Asahi Kasei, Cookpad, Sumco, Tokyo Dome, Touei Housing: Equity Preview
The following companies may have unusual price changes in Japanese trading on Sept. 6. 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.
Asahi Kasei Corp. (3407 JT): The chemicals company will sell its contact-lens business to a new company founded in Japan by California-based CooperVision Inc. The stock jumped 3.8 percent to 439 yen.
Cookpad Inc. (2193 JT): The operator of a recipe website said net income for the three months ended July 31 more than doubled to 209 million yen ($2.48 million) from 91 million yen on a parent basis, as the number of visitors and page views increased. Sales surged 76 percent. The stock advanced 2.5 percent to 4,350 yen.
Hiday Hidaka Corp. (7611 JT): The noodle-shop chain’s same- store sales in August rose 1.1 percent from a year earlier, the company said in a statement. The increase was the first since April. The stock dipped 0.2 percent to 1,089 yen.
Kanamoto Co. (9678 JT): The leaser of construction machinery reported net income of 1.1 billion yen compared with a net loss of 858 million yen a year earlier, as demand rose. Sales increased 13 percent. The stock climbed 1.4 percent to 441 yen.
Kourakuen Corp. (7554 JT): The noodle-shop operator said sales at restaurants open for at least 13 months fell 7.1 percent in August from the same month a year earlier as the number of customers dropped 7.5 percent. The stock slid 0.4 percent to 1,193 yen.
Sumco Corp. (3436 JT): The maker of silicon wafers for semiconductors narrowed its full-year net loss forecast to 12 billion yen ($142 million) from 20 billion yen, citing an increase in first-half demand. The company booked a loss of 100 billion yen last year. The stock advanced 2.2 percent to 1,466 yen.
Tokyo Dome Corp. (9681 JT): The baseball-stadium operator booked first-half net income of 1 billion yen, falling short of its forecast by 41 percent, as the number of events held at the stadium dropped, according to a preliminary earnings statement. The stock was unchanged at 212 yen.
Touei Housing Corp. (8875 JT): The homebuilder booked 3.44 billion yen in net income for the six months ended July 31, compared with a net loss of 130 million yen a year earlier. Sales fell 16 percent. The stock advanced 1.9 percent to 817 yen.