Cookpad, Cybozu, Don Quijote, FreeBit, Mercian, Sankyo: Equity Preview
The following companies may have unusual price changes in Japanese trading on June 14. 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.
Cookpad Inc. (2193 JT): The operator of a recipe website expects parent full-year profit to rise 25 percent to 707 million yen ($7.7 million) on a sales increase. The company decided to pay a year-end dividend of 5 yen, and will conduct a 2-for-1 stock split for shareholders of record as of June 30, according to a separate release. The stock jumped 4.1 percent to 8,800 yen.
Cybozu Inc. (4776 JT): The developer of Internet software raised its full-year net income forecast 38 percent to 330 million yen, citing lower-than-expected costs and revisions to investment plans. The company increased its planned year-end dividend to 464 yen from 69 yen. The stock climbed 3.4 percent to 35,150 yen.
Don Quijote Co. (7532 JT): The discount retailer plans to raise 6 billion yen selling 2.42 million existing shares to overseas investors. The stock rose 3.9 percent to 2,466 yen.
FreeBit Co. (3843 JT): The Internet-services provider forecast a 41 percent drop to 600 million yen full-year profit. It also forecast sales will rise 16 percent. The stock increased 0.8 percent to 312,500 yen.
Mercian Corp. (2536 JT): The maker of alcoholic beverages is investigating “improper” business transactions that may have cost it 6.5 billion yen, according to a press release. The stock was unchanged at 173 yen.
Round One Corp. (4680 JT): The bowling-alley operator said its same-outlet sales in May declined 10.3 percent from a year earlier. The stock rose 0.4 percent to 526 yen.
Sankyo Co. (6417 JT): The maker of pachinko machines will spend as much as 15 billion yen to repurchase up to 3.11 percent of its outstanding shares. The stock rose 0.7 percent to 3,860 yen.
Token Corp. (1766 JT): The homebuilder said it expects full-year net income will fall 29 percent to 2.74 billion yen on lower sales. It booked a 22 percent decline in profit for the year ended April 30. The stock was little changed at 2,630 yen.
Tokyo Dome Corp. (9681 JT): The baseball stadium operator posted net income of 41 million yen for the three months ended April 30, compared with a loss of 2.54 billion yen a year earlier. The stock gained 1.7 percent to 235 yen.