Daiichi Sankyo, Murata, Toshiba, Toyota: Japan Equity Preview
The following companies may have unusual price changes in Japanese trading tomorrow. 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.
Adores Inc. (4712) (4712 JT): The operator of amusement facilities plans to raise 803.1 million yen ($10 million) by selling 15 million shares to Next Japan Holdings Co. (2409 JT), according to a filing with Japan’s finance ministry. Adores was unchanged at 53 yen. Next Japan was unchanged at 3,340 yen.
Daiichi Sankyo Co. (4568 JT): The drugmaker and AstraZeneca Plc (AZN) agreed to promote denosumab in Japan for treatment of bone disorders stemming from cancer, AstraZeneca said in an e-mailed statement. The drug is awaiting approval in Japan. Daiichi Sankyo rose 0.7 percent to 1,537 yen.
Daiwabo Holdings Co. (3107 JT), O-M Ltd. (6213) (6213 JT): Daiwabo, a seller of fabrics and garments, will buy out subsidiary O-M, according to a statement. Daiwabo rose 1.2 percent to 163 yen. O-M was unchanged at 500 yen.
Mitsubishi Paper Mills Ltd. (3864) (3864 JT): The papermaker said it has resumed some operations in a plant crippled by the March 11 earthquake and tsunami. The stock was unchanged at 77 yen.
Murata Manufacturing Co. (6981 JO): The electronic-parts maker said on its website it resumed production at all factories damaged by the earthquake. The stock climbed 1.8 percent to 5,160 yen.
SBI Holdings Inc. (8473 JT): The venture capital fund manager agreed to form a $100 million fund with Invest AD, a unit of the Abu Dhabi Investment Council, to invest in unlisted Turkish companies. SBI rose 0.5 percent to 7,540 yen.
Takeuchi Manufacturing Co. (6432 JQ): The construction machinery maker expects to post net income of 660 million yen this fiscal year, compared with a loss a year earlier, as sales increase. The stock retreated 1.2 percent to 845 yen.
Tohoku Bank Ltd. (8349) (8349 JT): The regional bank forecast current profit, or pretax profit from operations, will fall 19 percent to 1.2 billion yen this fiscal year. The lender expects to post full-year net income of 750 million yen, compared with a year-earlier loss. The stock was unchanged at 120 yen.
Toshiba Corp. (6502) (6502 JT): Japan’s biggest maker of nuclear reactors may spend 200 billion yen on acquisitions related to the social infrastructure market, President Norio Sasaki told reporters in Tokyo. The stock gained 2.1 percent to 432 yen.
Toyota Motor Corp. (7203) (7203 JT): The carmaker plans to raise domestic output to about 90 percent of pre-quake levels next month after a recovery in the supply of parts, NHK reported on its website, citing unidentified people. The stock slipped 0.5 percent to 3,245 yen.
To contact the editor responsible for this story: Nick Gentle at email@example.com.