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.
Chip-related firms: Hitachi Ltd. (6501 JT), Toshiba Corp. (6502 JT), Olympus Corp. (7733 JT) and other Japanese companies are working to commercialize by 2014 a chip-making system that is 99 percent cheaper than current technology, Nikkei English News said, without citing anyone. Hitachi slumped 1.8 percent to 381 yen. Toshiba lost 1 percent to 487 yen. Olympus gained 1.1 percent to 2,313 yen.
Chubu Electric Power Co. (9502 JT): The power utility halted a unit at its Shin Nagoya thermal plant in central Japan because of a lubricant leak, the company said in a statement on its website. The stock fell 0.5 percent to 2,146 yen.
Dowa Holdings Co. (5714 JT): Japan’s fourth-largest copper smelter will set up a venture in China to make equipment to treat metal materials. The stock slipped 1.8 percent to 497 yen.
JFE Holdings Inc. (5411 JT): The steelmaker’s unit, JFE Steel Corp., will ask for a sequential quarterly increase of $100 to $150 per ton, or 10 percent to 20 percent, on its steel export prices for the July-September quarter to guard against rising prices, Nikkei English News said, without saying where it obtained the information. The stock fell 1 percent to 3,010 yen.
Mitsubishi UFJ Financial Group Inc. (8306 JT): Japan’s largest bank by market value reported net income of 388.7 billion yen ($4.23 billion) for the fiscal year ended March 31, compared with a net loss of 257 billion yen a year earlier, according to a statement. The stock dropped 0.9 percent to 449 yen.
Miyano Machinery Inc. (6162 JT): Citizen Holdings Co. (7762 JT), a watchmaker, will buy out subsidiary Miyano Machinery in stock. Miyano fell 1.1 percent to 89 yen. Citizen rose 0.5 percent to 564 yen.
Monotaro Co. (3064 JT): The machine-tool maker said its board decided to lift the upper limit on a plan to buy back stock this year to 90 million yen from 80 million yen. The stock lost 4.9 percent to 1,597 yen.
Nippon Steel Corp. (5401 JT), Toyota Motor Corp. (7203 JT): The steelmaker and the automaker are expected to agree to set steel prices every six months, ending annual contracts, the Nikkei English News said, without citing anyone. Nippon Steel dipped 0.6 percent to 324 yen.
Nipro Corp. (8086 JT): The maker of medical products may spend about 10 billion yen in India and plans to build an artificial kidney plant near Pune, Nikkei English News reported, without saying where it got the information. The company may be able to make kidneys as much as 50 percent cheaper than in Japan, Nikkei said. The stock slid 0.6 percent to 1,745 yen.
Oriental Land Co. (4661 JT): The operator of Tokyo Disney Resort canceled a plan to operate a theater in central Osaka because of an expected building delay. Oriental Land slid 0.7 percent to 6,980 yen.
Shimano Inc. (7309 JO): The maker of bicycle equipment and fishing gear said it will spend as much as 4 billion yen to buy back up to 1.1 percent of its shares. The stock declined 2 percent to 3,845 yen.
Sodick Co. (6143 JT): The maker of electric machines expects operating profit of 1.2 billion yen this fiscal year as sales recover, following an operating loss last year. The stock sank 4.4 percent to 324 yen.
Sumitomo Corp. (8053 JT): The trading company agreed to buy two units of Malaysia’s Scomi Engineering Bhd. for as much as $110 million. The stock dropped 2.2 percent to 1,035 yen.
Toyota Motor Corp. (7203 JT): The automaker paid the record $16.4 million U.S. fine for failing to alert auto-safety regulators quickly enough about vehicle defects that could cause unintended acceleration, the Transportation Department said.
Toyota will soon recall 4,500 Lexus vehicles in Japan because of steering system problems, the Yomiuri newspaper reported, without saying where it obtained the information. The stock was unchanged at 3,530 yen.