All Nippon, Honda, Nomura, Sony, Takeda: Japan Equity Preview
The following companies may have unusual price changes in Japanese trading on Nov. 1. 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.
Oct. 29 was the peak day for earnings reports in Japan, with about 270 of the 1,664 companies in the Topix index due to report results, according to data compiled by Bloomberg.
All Nippon Airways Co. (9202 JT): Asia’s largest listed carrier by sales said it agreed with the U.S. Department of Justice and freight forwarders to settle lawsuits over price fixing for passenger and cargo transport. Also, the airline raised its full-year net income forecast by 20 percent. The stock rose 0.3 percent to 305 yen.
Can Do Co. (2698 JT): The discount retailer plans to raise as much as 720 million yen ($8.9 million) in a public share sale, according to a filing with the nation’s finance ministry. The stock fell 0.1 percent to 92,700 yen.
Comsys Holdings Corp. (1721 JT): The telecommunication- systems company said it will repurchase as much as 3.6 percent of its total shares. The company also raised its full-year net income outlook by 38 percent to 10.1 billion yen. The stock slid 2.2 percent to 715 yen.
Dai-ichi Life Insurance Co. (8750 JT): The insurer said in a preliminary earnings statement that first-half net income was 29 billion yen, more than double its earlier forecast for 11 billion yen, following gains in derivative investments for hedging. The stock rose 0.1 percent to 97,600 yen.
Dainippon Screen Manufacturing Co. (7735 JT): The maker of chip equipment will sell its entire stake in Semes Co. to Samsung Electronics Co. (005930 KS) for 52.2 billion won ($46 million), ending its venture with the Korean electronics company. Also, Dainippon Screen said in a preliminary earnings statement first-half net income was 9.5 billion yen, beating its outlook by 42 percent. Dainippon Screen lost 1.7 percent to 458 yen.
Daiwa Securities Group Inc. (8601 JT): Japan’s second- largest brokerage posted a loss of 4.2 billion yen in the second quarter. Daiwa also said it will spend as much as 15 billion yen to buy back up to 2 percent of its outstanding shares. The stock slid 0.6 percent to 328 yen.
Fujifilm Holdings Corp. (4901 JT): The film maker reported first-half net income of 40.3 billion yen, compared with a year- earlier net loss. The company also said it will spend as much as 20 billion yen to buy back up to 1.5 percent of its outstanding shares. The stock sank 2.8 percent to 2,685 yen.
Hitachi Chemical Co. (4217 JT): The chemical maker posted a 57 percent jump in first-half net income and cut its full-year forecast by 5.4 percent. The stock fell 0.3 percent to 1,495 yen.
Honda Motor Co. (7267 JT): Japan’s second-largest carmaker raised its profit forecast as surging sales in Asia offset the negative effects of a stronger yen. The stock fell 0.3 percent to 2,937 yen.
House Foods Corp. (2810 JT): The food processor said it will buy back up to 2.7 percent of its shares and said first- half net income dropped 20 percent to 3.08 billion yen. The stock rose 0.1 percent to 1,189 yen.
Mazda Motor Corp. (7261 JT): Japan’s second-largest car exporter raised its full-year net income forecast as sales increased in North America and Asia. The stock dropped 2.4 percent to 205 yen.
Mitsui Fudosan Co. (8801 JT): Japan’s biggest property developer posted a 43 percent drop in first-half profit as condominium sales declined and the office-vacancy rate rose. The stock fell 1.6 percent to 1,521 yen.
Nitto Denko Corp. (6988 JT): The maker of chemical products raised its full-year net income forecast 14 percent to 50 billion yen and boosted its planned yearend dividend. The stock slid 1 percent to 3,010 yen.
Nomura Holdings Inc. (8604 JT): Japan’s biggest brokerage said profit plunged 96 percent in the second quarter, hurt by declines in trading and brokerage commissions. The stock sank 3 percent to 418 yen.
NSK Ltd. (6471 JT): The bearing maker increased its full- year net income projection to 22.5 billion yen from 21 billion yen. The stock slumped 4.4 percent to 610 yen.
Osaka Gas Co. (9532 JT): Japan’s second-biggest natural gas distributor raised its full-year net income forecast 22 percent to 45 billion yen, as the stronger yen may reduce raw-material costs. The company also said it will spend as much as 20 billion yen to repurchase up to 3.4 percent of its total shares. The stock gained 3.4 percent to 304 yen.
Panasonic Corp. (6752 JT): The world’s largest maker of plasma televisions had net income of 31 billion yen in the three months ended Sept. 30, exceeding the 28.9 billion yen average of four analyst estimates compiled by Bloomberg. The stock fell 1.2 percent to 1,183 yen.
Seiko Epson Corp. (6724 JT): The maker of office equipment raised its full-year net income forecast to 10 billion yen from its previous estimate of breakeven. The stock rose 0.2 percent to 1,283 yen.
Sony Corp. (6758 JT): Japan’s biggest exporter of consumer electronics raised its full-year profit forecast 17 percent, citing improved earnings at its games and personal- computer businesses. The stock slipped 1.4 percent to 2,690 yen.
Sumitomo Electric Industries Ltd. (5802 JT): The electric wire maker reported first-half net income of 41.4 billion yen, compared with a net loss a year earlier. The stock fell 1.1 percent to 1,027 yen.
Takeda Pharmaceutical Co. (4502 JT): The maker of the world’s top-selling diabetes pill, Actos, said first-half net income dropped 24 percent to 144.2 billion yen after the yen’s appreciation reduced the value of overseas revenue. The stock fell 0.3 percent to 3,770 yen.
Tokyo Electric Power Co. (9501 JT): Asia’s largest electricity generator raised its full-year earnings forecast by 23 percent. The stock advanced 2.5 percent to 1,925 yen.
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