Oct. 25 (Bloomberg) -- The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.
Bridgestone Corp. (5108 JT): The world’s largest tiremaker said it may boost sales to 3.5 trillion yen ($43 billion) by 2012 as demand grows in markets including China, India and Brazil. The stock advanced 1.9 percent to 1,455 yen.
Chugai Pharmaceutical Co. (4519 JT): The drugmaker’s net income in the nine months ended Sept. 30 declined 31 percent to 28.1 billion yen, as sales fell 11 percent. The company cut its full-year sales outlook by 5.4 percent. The stock was unchanged at 1,522 yen.
Chugoku Bank Ltd. (8382 JT): The regional bank raised its full-year net income forecast 19 percent to 12.5 billion yen. The lender said it will spend as much as 1 billion yen to buy back up to 0.4 percent of its outstanding shares. The stock gained 0.3 percent to 967 yen.
Hitachi Ltd. (6501 JT): The industrial group will join a project worth more than 450 billion yen to develop an environment-friendly zone in Dalian, China, according to a separate Nikkei report. The stock rose 2.9 percent to 357 yen.
Hitachi Construction Machinery Co. (6305 JT): The excavator maker boosted its full-year net income forecast 43 percent to 10 billion yen, citing stronger demand for hydraulic shovels and non-operating income. The stock gained 0.3 percent to 1,837 yen.
Hitachi High-Technologies Corp. (8036 JT): The trading company’s first-half net income was 9.7 billion yen, 57 percent higher than its projection, according to a preliminary earnings statement. The stock retreated 2.7 percent to 1,480 yen.
Honda Motor Co. (7267 JT): The automaker will start importing motorbikes made in Thailand to sell in Japan for the first time, the Asahi newspaper reported, without saying where it got the information. The stock fell 1 percent to 2,916 yen.
JX Holdings Inc. (5020 JT): The oil refiner plans to cut 1,000 jobs at its JX Nippon Oil & Energy Corp. subsidiary through an early retirement program. The unit had 10,432 employees as of Oct. 1, the company said in a statement. It expects to take a charge this fiscal year for the cuts, the statement said. The stock was unchanged at 475 yen.
KDDI Corp. (9433 JT): Japan’s second-biggest mobile-phone operator said net income rose 10 percent to 65 billion yen in the three months ended Sept. 30. The company separately said it will spend as much as 100 billion yen to buy back up to 5.16 percent of its outstanding shares. The stock gained 0.4 percent to 406,500 yen.
Kirayaka Bank Ltd. (8520 JT): The regional bank is in merger talks with closely held Sendai Bank Ltd. (SDBKZ JP), public broadcaster NHK said. The banks will merge under a holding company during the next fiscal year, the report said. Kirayaka Bank lost 2.7 percent to 73 yen.
Keiyo Bank Ltd. (8544 JT): The regional bank booked 6.6 billion yen in net income for the six months to Sept. 30, up 10 percent from the company’s forecast. The stock was unchanged at 381 yen.
Kyowa Hakko Kirin Co. (4151 JT): The drugmaker said it will sell all the shares in Kyowa Hakko Chemical Co. to Japan Industrial Partners Inc. Kyowa Hakko Kirin sank 1.6 percent to 826 yen.
Meiko Network Japan Co. (4668 JT): The cram school operator said it will cancel 10.57 percent of its outstanding ordinary shares, or 3.674 million, on Nov. 8. The stock rose 0.6 percent to 690 yen.
Misumi Group Inc. (9962 JT): The mail-order distributor of precision machine parts said its sales in September jumped 34 percent to 10 billion yen from the same month a year ago. The stock slid 0.4 percent to 1,691 yen.
Mitsubishi Motors Corp. (7211 JT): The automaker said its first-half net loss narrowed to 4.9 billion yen from 36.4 billion yen a year earlier after sales gained, according to a preliminary earnings statement. The company had forecast a 9 billion yen loss for the period. The stock increased 1 percent to 98 yen.
