Bridgestone, Ebara, GS Yuasa, Hitachi, Inpex, Pioneer: 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.
Alps Electric Co. (6770 JT): The maker of auto electronics reported net income of 3.25 billion yen ($38 million) in the quarter ended June 30, compared with a net loss a year earlier, as sales increased by 24 percent. The company raised its full- year operating profit outlook by 10 percent. The stock slid 0.9 percent to 761 yen.
Asatsu-DK Inc. (9747 JT): Japan’s third-biggest advertising agency said it expects a full-year net loss of 2.5 billion yen, citing charges related to a drop in the value of securities. The company had forecast a profit of 100 million yen. The stock rose 0.9 percent to 2,121 yen.
Bridgestone Corp. (5108 JT): The world’s largest tiremaker boosted its full-year net income outlook by 18 percent to 91 billion yen, citing cost cuts. The company also raised its planned yearend dividend to 10 yen a share from 8 yen. The stock was unchanged at 1,577 yen.
Cosmo Oil Co. (5007 JT): The refiner will shut the 100,000 barrel-a-day crude-distillation unit at its Sakai refinery in western Japan from Aug. 20 until the end of September for maintenance, Rim Intelligence Co. reported on its website. The stock climbed 1.4 percent to 217 yen.
Credit Saison Co. (8253 JT): The consumer-credit company said first-quarter net income rose 34 percent to 6.75 billion yen, buoyed by cutbacks in advertising and by personnel costs. The stock slipped 1.7 percent to 1,135 yen.
Ebara Corp. (6361 JT): The pump maker posted first-quarter net income of 988 million yen, compared with a net loss of 1.98 billion yen a year earlier, as sales dropped. The company raised its first-half earnings projection. The stock gained 2.4 percent to 340 yen.
Edion Corp. (2730 JT): The electronics retail chain will repurchase up to 1.4 percent of its shares. The company also said its first-quarter net loss widened to 3.15 billion yen from 2.47 billion yen a year earlier, citing charges related to asset removals. The stock increased 1.6 percent to 706 yen.
GS Yuasa Corp. (6674 JT): The battery maker had first- quarter net income of 815 million yen, compared with a net loss a year earlier, as sales increased. The stock gained 1.1 percent to 552 yen.
Hitachi Ltd. (6501 JT): The electronics maker and BGR Energy Systems Ltd. (BGRL IN) will invest 45 billion rupees ($978 million) to form two power-equipment ventures in India, Reuters reported. Hitachi rose 0.5 percent to 373 yen.
Hitachi Zosen Corp. (7004 JT): The maker of industrial machinery said first-quarter net income fell 43 percent to 1.43 billion yen as sales declined. The stock advanced 1.6 percent to 126 yen.
Honda Motor Co. (7267 JT): The automaker will sell a hybrid mini-car in Japan from October for 1.59 million yen, the lowest price for a hybrid vehicle on the domestic market, Kyodo News reported. The stock rose 2.1 percent to 2,912 yen.
Hosiden Corp. (6804 JO): The electronic-parts maker lowered its full-year net income projection by 19 percent to 5 billion yen. The stock sank 2.8 percent to 872 yen.
IHI Corp. (7013 JT): The maker of heavy machinery will set up a unit in Rio de Janeiro to sell shipping and steel equipment in Brazil, where demand is growing, the Nikkei newspaper reported. The stock rose 1.9 percent to 163 yen.
Inpex Corp. (1605 JT): Japan’s biggest energy explorer said it bought a 25 percent stake in an onshore oil field in Peru from the local unit of Brazil’s state-owned Petroleo Brasileiro SA. Inpex increased 0.2 percent to 426,000 yen.
Kobe Steel Ltd. (5406 JT): The steelmaker plans to increase steel production in Thailand and China by about 50 percent to meet demand from auto-parts makers, the Nikkei newspaper reported. The stock advanced 1.1 percent to 187 yen.
Marubeni Corp. (8002 JT): The trading company may increase commercial-property development, doubling the number of business complexes it operates in five years, Nikkei English News said. The stock rose 1.4 percent to 493 yen.
Marui Group Co. (8252 JT): The department store chain and consumer lender raised its first-half net income forecast by 50 percent to 1.5 billion yen, citing lower administration costs. The stock was unchanged at 632 yen.
Nidec Copal Corp. (7756 JT): Nidec Corp. (6594 JT) plans to buy an additional 5.1 percent of Nidec Copal, increasing its holding to 66.7 percent, according to a statement. Nidec Copal rose 0.5 percent to 1,377 yen. Nidec increased 0.3 percent to 7,950 yen.
Panasonic Corp. (6752 JT): The electronics maker will integrate sales forces in India with those of subsidiaries Sanyo Electric Co. (6764 JT) and Panasonic Electric Works Co. as it prepares to take full control of them, Nikkei English News reported. Panasonic rose 1 percent to 1,111 yen. Sanyo was unchanged at 137 yen.
Panasonic Electric Works Co. (6991 JT): The building- materials maker said operations were interrupted at its plant in Shanghai on Aug. 5 after workers blocked the factory entrance. The stock rose 0.5 percent to 1,108 yen.
Pioneer Corp. (6773 JT): The maker of car-navigation systems and audio equipment had first-quarter net income of 598 million yen following a net loss a year earlier, as sales increased. The stock gained 1.6 percent to 317 yen.
Rohm Co. (6963 JO): The electronic-component maker had first-quarter net income of 4.19 billion yen on an 18 percent increase in sales. The company had a net loss of 3.72 billion yen a year earlier. The stock climbed 1.1 percent to 5,490 yen.
Sharp Corp. (6753 JT), Toshiba Corp. (6502 JT), Hitachi Ltd. (6501 JT): New York Attorney General Andrew M. Cuomo filed an antitrust action against the electronics makers and other technology companies accused of illegally fixing prices for liquid crystal display screens used in computers, televisions, and cell phones, according to an e-mailed statement. Sharp was unchanged at 937 yen. Toshiba increased 0.7 percent to 444 yen. Hitachi climbed 0.5 percent to 373 yen.
Sumitomo Metal Mining Co. (5713 JT): Japan’s top nickel producer and second-largest copper smelter said first-quarter net income more than tripled to 20.2 billion yen as sales jumped by 41 percent. The company raised its first-half operating profit forecast by 21 percent, citing a recovery in demand for copper, nickel and electronics. The stock lost 0.5 percent to 1,191 yen.
Tokai Carbon Co. (5301 JT): The maker of carbon-based industrial products said it will spend as much as 2 billion yen to buy back up to 2 percent of its shares. The company had first-half net income of 2.82 billion yen, rebounding from a year-earlier-loss, as sales jumped by 46 percent. The stock rose 0.7 percent to 454 yen.
Toyo Ink Manufacturing Co. (4634 JT): The maker of printing ink raised its first-half net income forecast by 50 percent to 5.1 billion yen on cost cuts. The stock advanced 0.6 percent to 338 yen.
Toyota Motor Corp. (7203 JT): The automaker plans to start production of the Prius hybrid in Thailand as early as this year, the Nikkei newspaper reported. The stock climbed 0.3 percent to 3,115 yen.
Watami Co. (7522 JT): The Japanese-style pub restaurant chain may post an operating loss of about 400 million yen for the quarter ended June 30 because of costs to open new stores, Nikkei English News reported. The stock was unchanged at 1,686 yen.