Asahi Breweries, Hitachi, NEC, Cookpad, Sumco, Tokyo Dome: 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.
Asahi Breweries Ltd. (2502 JT): Asahi Breweries and Kajima Corp. (1812 JT) plan to receive carbon credits by conservation efforts in company-owned forests, Nikkei English News reported. Asahi fell 1.6 percent to 1,598 yen. Kajima gained 0.5 percent to 205 yen.
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.
Hitachi Ltd. (6501 JT): The electrical and electronic equipment maker may hire recruits to be assigned abroad to bolster its business overseas, Nikkei English News reported. The stock fell 0.9 percent to 350 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.
Mitsubishi UFJ Financial Group Inc. (8306 JT): A unit of Bank of Tokyo-Mitsubishi UFJ has formed an alliance with Bank of China Ltd. to use its settlement network in China, Nikkei English News said. The stock rose 0.8 percent to 403 yen.
NEC Corp. (6701 JT): The electronics manufacturer has developed recognition technology that can reliably determine the gender and approximate age of anyone looking at an advertising display, the Wall Street Journal reported. The stock rose 1.4 percent to 217 yen.
NPC Inc. (6255 JT): The maker of solar-panel manufacturing equipment said it will spend 8.8 million euros ($11 million) to acquire Germany’s Meier Solar Solutions GmbH, which went into receivership in July. The stock lost 0.1 percent to 1,554 yen.
Sumco Corp. (3436 JT): The maker of silicon wafers for semiconductors narrowed its full-year net loss forecast to 12 billion yen 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.
Suzuki Motor Corp. (7269 JT): The automaker plans to build a factory in India to start operations as early as 2013, the Nikkei newspaper said. Local unit Maruti Suzuki India Ltd. will spend about 30 billion yen on the plant, the report said. The stock gained 2.1 percent to 1,752 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.
Toyota Motor Corp. (7203 JT): The automaker will add two models to its Prius hybrid line in Japan later this year, the Nikkei newspaper said. The stock rose 2.1 percent to 2,909 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.