Chiba Bank, Pacific Metals, SMC, Sundrug, Taiheiyo Cement: 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.
Chiba Bank Ltd. (8331 JT): The regional lender said first- quarter net income rose 39 percent from a year earlier to 11.3 billion yen ($132 million). The stock retreated 1 percent to 517 yen.
Itoham Foods Inc. (2284 JT): The processor of hams, sausages and other meat products said it returned to a first- quarter net income of 2.1 billion yen from a loss of 1.08 billion yen a year earlier. Sales fell 1.6 percent to 107.8 billion yen, it said. The stock dropped 1.3 percent to 310 yen.
Kintetsu Corp. (9041 JT): The rail operator said first- quarter net income was 3.12 billion yen, compared with a net loss of 316 million yen a year earlier. The stock dropped 1.1 percent to 284 yen.
Matsumotokiyoshi Holdings Co. (3088 JT): The drugstore chain said it reversed to a first-quarter net loss of 525 million yen from a profit of 2.22 billion yen a year earlier. The stock declined 1.6 percent to 1,889 yen.
Nippon Telegraph & Telephone Corp. (9432 JT): NTT Communications Corp., a unit of the telephone company, has opted to acquired Secode AB for about 2 billion yen, Nikkei English News reported, without saying how it obtained the information. Nippon Telegraph shares gained 0.7 percent to 3,760 yen.
Nissan Motor Co. (7201 JT): The Renault-Nissan alliance dropped out of bidding for Ssangyong Motor Co. (003620 KS), the South Korean carmaker in bankruptcy protection, as a court official said the preferred buyer may be named tomorrow, according to a spokeswoman for Renault SA (RNO FP). Nissan slipped 0.5 percent to 662 yen.
Pacific Metals Co. (5541 JT): The metal producer said first-quarter net income rose to 4.83 billion yen from 1.14 billion yen a year earlier. Separately, the company cut its planned dividend for the year to 18 yen from 20 yen. The stock slid 1.2 percent to 665 yen.
SMC Corp. (6273 JT): The maker of directional-control devices said first-quarter net income was 12.8 billion yen, compared with 1.29 billion yen a year earlier. The stock was unchanged at 11,180 yen.
Sundrug Co. (9989 JT): The drugstore chain said first- quarter net income declined 13 percent to 1.91 billion yen from a year earlier, while sales rose 40 percent to 86.3 billion yen. The stock slid 0.4 percent to 2,232 yen.
Taiheiyo Cement Corp. (5233 JT): The cement maker said first-quarter net loss widened to 11 billion yen from 8.8 billion yen a year earlier. The stock rose 0.8 percent to 124 yen.
Tokyu Corp. (9005 JT): The railway operator said first- quarter net income was 10.6 billion yen, compared with 3 billion yen a year earlier. Sales fell 2.5 percent to 290.5 billion yen, it said. The stock slipped 1.6 percent to 374 yen.
Toppan Printing Co. (7911 JT): The printing company said first-quarter net income rose 81 percent to 1.93 billion yen from a year earlier. The stock gained 1.8 percent to 733 yen.
Toyota Motor Corp. (7203 JT): The carmaker halted auto exports to Iran to avoid conflict with U.S. and United Nations sanctions over Iran’s nuclear program, Nikkei English News reported, without saying where it got the information.
Separately, U.S. regulators said drivers of Toyota vehicles failed to apply the brakes in 35 of 58 crashes tied to unintended acceleration, bolstering the automaker. The shares climbed 0.2 percent to 3,075 yen.
Watami Co. (7522 JT): The Japanese-style pub restaurant chain said first-quarter net loss was 1.04 billion yen, compared with a profit of 524 million yen a year earlier. The stock retreated 0.4 percent to 1,688 yen.
Yamaguchi Financial Group Inc. (8418 JT): The lender said first-quarter net income rose 87 percent to 4.61 billion yen from a year earlier. The stock dropped 1.7 percent to 814 yen.
Yokogawa Electric Corp. (6841 JT): The maker of electronic measuring tools said first-quarter net loss narrowed to 2.38 billion yen from 6.78 billion yen a year earlier. Also, the company narrowed its first-half net loss forecast by 25 percent to 3 billion yen. The stock gained 0.6 percent to 507 yen.