May 10 (Bloomberg) -- 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.
Alfresa Holdings Corp. (2784 JT): The drug wholesaler forecast net income will more than double to 14.3 billion yen ($179 million) in the year starting April 1. The stock lost 0.6 percent to 3,640 yen.
Bridgestone Corp. (5108 JT): Japan’s top tiremaker said profit rose 35 percent to 42.2 billion yen in the quarter ended March 31. The stock climbed 0.8 percent to 1,803 yen.
DeNA Co. (2432 JT) and Gree Inc. (3632 JT), Japan’s two biggest social-gaming operators, will stop offering a game feature scrutinized by regulators who said charges to use it were in some cases excessive.
DeNA Co. (2432 JT): The social-network website operator plans to stop using the “complete gacha” payment system, President Isao Moriyasu told reporters in Tokyo. Separately, the company said profit rose 9.1 percent to 34.5 billion yen in the year ended March 31 as sales grew. The stock declined 1.3 percent to 1,935 yen.
Dentsu Inc. (4324 JT): Japan’s biggest advertising company said parent-based sales rose 15.2 percent in April from the same month a year earlier. Monthly net sales for Dentsu have returned to “pre-Lehman crisis level,” according to a statement. The stock slipped 0.9 percent to 2,386 yen.
Hitachi Ltd. (6501 JT): Profit at the electronics maker probably rose 50 percent to about 350 billion yen in the year ended March, beating its 280 billion yen forecast, boosted by sales of industrial equipment, and the sale of its hard-drive unit and LCD operations, the Nikkei newspaper reported, without attribution. The stock fell 0.8 percent to 476 yen.
Horiba Ltd. (6856 JT): The measuring-devices manufacturer raised its full-year net income forecast 6.7 percent to 8 billion yen. The stock fell 1.3 percent to 2,736 yen.
Oki Electric Industry Co. (6703 JT): The maker of communications equipment expects profit to rise 38 percent to 11 billion yen in the year ending March 31. The stock tumbled 7.5 percent to 123 yen.
Olympus Corp. (7733 JT): The optical-equipment maker probably had a loss of more than 45 billion yen in the year ended March, worse than its 32 billion yen loss guidance, because of additional costs for liquidating companies acquired to hide losses, the Nikkei reported, without attribution. The stock sank 3.4 percent to 1,115 yen.
Panasonic Corp. (6752 JT), Itochu Corp. (8001 JT): The companies will merge ITC Networks and Panasonic Telecom, with ITC being the surviving entity, the Nikkei reported, without attribution. Panasonic rose 1.7 percent to 587 yen. Itochu dropped 1 percent to 881 yen.
Renesas Electronics Corp. (6723 JT): The chipmaker swung to an operating loss of 56.8 billion yen in the fiscal year ended March 31 as sales dropped by 22 percent. The stock climbed 0.5 percent to 419 yen.
Sankyo Co. (6417 JT): The pachinko maker said it expects a 73 percent jump in net income to 35 billion yen this fiscal year on growing sales. The stock lost 0.1 percent to 3,815 yen.
Terumo Corp. (4543 JT): The medical devices maker will invest about 15 billion yen in Vietnam and the Philippines, the Nikkei reported. The company will set up a plant in Vietnam by 2015 to make blood bags for transfusions, expand a catheter plant in Hanoi, and an enlarge a syringe factory near Manila, the report said, without attribution. The stock lost 2 percent to 3,400 yen.
Tokyo Electric Power Co. (9501 JT): Japan’s government took control of the utility agreeing to provide 1 trillion yen as part of the nation’s largest bailout since the resue of the banking industry in the 1990s. Separately, the Nikkei reported that banks will provide 500 billion yen in loans, a 400 billion yen credit line and 170 billion yen in rollovers of past loans. The stock was unchanged at 184 yen.
Toyota Motor Corp. (7203 JT): Asia’s biggest carmaker forecast profit will more than double to a five-year high as it shakes off last year’s natural disasters and introduces new models to regain market share. Net income may increase to 760 billion yen in the 12 months ending March 2013, from 283.6 billion yen a year earlier, Toyota said in a statement. That compares with the 817.7 billion yen average of 21 analyst estimates compiled by Bloomberg. The stock was unchanged at 3,145 yen.
Ushio Inc. (6925 JT): The maker of lamps and optical equipment said profit fell 8.7 percent to 8.75 billion yen in the year ended March 31. The company forecast profit will advance 14 percent to 10 billion yen this fiscal year. The stock retreated 1.9 percent to 989 yen.
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