Asahi, All Nippon Air, NTT, Sanyo, Sumitomo Mitsui, Yaskawa: Stock 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.
Asahi Breweries Ltd. (2502 JT): The brewery will sell beer in Malaysia through Carlsberg A/S’s sales network, Nikkei English News said. Asahi fell 1.7 percent to 1,471 yen.
All Nippon Airways Co. (9202 JT): Asia’s second-largest carrier by sales will merge four sales units on Oct. 1. ANA Sales Co. will absorb the Hokkaido, Kyushu and Okinawa regional units, the airline said in a statement. The stock lost 0.3 percent to 296 yen.
Artnature Inc. (7823 JQ): The wig maker said June parent sales advanced 6.6 percent from the same month a year earlier, recovering from a drop of 6 percent in May. The stock slipped 0.9 percent to 770 yen.
Dowa Holdings Co. (5714 JT): The metal-products smelter’s pretax profit may have risen 70 percent to 6 billion yen for the quarter ended in June, helped by sales of electronics materials and rolled copper, Nikkei English News reported. The stock lost 2.1 percent to 429 yen.
Idec Corp. (6652 JT): The maker of electronic switches doubled its first-half net income projection to 400 million yen, helped by sales in China and other Asian countries. The stock fell 1.6 percent to 838 yen.
Growell Holdings Co. (3141 JT): The drugstore operator said nine-month net income rose 42 percent to 2.42 billion yen on a 20 percent gain in sales. The stock jumped 3.7 percent to 1,970 yen.
Kenedix Inc. (4321 JT): The real-estate-investment company will raise as much as 16.3 billion yen by selling shares to the public and to Itochu Corp. (8001 JT), according to a filing with Japan’s finance ministry. Kenedix retreated 5.9 percent to 14,780 yen. Itochu slumped 2.8 percent to 701 yen.
Kureha Corp. (4023 JT): The maker of chemical products will boost its annual output of materials used in lithium-ion batteries at a factory in Iwaki city to 1,600 tons from the current 600 tons by January 2012 to meet higher demand for used car batteries. The stock slid 0.7 percent to 453 yen.
Maruei Department Store Co. (8245 JT): The retailer said it will sell 30 million new shares to Kowa Co., a closely held trading house, to raise 3.43 billion yen. Separately, Maruei widened its full-year net loss outlook to 4.82 billion yen from 1.28 billion yen. Maruei declined 2.8 percent to 106 yen.
Nintendo Co. (7974 JO): U.S. sales of Nintendo’s DS handheld video-game player fell by a third in June amid an overall decline in U.S. video-game sales to $1.17 billion. Nintendo also sold 422,500 Wii consoles in the U.S. in June, a 16 percent gain from a year earlier, researcher NPD Inc. said in a statement. Nintendo declined 3.6 percent to 25,030 yen.
Nippon Telegraph & Telephone Corp. (9432 JT): Japan’s largest phone company said it agreed to buy South Africa’s Dimension Data Holdings Plc (DDT SJ) for 2.1 billion pounds ($3.2 billion) in cash to expand globally. NTT lost 1.6 percent to 3,705 yen.
Nippon Yusen K.K. (9101 JT): The shipping line may have posted pretax profit of about 30 billion to 35 billion yen for the quarter ended June on higher shipping demand, especially in emerging markets, Nikkei English News reported. The stock slid 2.6 percent to 332 yen.
Sanyo Electric Co. (6764 JT): The maker of electrical appliances will sell its money-losing semiconductor operations to ON Semiconductor Corp. (ONNN US) for about 33 billion yen to focus more on its battery businesses. Sanyo fell 0.9 percent to 113 yen.
Sakata Seed Corp. (1377 JT): The seed wholesaler said it expects a 30 percent gain in net income to 1.3 billion yen this fiscal year. The stock slipped 0.4 percent to 1,160 yen.
Sanei-International Co. (3605 JT): The apparel maker reported nine-month net income of 351 million yen from a year- earlier net loss. Operating profit in the period fell 8.1 percent on falling sales. The stock gained 4.4 percent to 1,178 yen.
Sumitomo Mitsui Financial Group Inc. (8316 JT): The company’s banking unit will ally on business lending with the Export-Import Bank of Korea (EIBZ KS), also known as Kexim, Nikkei English News said. Sumitomo Mitsui dropped 2.1 percent to 2,522 yen.
Yaskawa Electric Corp. (6506 JT): The maker of servomotors and controllers said its first-quarter net loss narrowed to 1.06 billion yen on a 37 percent surge in sales. The company tripled its first-half profit forecast to 1.5 billion yen. The stock slumped 2.1 percent to 707 yen.