Japan Stocks: Elpida, Dainippon, Kubota, NEC, Olympus
Japan’s Nikkei 225 (NKY) Stock Average fell 90.39, or 1 percent, to 8,682.15 as of the 3 p.m. trading close in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Semiconductor-related shares: Japan chip-equipment orders declined 38 percent to 79.5 billion yen ($1 billion) in September from a year ago, according to a report on the Semiconductor Equipment Association of Japan’s website. Separately, the Philadelphia Semiconductor Index, which tracks 30 industry stocks, dropped 2.2 percent yesterday.
Dainippon Screen Manufacturing Co. (7735 JT), a maker of systems for semiconductors, sank 2.6 percent to 553 yen. Elpida Memory Inc. (6665) (6665 JT), a computer-memory chip manufacturer, slid 2.7 percent to 473 yen.
Thailand’s flood-affected companies: The nation’s worst floods in five decades have shut factories and disrupted supply chains for manufacturers.
Kubota Corp. (6326) (6326 JT), an industrial machinery maker, fell 2 percent to 604 yen. It said operations were halted at three of its plants in Thailand. Mitsubishi Motors Corp. (7211) (7211 JT) slid 3.9 percent to 99 yen. The carmaker will suspend all output in the country until Oct. 22, according to a spokesman.
Sony Corp. (6758) (6758 JT) fell 1.6 percent to 1,544 yen. The consumer electronics maker delayed the release of some cameras and headphones scheduled to go on sale this month after the floods disrupted production, according to a company statement.
NEC Corp. (6701 JT) rose 1.2 percent to 170 yen. The electronics company’s operating profit was likely 5 billion yen for the six months through September, beating its forecast, due to a pickup in infrastructure-related businesses, the Nikkei newspaper reported without citing a source.
Olympus Corp. (7733 JT), an optical-equipment maker, slumped 4.9 percent to 1,321 yen. Former President Michael C. Woodford, who was ousted last week, called on Japan’s Securities and Exchange Surveillance Commission to investigate fees paid to advisers of Olympus’s acquisition of Gyrus Group Plc, Reuters reported, citing an interview with Woodford. The company has lost over $3 billion in market value since dismissing the executive.
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