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.
Ihara Chemical Industry Co. (4989 JT): The maker of organic chemical products said net income rose 6 percent to 1.2 billion yen ($16 million) in the nine months ended July 31, with higher sales and cost cuts. The stock slipped 2.4 percent to 288 yen.
Japan Tobacco Inc. (2914) (2914 JT): The world’s fourth-biggest cigarette maker wants the government to sell its shares in the company. Selling the government’s 5 million shares may raise about 1.7 trillion yen, which should be used to help fund earthquake and tsunami recovery efforts, Japan Tobacco said in a statement. Also, Japan Tobacco said no excessive radiation was found in its domestic crop of tobacco leaf. The stock lost 1.6 percent to 329,000 yen.
Kakaku.com Inc. (2371) (2371 JT): The operator of a price- comparison Web site said users accessing its group sites last month surged 23 percent to 74.2 million people from the same month a year earlier. The stock slipped 0.1 percent to 2,856 yen.
Krosaki Harima Corp. (5352) (5352 JT): The manufacturer of firebricks and other equipment used by steel and glassmakers said it will invest about 700 million rupees ($15 million) to boost the output capacity for heat-resistant materials in an India unit. The stock tumbled 5.5 percent to 290 yen.
Mitsui Fudosan Co. (8801 JT), Takashimaya Co. (8233 JT) and others plan to invest 150 billion yen to redevelop a portion of Tokyo’s central Nihonbashi district, the Nikkei newspaper reported. Mitsui Fudosan declined 4.3 percent to 1,200 yen. Takashimaya slid 1.2 percent to 506 yen.
Nippon Carbide Industries Co. (4064 JT): The chemical products maker will sell shares to the public for 118 yen each to raise as much as 1.65 billion yen, according to a filing with Japan’s finance ministry. The stock sank 4.7 percent to 122 yen.
Oriental Land Co. (4661 JT): Operator of Tokyo Disney Resort plans to borrow 50 billion yen in a subordinated loan, according to a statement. The stock advanced 1.6 percent to 7,770 yen.
Rock Field Co. (2910 JT): The delicatessen operator raised its first-half net income projection 92 percent to 571 million yen, citing more-than-expected sales and cost controls. The stock fell 0.3 percent to 1,277 yen.
Seven & I Holdings Co. (3382 JT): Japan’s biggest retailer raised its net income projection 15 percent to 121 billion yen for the fiscal year ending Feb. 29, citing higher quake- restoration demand, “favorable” summer sales and a gain related to its deferred tax assets. The retailer also boosted its planned full-year dividend to 60 yen from 57 yen. The stock rose 1.1 percent to 2,055 yen.
Start Today Co. (3092 JT): The operator of clothes- shopping websites said sales of its e-commerce business totaled 4.72 billion yen in August, up 41 percent from a year earlier. The stock retreated 4.7 percent to 1,965 yen.
Takasago International Corp. (4914) (4914 JT): The aroma chemicals producer said it will buy back up to 1 percent of its outstanding shares through Dec. 30. The stock declined 2.3 percent to 375 yen.
Takeda Pharmaceutical Co. (4502 JT): Asia’s biggest drugmaker won the backing of the U.K.’s health-cost agency for its Mepact bone-cancer drug. Mepact is approved for use with chemotherapy after surgery for bone cancers that haven’t spread, the National Institute for Health and Clinical Excellence said in an e-mailed statement. The stock fell 0.3 percent to 3,675 yen.
Token Corp. (1766) (1766 JT): The homebuilder said first-quarter net income advanced 17 percent to 770 million yen. The company reversed its first-half outlook to net income of 1.41 billion yen from a 138 million yen loss. The stock dropped 2 percent to 2,813 yen.
Toshiba Corp. (6502) (6502 JT): Japan’s largest maker of nuclear power plants will buy Shaw Group Inc.’s (SHAW US) 20 percent stake in nuclear-plant designer Westinghouse Electric for about $1.6 billion, increasing its share to 87 percent. Shaw is exercising its option to sell the stake to Toshiba after an increase in the value of the yen helped to boost its Westinghouse debt by more than 50 percent during the past five years, according to a statement. Toshiba lost 5.1 percent to 297 yen.
Toyota Motor Corp. (7203) (7203 JT): The world’s largest carmaker met with Chinese government officials to discuss quality issues and was told that the government is not asking for recall actions in the world’s biggest auto market, Executive Vice President Shinichi Sasaki said. The stock slid 1.3 percent to 2,605 yen.
To contact the reporter on this story: Norie Kuboyama in Tokyo at email@example.com
To contact the editor responsible for this story: Nick Gentle at firstname.lastname@example.org