Asics, Hogy Medical, Kabuki-za, Matsuya, Suminoe Textile: 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.
Asics Corp. (7936 JT): The sports-equipment maker said it will acquire Sweden’s Haglofs Holding AB for 11.4 billion yen ($128 million). Asics climbed 1.9 percent to 859 yen.
Chiyoda Integre Co. (6915 JT): The electronic-components maker turned to nine-month operating profit of 964 million yen from a year-earlier loss, with an 8.7 percent rise in sales. Net income in the period fell 40 percent to 308 million yen. The stock slid 0.4 percent to 1,149 yen.
Cosmos Pharmaceutical Corp. (3349 JT): The drugstore operator said full-year net income jumped 55 percent to 4.4 billion yen on sales growth. The company expects net income to fall 17 percent to 3.65 billion yen this fiscal year. The stock advanced 1.5 percent to 1,933 yen.
Fujifilm Holdings Corp. (4901 JT): The filmmaker may post first-quarter operating profit of about 40 billion yen on demand for protective film used in LCD panels and cost cuts, Nikkei English News said. The company a year earlier reported a loss of 2.7 billion yen. The stock declined 0.6 percent to 2,706 yen.
Hamamatsu Photonics K.K. (6965 JT): The maker of electron tubes and semiconductors wants to use the China market as part of its strategy to expand sales, Nikkei English News reported, citing an interview with Akira Hiruma, the company’s president. The stock rose 0.4 percent to 2,586 yen.
Hitachi Ltd. (6501 JT): The electronics and industrial group said delivery of electronic controls to Nissan Motor Co. (7201 JT) and other companies was delayed. The parts could not be delivered on time because a key component to make them was not available from suppliers to Hitachi, the electronics maker said. Hitachi advanced 1.2 percent to 349 yen. Nissan rose 1.9 percent to 655 yen.
Hogy Medical Co. (3593 JT): The surgical tools maker said first-quarter operating profit rose 9.1 percent to 2.16 billion yen, citing improved productivity and cost cuts. The stock dropped 2.1 percent to 4,160 yen.
Kabuki-za Co. (9661 JT): The company swung to a first- quarter net loss of 149 million yen from a year-earlier profit, citing the closure of a theater in Tokyo’s Ginza area. The stock fell 0.4 percent to 3,530 yen.
Kakiyasu Honten Co. (2294 JQ): The meat producer and restaurant operator said same-store sales in June fell 3.7 percent to 2.33 billion yen from the same month a year earlier. The stock was unchanged at 988 yen.
Kubota Corp. (6326 JT): The tractor maker will spend 10 billion yen to build a plant in Thailand, the Nikkan Kogyo newspaper reported. The stock rose 0.1 percent to 695 yen.
Life Corp. (8194 JT): The supermarket chain said first- quarter net income fell 28 percent to 1.09 billion yen, citing a decline in same-store sales and costs to open stores. The stock gained 1.5 percent to 1,429 yen.
Marubeni Corp. (8002 JT): The trading house wants to form a pact with China Petroleum & Chemical Corp. (600028 CH) to win about 100 billion yen in orders to build oil-related facilities in emerging markets over five years, Nikkei English News reported. Marubeni lost 1.3 percent to 464 yen.
Matsuya Co. (8237 JT): The department-store chain tripled its first-half net income outlook to 300 million yen, citing higher-than-expected sales. The stock retreated 1.6 percent to 749 yen.
Mitsui & Co. (8031 JT): Mitsui Oil Exploration Co., which has a 10 percent stake in the leaking Gulf of Mexico Macondo well, won’t pay BP Plc for cleanup costs until the cause of the disaster and other details are known, Nikkei English News said. BP wants the Mitsui & Co. unit to pay $111 million, the Nikkei said. The stock gained 1.7 percent to 1,153 yen.
Nippon Yusen K.K. (9101 JT): The shipping line plans to spend 160 billion yen to increase its cargo fleet by 40 ships during the next five years to target emerging markets, Nikkei English News said. The stock advanced 0.3 percent to 333 yen.
Ringer Hut Co. (8200 JT): The noodle restaurant chain raised its first-half net income projection 48 percent to 400 million yen. The stock rose 0.2 percent to 988 yen.
Shochiku Co. (9601 JT): The movie maker’s operating profit for the March-to-May quarter may have increased seven-fold to 1.8 billion yen, Nikkei English News reported. The stock dropped 1.3 percent to 634 yen.
Suminoe Textile Co. (3501 JT): The interior products maker said in a preliminary earnings statement full-year net income amounted to 1.41 billion yen, beating its forecast by 18 percent, citing lower administration costs. The stock was unchanged at 185 yen.
Toho Co. (9602 JT): The movie maker said first-quarter net income rose 13 percent to 2.8 billion yen. The stock slipped 1.1 percent to 1,511 yen.
Toyo Electric Manufacturing Co. (6505 JT): The electric- equipment maker’s full-year operating profit fell 30 percent to 975 million yen, 25 percent below its forecast. The company expects a 64 percent gain in operating profit to 1.6 billion yen this fiscal year. The stock jumped 4.7 percent to 443 yen.