The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices (NKY) are as of the latest close. The information in each item was released after markets shut unless stated otherwise.
Daio Paper Corp. (3880) (3880 JT): The paper maker may acquire majority stakes in subsidiaries controlled by the Ikawa family to strengthen corporate governance, the Nikkei newspaper reported, without citing anyone. The stock fell 0.2 percent to 558 yen.
Funai Consulting Inc. (9757 JO): The financial consulting services company raised its full-year net-income forecast 42 percent to 1.15 billion yen ($15 million). It also lifted its planned second-half dividend to 14 yen from 13 yen per share, with a full-year payout of 24 yen. The stock was unchanged at 542 yen.
Ihara Chemical Industry Co. (4989) (4989 JT): The maker of organic chemical products forecast a 16 percent fall in first-half net income percent to 1.15 billion yen. Shares rose 2.1 percent to 289 yen.
Iida Home Max (8880) (8880 JT): The residential builder said net income in the six months ended Oct. 31 fell 13 percent to 3.62 billion yen, less than its forecast of 3.74 billion yen. Iida rose 1.3 percent to 610 yen.
Isetan Mitsukoshi Holdings Ltd. (3099) (3099 JT): The department- store chain aims to generate an 82 percent increase in operating profit to 20 billion yen this fiscal year, the Nikkei newspaper reported, citing an interview with President Kunio Ishizuka. That would exceed the retailer’s 19 billion yen forecast. The stock slid 1.5 percent to 773 yen.
Koito Manufacturing Co. (7276 JT): Panasonic Corp. (6752) (6752 JT) cut its stake in the lighting-equipment maker to 3.99 percent from 5.32 percent, according to a filing with Japan’s Finance Ministry. Koito rose 1.4 percent to 1,077 yen. Panasonic slipped 1.6 percent to 695 yen.
Legs Co. (4286 JQ): The producer of goods for sales incentives, including novelty items, announced a 2-1 stock split. Shares slipped 2.1 percent to 139,000 yen.
Mitsubishi Corp. (8058) (8058 JT): The trading house will spend as much as $1.5 billion to build an ammonia plant in Brunei, the Nikkei newspaper reported, without citing anyone. The stock fell 0.1 percent to 1,604 yen.
Mitsui High-Tec Inc. (6966) (6966 JT): The maker of machine parts said it expects a loss of 1.5 billion yen for the fiscal year ending Jan. 31, compared with its forecast for a 100 million-yen profit. The company cited slumping chip demand and charges related to Thai’s floods for the result. Mitsui also canceled its planned full-year dividend of 1.5 yen per share. The stock added 0.3 percent to 358 yen.
Nexon Co. (3659 JT): The developer of online games such as “Dragon Nest” will debut on the Tokyo Stock Exchange on Dec. 14. The initial offering price was 1,300 yen per share.
Nippon Steel Corp. (5401) (5401 JT): Japan’s largest steelmaker halted its Kamaishi power plant in Iwate prefecture because of a problem with a system for supplying coal. The station provides electricity to Tohoku Electric Power Co. (9506 JT), which is not expecting a disruption to power supply, according to a statement from the utility. Nippon Steel lost 2 percent 194 yen. Tohoku Electric rose 0.5 percent to 777 yen.
Olympus Corp. (7733) (7733 JT): The scandal-hit camera maker’s auditors will sign off on earnings statement, the Nikkei newspaper reported. The Tokyo Stock Exchange will now have to decide if Olympus should continue to be listed, based on factors including the impact of the company’s loss cover-up, the report said, without citing anyone. The stock jumped 5.4 percent to 1,370 yen.
Sumitomo Mitsui Trust Holdings Inc. (8309 JT): The bank will invest 35 million pounds ($54.2 million) in a NewSmith Capital fund as part of a product sales alliance, the Nikkei newspaper reported. The stock fell 1.6 percent to 247 yen.
Toyota Motor Corp. (7203) (7203 JT): The automaker cut its 2012 production target to 8.4 million units, Tokyo Shimbun reported. Toyota, Asia’s biggest carmaker by market value, slipped 1.2 percent to 2,587 yen.
Yakuodo Co. (3385 JQ): The pharmacy store operator said it will conduct a 100-for-1 stock split, adopting the minimum trading of 100 shares. The stock climbed 3.1 percent to 134,700 yen.
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