JP): The electronics manufacturer suspended operation at two liquid-crystal display plants in Japan after the March 11 earthquake caused a shortage of industrial gas used to run equipment, the Nikkei newspaper reported. The stock fell 1.9 percent to 777 yen.
Sony Corp. (6758) (6758 JT): The world’s largest exporter of consumer electronics cut European prices for its PlayStation Portable video-game player by 24 percent, Sony Computer Entertainment Inc. said in a statement on its website. The stock rose 0.7 percent to 2,614 yen.
Takashimaya Co. (8233 JT): The department-store operator expects net income will decline 39 percent to 8.5 billion yen this fiscal year. Profit jumped 80 percent to 13.8 billion yen in the year ended Feb. 28.
Separately, Takashimaya’s March sales fell by 9 billion yen after last month’s earthquake and tsunami, the Nikkei newspaper reported, citing President Koji Suzuki. The stock climbed 2.1 percent to 541 yen.
Tohoku Electric Power Co. (9506 JT): Tokyo Electric Power Co. said it would like to provide power to Tohoku Electric Power if any surplus is available. Tohoku Electric advanced 0.8 percent to 1,340 yen.
Tokyo Electric Power Co. (9501 JT): Asia’s largest utility will procure at least 100 gas turbines with a combined capacity of 1 million kilowatts to increase power supply during Japan’s summer, public broadcaster NHK reported. The stock surged 24 percent to 420 yen.
Uny Co. (8270 JT): The department-store chain expects net income will plunge 60 percent to 2.4 billion yen this fiscal year. The retailer returned to profit of 6.05 billion yen in the year ended Feb. 20. The stock gained 2 percent to 749 yen.
Yokohama Rubber Co. (5101 JT): Japan’s third-biggest tiremaker will raise export prices for all tires by as much as 15 percent starting this month to reflect higher raw-material costs, according to a statement on the Japanese company’s website. The stock advanced 2.1 percent to 396 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.