Cosmo Oil, Mazda, Mixi, NTT DoCoMo, Sony: Japan Stocks 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 last close. The information in each item was released after markets shut unless stated otherwise.
Cosmo Oil Co Ltd. (5007) (5007 JP): The oil refiner lowered its full-year net-income forecast 54 percent to 13 billion yen ($166 million, citing the suspension of a refinery in the wake of the March earthquake. The stock dipped 0.5 percent to 197 yen.
Mazda Motor Corp. (7261) (7261 JT): The carmaker expects a full- year loss of 19 billion yen compared with the 1 billion yen profit in its earlier forecast, saying the yen’s appreciation hurt earnings. The stock tumbled 5.4 percent to 158 yen.
Mixi Inc. (2121) (2121 JP): The operator of Japan’s largest online social-networking service cut its full-year net-income forecast to 500 million yen to 1.1 billion yen from as much as 1.9 billion yen, citing a fall in online advertising revenue. The stock surged 8 percent to 239,700 yen.
NTT DoCoMo Inc. (9437) (9437 JT): The nation’s largest mobile- phone carrier raised its full-year net-income forecast 2.4 percent to 514 billion yen, beating analyst estimates of 512 billion yen as smartphone sales rose. The stock fell 2.2 percent to 136,800 yen.
Sony Corp. (6758) (6758 JT): Japan’s largest exporter of consumer electronics forecast a full-year loss of 90 billion yen as compared with an earlier projection of a 60 billion yen profit. The yen’s appreciation, flooding in Thailand and waning sales in the U.S. and Europe dragged on profit, the company said in a statement. The stock slipped 3.6 percent to 1,514 yen.
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