NEC Corp. (6701 JT): The electronics maker may post a 2 billion yen operating profit for the six months ended in September, lower than a 5 billion yen target, Nikkei English News reported, without saying where it obtained the information. The stock rose 0.9 percent to 237 yen.
Nippon Steel Corp. (5401 JT): The steelmaker’s sales rose almost 30 percent to more than 2 trillion yen in the April-September period in which pretax profit was about 130 billion yen, Nikkei English News reported, without saying where it obtained the information. The stock was unchanged at 264 yen.
Nissan Chemical Industries Ltd. (4021 JT): The chemical products maker had 5.6 billion yen in first-half net income, beating the company’s forecast of 12 percent, according to a preliminary earnings statement. The stock dipped 0.1 percent to 962 yen.
Nissan Shatai Co. (7222 JT): The car assembler’s first-half net income reached 6.5 billion yen, exceeding the company’s forecast of a 2.9 billion yen profit, according to a preliminary earnings statement. Higher sales contributed to the profit, according to the document. The stock advanced 3.3 percent to 598 yen.
Nomura Real Estate Holdings Inc. (3231 JT): The property developer booked 30 million yen in net income for the April-September period, compared with the company’s 1 billion yen loss forecast, according to a preliminary earnings statement. The stock advanced 1.4 percent to 1,279 yen.
SBI Holdings Inc. (8473 JT): The financial services provider said it won a license to operate a securities business in Cambodia. The stock advanced 0.9 percent to 10,040 yen.
Shionogi & Co. (4507 JT): The drugmaker cut full-year net income outlook 17 percent to 30 billion yen, citing foreign exchange rates and one-time losses. The stock climbed 2 percent to 1,508 yen.
Softbank Corp. (9984 JT): The wireless carrier’s first-half operating profit is likely to have risen 40 percent to 320 billion yen as the popularity of Apple Inc.’s (AAPL US) iPhone boosted mobile subscribers, Nikkei English News said. Softbank rose 0.4 percent to 2,664 yen.
Sojitz Corp. (2768 JT): The trading company’s pretax profit for the six months ended September may have increased to about 18 billion yen on trading in the energy and metals unit, Nikkei English News reported, without saying where it obtained the information. The stock was unchanged at 146 yen.
Sumitomo Corp. (8053 JT): The trading company is looking to source rare earths in the U.S. as exports from China become restricted, and may be interested in a stake in Molycorp Inc.’s open-pit mine in Mountain Pass, California, the Asahi newspaper reported. Sumitomo declined to comment. The stock rose 0.8 percent to 1,077 yen.
Sumitomo Mitsui Financial Group Inc. (8316 JT): The financial group may have interim earnings of 400 billion yen after subsidiary Sumitomo Mitsui Banking Corp. raises its interim profit forecast to a record 350 billion yen, the Yomiuri newspaper reported, without saying where it obtained the information. The stock gained 1.4 percent to 2,406 yen.
Takara Holdings Inc. (2531 JT): The maker of distilled spirits booked a first-half net income of 1.3 billion yen, up 63 percent from the company’s forecast, according to a preliminary earnings statement. The stock gained 1.1 percent to 457 yen.
Toyota Motor Corp. (7203 JT): The automaker expects the yen to trade around 80 during the remainder of this fiscal year, the Yomiuri newspaper reported. The revision would translate into a reduction in earnings of about 150 billion yen during the period, the report said. The stock rose 0.9 percent to 2,926 yen.
Yahoo Japan Corp. (4689 JT): The operator of Japan’s most-visited Internet portal reported its slowest profit growth in five quarters amid intensifying competition in the country’s Internet market. Net income rose 6.8 percent to 21.4 billion yen in the three months ended Sept. 30, according to a statement. That’s below Yahoo Japan’s projection in July. The stock slid 0.3 percent to 28,040 yen.
-- With assistance from Yasuhiko Seki Editors in Tokyo: Sam Waite, Fergus Maguire
To contact the editor responsible for this story: Darren Boey at firstname.lastname@example.org.