Dentsu, Jupiter, Mizuho, Nintendo, Sony: Japan Equity Preview
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.
Chugoku Bank Ltd. (8382) (8382 JT): The regional bank raised its full-year net income forecast by 81 percent to 19 billion yen ($247 million). The stock slipped 0.1 percent to 931 yen.
Dentsu Inc. (4324) (4324 JT): Japan’s largest advertising company by revenue agreed to buy an 80 percent stake in AdJug Ltd. (2723805Z LN), a London-based ad network company, to strengthen its digital technology and expand in Europe. Dentsu lost 1.8 percent to 2,309 yen.
Ifuji Sangyo Co. (2924 JQ): The egg producer said it won approval from the Fukuoka Stock Exchange to be listed on the bourse on Aug. 29, allowing investors to trade the shares on both the Fukuoka exchange and Osaka’s Jasdaq market. The stock dropped 0.7 percent to 422 yen.
Jupiter Telecommunications Co. (4817 JQ): The provider of cable-television broadcasting services said subscriber numbers rose 5.9 percent to 3.55 million in July, compared with the same month a year earlier. The stock slid 0.2 percent to 89,900 yen.
Konica Minolta Holdings Inc. (4902) (4902 JT): The maker of film used in liquid-crystal displays will set aside about 70 billion yen for the mergers and acquisitions for the three years through March 2014, the Nikkei newspaper reported. The stock rose 0.2 percent to 527 yen.
Mizuho Financial Group Inc. (8411) (8411 JT): The lender will spend about 4 billion yen to obtain a 51 percent stake in Balimor Finance PT to expand in Asia, the Nikkei newspaper reported. The stock was unchanged at 115 yen.
Nintendo Co. (7974 JO): The world’s largest maker of video- game players sold about 215,000 3DS hand-held players in Japan last week after cutting the price of the machine, research firm Enterbrain Inc. said in a statement. That’s the product’s second-highest weekly sales total since the player’s debut in February, according to the Tokyo-based research firm. The stock slumped 2.3 percent to 11,700 yen.
Sony Corp. (6758) (6758 JT): The electronics maker is cutting the price of its Playstation 3 video-game console to $249 from $299 with immediate effect, the incoming chief executive officer of Sony Computer Entertainment Inc., Andrew House, said at a press conference in Cologne yesterday. The stock rose 0.4 percent to 1,700 yen.
Suzuki Motor Corp. (7269) (7269 JT): The automaker will double monthly capacity at a plant in Shizuoka prefecture to 10,000 units, excluding overtime, the Nikkei newspaper reported. The stock fell 0.4 percent to 1,620 yen.
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