Japan Stocks: Daihatsu, Honda, Pacific Metals, Senshu Ikeda
Japan’s Nikkei 225 (NKY) Stock Average fell 49.30, or 0.5 percent, to 9,472.64 as of 9:30 a.m. in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Daihatsu Motor Co. (7262 JT), a mini-car maker 51 percent owned by Toyota Motor Corp. (7203) (7203 JT), dropped 2.6 percent to 1,299 yen. The company was cut to “hold” from “buy” at Deutsche Bank AG.
Digital Garage Inc. (4819) (4819 JQ), a website service provider, advanced 2.2 percent to 418,500 yen. The company boosted its full-year net income projection to 800 million yen ($9.9 million) from 310 million yen, citing higher-than-expected sales.
Hitachi Transport System Ltd. (9086) (9086 JT), a logistics company, climbed 3.3 percent to 1,236 yen. The company forecast net income will jump 54 percent to 10.5 billion yen this fiscal year on improving sales.
Honda Motor Co. (7267 JT), a carmaker, fell 2 percent to 3,010 yen. The company said the personal data of about 280,000 customers in Canada was accessed by hackers. Separately, the automaker abandoned a plan for a share buyback as its business prospects are unclear because of the March 11 earthquake, the Nikkei newspaper reported, without saying where it obtained the information.
Nipro Corp. (8086) (8086 JT), a medical products maker, gained 1.6 percent to 1,555 yen. The company will spend about 3 billion yen to double production capacity of generic drugs to 2.5 billion tablets annually by the end of this year, the Nikkei newspaper reported.
Pacific Metals Co. (5541 JT), Japan’s top ferro-nickel producer, slumped 6.4 percent to 540 yen. The company forecast net income will decline by three quarters to 2.78 billion yen on plunging sales.
Senshu Ikeda Holdings Inc. (8714) (8714 JT), a lender, jumped 4.9 percent to 108 yen. The company said it will spend 31.2 billion yen to repurchase its class 1 preferred shares.
Uchida Yoko Co. (8057 JT), an office-equipment trader, retreated 4.7 percent to 241 yen. The company widened its full- year net loss outlook to 2.4 billion yen from 750 million yen, citing less-than-expected sales and asset disposal charges.
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