Acom, Askul, Daihatsu, Leopalace21, Sharp, Toyota: Japanese Equity Preview
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.
Acom Co.(8572 JT): The Japanese consumer-finance company said it will take a 10.2 billion yen ($115 million) charge on investments for the quarter ended June 30. The stock was unchanged at 1,155 yen.
Askul Corp. (2678 JT): The distributor of office equipment said full-year net income fell 23 percent from a year earlier to 3.49 billion yen. The stock rose 1 percent to 1,518 yen.
Daihatsu Motor Co. (7262 JT): The automaker, a subsidiary of Toyota Motor Corp., will develop minicars for sale in Southeast Asia, the Tokyo Shimbun newspaper reported, without saying where it obtained the information. Daihatsu’s stock was unchanged at 830 yen.
Eisai Co. (4523 JT): The drugmaker will sell a hunger- curbing pill from Arena Pharmaceuticals Inc. (ARNA US) in the U.S. if the obesity drug is approved. Eisai fell 1.9 percent to 2,900 yen.
Honda Motor Co. (7267 JT): Japan’s second-largest carmaker said its June U.S. sales of Honda and Acura brand vehicles rose 6.2 percent, Christina Ra, a spokeswoman for Honda said in a telephone interview. The average estimate of analysts surveyed by Bloomberg was an increase of 9 percent. The stock declined 3.3 percent to 2,512 yen.
Joshin Denki Co. (8173 JT): The home-appliance retailer will sell 2.5 billion yen of convertible bonds to the public to invest in stores. The stock lost 0.2 percent to 896 yen.
JX Holdings Inc. (5020 JT): The oil refiner said it will build a liquefied-natural-gas facility on Japan’s northern island of Hokkaido. The stock fell 0.7 percent to 434 yen.
Lawson Inc. (2651 JT): The convenience-store operator likely posted an 8 percent drop to about 11.2 billion yen in group operating profit for the quarter ended in May on weak sales of boxed lunches and drinks, Nikkei English News reported, without saying where it got the information. The stock declined 0.8 percent to 3,855 yen.
Leopalace21 Corp. (8848 JT): The property developer said it will take a charge of 2.6 billion yen in the quarter that ended June 30 after a stronger yen reduced the value of earnings from overseas. The stock slumped 6.4 percent to 262 yen.
Mitsui & Co. (8031 JT): The Japanese trading company agreed with Dow Chemical Co., the world’s biggest chlorine maker, to construct a factory in Texas that will produce the chemical used in vinyl products such as PVC pipes, Dow said. Mitsui declined 2.4 percent to 1,029 yen.
Nissan Motor Co. (7201 JT): Japan’s third-largest automaker said U.S. June sales of its Nissan and Infiniti brand vehicles rose 11 percent, according to Brian Brockman, a Nissan spokesman. The average estimate of analysts surveyed by Bloomberg was an increase of 27 percent. The stock slumped 3.2 percent to 606 yen.
Promise Co. (8574 JT): Japan’s second-largest consumer lender said 966 employees agreed to quit as the company reduces the number of workers and branches to cope with tougher regulations for loans. The Tokyo-based company said it will take a 6.8 billion yen one-time charge in the year ending March 31. The stock declined 4 percent to 579 yen.
Seven & I Holdings Co. (3382 JT): Japan’s largest operator of convenience stores said first-quarter net income rose 2.5 percent from a year earlier to 24.3 billion yen. The stock slid 1.1 percent to 2,025 yen.
Sharp Corp. (6753 JT): The electronics maker may more than double its production capacity of solar cells by March 2013, Tetsuo Onishi, head of the company’s solar system unit, said at a conference. The stock lost 1.7 percent to 930 yen.
Toshiba Corp.?(6502 JT): The electronics company will supply lithium-ion batteries for an electric vehicle that Mitsubishi Motors Corp. (7211 JT) will introduce soon, Nikkei English News said, without saying where it got the information. Toshiba slipped 1.4 percent to 439 yen. Mitsubishi Motors lost 0.9 percent to 112 yen.
Toyota Motor Corp. (7203 JT): The world’s biggest carmaker said its total June U.S. vehicle sales rose 6.8 percent. The average estimate of analysts surveyed by Bloomberg was an increase of 9 percent. The stock dropped 2.3 percent to 3,010 yen.
Uny Co. (8270 JT): The department store chain reported first-quarter net income of 180 million yen, compared with a net loss of 3.43 million a year earlier. The stock fell 2.9 percent to 660 yen.