J. Front, Frontier Real Estate, Kirin, Laox, UKC: Japan 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.
J. Front Retailing Co. (3086 JT): The clothing retailer said sales at its stores in July fell 3.4 percent on the year. The stock was unchanged at 382 yen.
Japan Airport Terminal Co. (9706 JT): The operator of buildings at Tokyo’s Haneda Airport is projecting an operating profit of about 200 million yen ($2.3 million) this fiscal year from a new international passenger terminal at Tokyo’s Haneda airport that is scheduled to open on Oct. 21, Nikkei English News reported. The stock rose 0.2 percent to 1,469 yen.
Kirin Holdings Co. (2503 JT): Japan’s biggest beverage maker cut its full-year net income forecast by 27 percent to 35 billion yen for the year ending Dec. 31. The shares climbed 0.6 percent to 1,181 yen.
Marubeni Corp. (8002 JT): The trading house will ally with Cargill Inc. (3091Z US) to work on projects, such as biomass and wind power generation, to earn carbon credits for resale, Nikkei English News said. Marubeni slid 2.4 percent to 454 yen.
Laox Co. (8202 JT): The electronics retailer will sell 26.6 million shares to Suning Appliance Co. and Nihon Kanko Menzei to raise 2.49 billion yen, the company said. The stock dropped 3.9 percent to 100 yen.
Mitsubishi Heavy Industries Ltd. (7011 JT): The machinery maker may increase Thai-based production of automobile engine turbochargers by 100 percent to 1 million units annually, Nikkei English News reported. The stock fell 0.3 percent to 313 yen.
Rakuten Inc. (4755 JQ), Tokyo Broadcasting System Holdings Inc. (9401 JT): The online retail site operator said it won approval to appeal to the Supreme Court a ruling that limited the price it may get for its stake in Tokyo Broadcasting System, a company it had once sought to acquire. Rakuten fell 0.2 percent to 64,700 yen. Tokyo Broadcasting slid 0.2 percent to 1,059 yen.
Sumitomo Mitsui Financial Group Inc. (8316 JT): The company’s Sumitomo Mitsui Finance and Leasing may acquire a majority stake in Sony Finance International, a Sony Corp. (6758 JT) leasing unit, for several billion yen, the Mainichi newspaper reported. Sumitomo Mitsui fell 0.3 percent to 2,580 yen. Sony lost 3 percent to 2,535 yen.
UKC Holdings Corp. (3156 JT): The wholesaler of semiconductors and electronics parts plans to raise as much as 2 billion yen by selling shares to the public, the company said. The stock increased 0.3 percent to 1,001 yen.