The following companies may have unusual price changes in Asian trading tomorrow. 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.
Amtek Auto Ltd. (AMTK) : The Indian auto component maker posted third-quarter profit of 540 million rupees from 582.5 million a year earlier. Share rose 0.9 percent to 128.3 rupees.
Asatsu-DK Inc. (9747) (9747 JT): Japan’s third-biggest advertising agency by revenue expects net income to jump 31 percent to 3 billion yen ($38 million) this year. The company also said it will retire 5.53 percent of its outstanding shares on Feb. 27. The stock gained 2.1 percent to 2,200 yen.
Akzo Nobel Ltd. (AZKO) (AZKO IN): The drugmaker posted third- quarter profit of 292.5 million rupees from 383.7 million a year earlier. Shares fell 1.8 percent to 834.5 rupees.
China Coal Energy Co. (1898) (1898 HK): The company said its coal sales volume in January rose 14 percent from a year earlier. The stock sank 1.7 percent to HK$9.95.
Dredging Corp. of India Ltd. (DCIL IN): The state-owned company posted third-quarter loss of 286 million rupees versus a 96.3-million rupee profit a year earlier. Shares rose 0.5 percent to 306.6 rupees.
Daio Paper Corp. (3880) (3880 JT): The paper producer reversed its full-year forecast to a 2.5 billion yen loss after earlier projecting a 500 million yen gain, citing rising fuel costs. Shares slid 0.4 percent to 511 yen.
Dentsu Inc. (4324) (4324 JT): Japan’s biggest advertising company cut its full-year net-income forecast 16 percent to 22.9 billion yen on higher corporate taxes. Net income rose 52 percent to 13.3 billion yen in the nine months ended Dec. 31, Dentsu said in a release. The stock increased 0.5 percent to 2,448 yen.
Glory Ltd. (6457) (6457 JO): The vending-machine maker said it will acquire U.K.-based Talaris Ltd. for 80 billion yen. The purchase of the Carlyle Group unit will make the Japanese company the world’s largest maker of money-handling machines. Glory added 0.9 percent to 1,723 yen.
Horiba Ltd. (6856) (6856 JT): The measuring-devices manufacturer said net income will fall 13 percent to 7.5 billion yen this year after rising 9.3 percent to 8.66 billion yen in 2011. The stock gained 1.4 percent to 2,476 yen.
Medipal Holdings Corp. (7459) (7459 JT): The maker of medical tools and equipment said it will spend as much as 10 billion yen to buy back up to 11 million shares. The stock rose 1 percent to 915 yen.
Nexon Co. (3659) (3659 JT): The online game developer projected a 30 percent rise to 33.5 billion yen in net income as sales grow 17 percent. Nexon climbed 1.9 percent to 1,264 yen.
Nipro Corp. (8086) (8086 JT): The medical-products manufacturer plans to raise as much as 27.7 billion yen by selling shares and convertible bonds. The stock was unchanged at 691 yen.
Olam International Ltd. (OLAM SP): The supplier of agricultural commodities said second-quarter profit after tax rose 5.3 percent to S$153.5 million ($122 million) from a year earlier. The stock gained 0.4 percent to S$2.61.
Seiko Holdings Corp. (8050) (8050 JT): The maker of timepieces expects a 9.5 billion yen loss for the year ending March 31, citing costs for withdrawing from its display business and restructuring its electronics parts operations. Seiko said reversal of the deferred tax assets also pushed down its outlook. The company had earlier forecast net income of 500 million yen. The stock slipped 1.8 percent to 164 yen.
Showa Shell Sekiyu K.K. (5002) (5002 JT): The petroleum refiner forecast a 52 percent plunge in net income to 11 billion yen this year as sales fall. The stock slid 0.9 percent to 531 yen.
Singapore Technologies Engineering Ltd. (STE) : The aircraft maintenance company said its aerospace arm won a 10- year engine maintenance contract from Eastar Jet worth about $15 million a year. The stock was unchanged at S$3.
Sony Financial Holdings Inc. (8729) (8729 JT): The insurance and banking arm of Sony Corp. (6758 JT) said net income tumbled 41 percent to 22.7 billion yen, citing reversal of deferred tax assets. Sony Financial fell 0.1 percent to 1,328 yen.
Start Today Co. (3092 JT): The operator of clothing retail websites said the Tokyo Stock Exchange approved moving its shares to the bourse’s first or second section from the Mothers section as of Feb. 29. The company also said stakeholders will sell 8.37 million shares overseas. The stock lost 1.3 percent to 1,501 yen.
Sumitomo Rubber Industries Ltd. (5110) (5110 JT): The tiremaker said it expects a 15 percent rise in operating profit to 62 billion yen this year on growing sales. The stock gained 1.8 percent to 968 yen.
Tokio Marine Holdings Inc. (8766) (8766 JT): The non-life insurer swung to a 19.7 billion yen loss in the nine months ended Dec. 31 from net income of 139 billion yen a year earlier, citing surging premiums and other costs. The company’s shares slid 0.3 percent to 2,040 yen.
Tokyo Tatemono Co. (8804) (8804 JT): The developer reported a 71.8 billion yen loss in the year ended Dec. 31, narrower than its 72 billion yen projection, according to a preliminary earnings statement. The stock added 0.3 percent to 301 yen.
TonenGeneral Sekiyu K.K. (5012) (5012 JT): The unit of Exxon Mobil Corp. (XOM US) said it expects net income to drop 77 percent to 30 billion yen this year. The stock slid 1.7 percent to 732 yen.
United Co. Rusal (486) (486 HK): The Russian aluminum producer said it plans to increase alloy production at its Aluminium Division units by as much as 70 percent by 2016. The stock rose 2.2 percent to HK$6.59.
Yamazaki Baking Co. (2212) (2212 JT): Japan’s largest bread maker said net income fell 37 percent to 8 billion yen last year, dragged down by costs related to the March earthquake and charges from an accounting change. The company expects profit to soar 75 percent to 14 billion yen for the year ending Dec. 31. Shares rose 0.4 percent to 1,033 yen.
ZTE Corp. (763) (763 HK): The videoconferencing systems provider said the company and Ericsson AB signed an agreement to resolve their dispute and withdraw patent lawsuits against each other. Separately, ZTE plans to increase staff in Europe by 30 percent in three years, President Shi Lirong said at a conference in Beijing. ZTE fell 1.8 percent to HK$21.70.
To contact the reporter on this story: Norie Kuboyama in Tokyo at firstname.lastname@example.org
To contact the editor responsible for this story: Nick Gentle at email@example.com