Aiful, Citizen, Dai-ichi Life, Dentsu, Sumitomo Rubber: Equity Preview
The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.
Aiful Corp. (8515 JT): The consumer lender said first- quarter net income plunged 57 percent to 2.1 billion yen ($24.6 million) as tighter borrowing rules restricted loans. The stock lost 2.5 percent to 117 yen.
Citizen Holdings Co. (7762 JT): The watchmaker booked 1.12 billion yen in first-quarter net income, compared with a net loss of 496 million yen a year earlier. The stock slipped 0.8 percent to 491 yen.
Dai-ichi Life Insurance Co. (8750 JT): Japan’s No. 2 life insurer said first-quarter net income fell to 10.4 billion yen from 29.6 billion yen a year earlier. The stock fell 2.8 percent to 114,500 yen.
Dentsu Inc. (4324 JT): Japan’s largest advertising company cut its full-year net income forecast by 10 percent to 22.8 billion yen. The shares dropped 3.9 percent to 2,089 yen.
Hikari Tsushin Inc. (9435 JT): The mobile- telecommunication-subscription agency reported a first-quarter net loss of 2.3 billion yen, compared with net income of 516 million yen net income a year earlier. The stock slid 2.4 percent to 1,429 yen.
Hoshizaki Electric Co. (6465 JT): The kitchen-equipment maker’s first-half net income surged to 4.97 billion yen from 2.63 billion yen a year earlier. The stock retreated 2.4 percent to 1,493 yen.
Japan Tobacco Inc. (2914 JT): The world’s third-largest publicly traded cigarette maker said the percentage of Japanese who smoke fell to 23.9 percent in 2010 from 24.9 percent in 2009, citing the results of a survey. The stock lost 1.5 percent to 279,600 yen.
Meiji Holdings Co. (2269 JT): The manager of subsidiaries making dairy products said first-quarter net income more than doubled to 3.78 billion yen from 1.85 billion yen a year earlier. The stock fell 1.5 percent to 3,705 yen.
Mitsui O.S.K. Lines Ltd. (9104 JT), Nippon Yusen K.K. (9101 JT), Itochu Corp. (8001 JT): The companies plan to build a 30 billion yen container ship terminal in Vietnam, Nikkei English News reported. Mitsui O.S.K. fell 1.9 percent to 571 yen. Nippon Yusen declined 1.2 percent to 345 yen. Itochu sank 3.1 percent to 699 yen.
Nippon Telegraph and Telephone Corp. (9432 JT): The provider of telecommunication services said 94,600 telephone and Internet lines were down in Yokohama, Japan, as of 12:56 p.m. local time on Aug. 11. The company is investigating the cause. The stock fell 1.3 percent to 3,710 yen.
Olympus Corp. (7733 JT): The optical-equipment maker plans to increase its sales in Asia excluding Japan to 250 billion yen by fiscal 2014, more doubling 2009 sales, Nikkei English News reported, citing President Tsuyoshi Kikukawa. The stock declined 2.9 percent to 2,221 yen.
Orix Corp. (8591 JT): The financial services company plans to expand its Chinese unit, Nikkei English News reported. The stock retreated 3.9 percent to 6,670 yen.
Sumitomo Rubber Industries Ltd. (5110 JT): Japan’s second- largest tiremaker by market value raised its full-year profit forecast 40 percent to 14 billion yen on overseas demand. The shares dropped 3.5 percent to 834 yen.
Tokio Marine Holdings Inc. (8766 JT): The casualty insurer’s net income for the three months ended June 30 jumped 60 percent to 56.4 billion yen, while sales declined 4.8 percent. The stock decreased 1.9 percent to 2,328 yen.
Towa Corp. (6315 JO): The semiconductor equipment maker said it scrapped a plan to build a factory in Kyushu, southern Japan, to minimize an increase in fixed costs. The stock dropped 1.1 percent to 541 yen.
Trend Micro Inc. (4704 JT): The world’s third-biggest maker of security software reported 6.77 billion yen in first-half net income, down 24 percent from a year earlier. The shares fell 2.9 percent to 2,353 yen.