ABC-Mart, Daisyo, Nissan, Ryosan, Sala, Satori Electrical: Equity Preview
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.
ABC-Mart Inc. (2670 JT): The shoe retailer said full-year net income jumped 31 percent to 14.5 billion yen ($154 million). The company expects a 4.7 percent increase in profit to 15.2 billion yen this fiscal year on a 12 percent advance in sales. The stock climbed 1.5 percent to 3,015 yen.
Daisyo Corp. (9979 JT): The Japanese-style pub chain said March sales at restaurants open at least 13 months declined by 4 percent from a year earlier. The stock rose 0.1 percent to 1,157 yen.
Daiwa Securities Group Inc. (8601 JT) and Nomura Holdings Inc. (8604 JT): The brokerages won Institutional Investor magazine’s annual ranking of Japan’s best equity analysts. Daiwa, Japan’s second-biggest brokerage, and Nomura, the largest, both had 24 analysts named in the survey, New York- based Institutional Investor said in a statement. Daiwa rose 1.4 percent to 509 yen. Nomura advanced 1.9 percent to 707 yen.
Fuji Electronics Co. (9883 JT): The trader of electronic components said full-year net income fell 26 percent to 964 million yen. The company expects a 64 percent gain in profit to 1.58 billion yen this fiscal year. The shares rose 2.7 percent to 947 yen.
Nissan Motor Co. (7201 JT): Japan’s third-largest automaker and Renault SA (RNO FP) will take a combined 3.1 percent stake in Daimler AG (DAI GR) as part of an alliance, according to a filing to the Japanese Finance Ministry. Nissan slipped 0.4 percent to 825 yen.
Ryosan Co. (8140 JT): The distributor of electronic components said in a preliminary earnings statement that full- year net income was 2.9 billion yen, 21 percent above its profit outlook, with better-than-expected sales. The stock rose 1.7 percent to 2,558 yen.
Sala Corp. (2734 JT): The energy-supply company said first- quarter net income fell 23 percent to 147 million yen from a year earlier. The shares advanced 1.1 percent to 575 yen.
Sanei-International Co. (3605 JT): The apparel maker said same-store sales in March fell 5.2 percent from a year earlier. The stock rose 2.2 percent to 1,224 yen.
Satori Electric Co. (7420 JT): The electronic equipment trader boosted its full-year net income projection by 64 percent to 900 million yen. The company said its nine-month current profit, or pretax profit from operations, fell 20 percent to 1.06 billion yen, citing a foreign-exchange charge. The shares increased 3.3 percent to 658 yen.
Showa Denko K.K. (4004 JT): The world’s second-biggest hard-disk maker, may post an operating profit of 6 billion yen for the January-March period, compared with a year-earlier loss of 15.6 billion yen, on increased demand for hard-drive magnetic disks, Nikkei English News said. The stock rose 1 percent to 211 yen.
Suminoe Textile Co. (3501 JT): The interior products maker doubled its full-year net income forecast to 1.2 billion yen. The shares jumped 9.4 percent to 209 yen.
Tokyo Seimitsu Co. (7729 JT): The semiconductor manufacturing equipment maker probably had operating profit of about 600 million yen for the final quarter of fiscal 2009, compared with a 613 million yen loss in the preceding quarter, Nikkei English News reported. The stock fell 0.2 percent to 1,623 yen.
Usen Corp. (4842 JX): The cable broadcaster and Internet- service provider said it will sell its 38.99 percent stake in its fiber-optic communications unit Ucom Corp. for 5.06 billion yen. Usen rose 1.7 percent to 59 yen.