Daiseki, Komatsu, Mizuho, Nissan, Tact Home, Land: 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.
Daikokutenbussan Co. (2791 JT): The operator of discount stores for food products and sundry goods said full-year net income advanced 23 percent to 2.22 billion yen ($25 million), as sales rose. The retailer forecast net income will fall 8.5 percent to 2.03 billion yen this fiscal year. The stock rose 0.2 percent to 2,744 yen.
Daiseki Co. (9793 JT): The waste-disposal-service company said first-quarter net income rose to 896 million yen from 427 million yen a year earlier, with growing sales. The stock slipped 1.6 percent to 1,860 yen.
Daito Pharmaceutical Co. (4577 JT): The drugmaker said it expects first-half net income to fall 26 percent to 350 million yen, while it forecast full-year net income will rise 6.4 percent to 800 million yen. The stock sank 3.3 percent to 1,161 yen.
Doutor Nichires Holdings Co. (3087 JT): The coffee-shop operator said first-quarter net income rose 18 percent to 1.27 billion yen, while operating profit in the quarter dropped 12 percent. The stock lost 0.8 percent to 1,129 yen.
Hokuriku Electric Industry Co. (6989 JT): The maker of electronic components said it will sell 7.65 million existing shares to Sumitomo Metal Industries Ltd. (5405 JT) to raise about 1.3 billion yen. Hokuriku Electric advanced 0.6 percent to 181 yen. Sumitomo Metal Industries slid 1.9 percent to 208 yen.
IHI Corp. (7013 JT) and Kawasaki Heavy Industries Ltd. (7012 JT): The companies are among manufacturers joining with partners overseas to bid for rail projects, Nikkei English News reported. IHI declined 2 percent to 151 yen. Kawasaki Heavy gained 1.9 percent to 219 yen.
Index Holdings (4835 JQ): The provider of mobile-phone content said nine-month net income amounted to 722 million yen, rebounding from a net loss of 9.65 billion yen a year earlier. The stock gained 2.2 percent to 7,900 yen.
Komatsu Ltd. (6301 JT): The world’s second-largest maker of construction equipment raised its first-half net income forecast by 41 percent to 52 billion yen on rising demand from Asia and Latin America. The stock retreated 1.6 percent to 1,698 yen.
Kuraray Co. (3405 JT): The fiber maker intends to increase liquid-crystal-display film output 30 percent by the first half of 2012, Nikkei English News reported. The stock slid 0.3 percent to 1,086 yen.
Mizuho Financial Group Inc. (8411 JT): Japan’s second- largest publicly traded bank by assets will sell new shares to the public for 130 yen each to raise as much as 748 billion yen, according to a filing with Japan’s finance ministry. The stock declined 2.2 percent to 135 yen.
Land Co. (8918 JT): The condominium developer said it will sell 26.7 million new shares to three designated investors. The stock gained 3.5 percent to 30 yen.
Lawson Inc. (2651 JT), Matsumotokiyoshi Holdings Co. (3088 JT): Lawson, a convenience-store operator, and drugstore chain Matsumotokiyoshi will delay the creation of a venture to run hybrid stores, Nikkei English News said. Lawson rose 0.4 percent to 4,005 yen. Matsumotokiyoshi slid 0.3 percent to 1,890 yen.
Lintec Corp. (7966 JT): The maker of adhesive product may report operating profit of 5.5 billion yen for the April-to-June quarter, Nikkei English News said. That would be a record for a quarter, exceeding the 4.8 billion yen during the October-to- December period of 2007, Nikkei said. The stock lost 0.9 percent to 1,634 yen.
Nissan Motor Co. (7201 JT): Japan’s third-largest carmaker said it plans to double its dealer network in India by the end of the current fiscal year. The stock slumped 1.5 percent to 645 yen.
Royal Holdings Co. (8179 JT) and Sojitz Corp. (2768 JT): The companies are among potential bidders for Japan Airlines Corp.’s (9205 JT) TFK Corp. in-flight meal unit, Nikkei English News reported. Royal, a restaurant chain, fell 1.4 percent to 888 yen. Sojitz, a trading house, slid 1.4 percent to 142 yen.
Suminoe Textile Co. (3501 JT): The interior-products maker reported a full-year net profit of 1.41 billion yen following a net loss a year earlier. The company expects a 4.4 percent drop in net income this fiscal year. The stock lost 3.8 percent to 178 yen.
Tact Home Co. (8915 JT): The homebuilder expects net income to rise 9.1 percent to 3.42 billion yen this fiscal year on a 28 percent surge in sales. The stock rose 1.1 percent to 72,800 yen.
Yamato Holdings Co. (9064 JT): The parcel-delivery service company’s operating profit may have slid 36 percent to about 5 billion yen in the April-June quarter, Nikkei English News reported. The results were affected by a decline in the average fee charged for the company’s Takkyubin door-to-door delivery service, Nikkei said. The stock dropped 1.5 percent to 1,128 yen.