Elpida, Nissan, Sapporo, Sony, Toshiba: Japan Equity Preview
The following companies may have unusual price changes in Japanese trading today. 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.
Dydo Drinco Inc. (2590 JT): The drinks maker, which also sells its products through vending machines and convenience stores, said November sales fell 7.5 percent from a year earlier. The stock declined 0.7 percent to 2,909 yen.
Elpida Memory Inc. (6665 JT): The world’s third-largest maker of computer-memory chips plans to raise NT$3.7 billion ($122 million) by selling Taiwan Depositary Receipts. The stock slipped 0.4 percent to 1,052 yen.
Honda Motor Co. (7267 JT): The carmaker plans to double hybrid vehicles sales in Japan to more than 20 percent in the next fiscal year, Nikkei English News reported, citing a company sales plan. The stock increased 0.7 percent to 3,085 yen.
KDDI Corp. (9433 JT): S&T System Integration & Technology Distribution AG (SNT AV) said that KDDI is among “investors exploring an interest” in the Austrian company that designs and installs business software and may take as much as a 29.99 percent stake in S&T via a share sale. KDDI shares slipped 0.4 percent to 490,000 yen.
Marui Group Co. (8252 JT): The retailer and consumer lender plans to sell private-brand products on Rakuten Inc.’s (4755 JQ) website, the companies said in a joint statement. Marui rose 0.7 percent to 685 yen. Rakuten fell 0.5 percent to 63,800 yen.
Nippon Yusen K.K. (9101 JT): The shipping line plans to spend about 20 billion yen ($239 million) for a 50 percent stake in Norwegian tanker operator Knutsen Offshore Tankers ASA, Nikkei English News reported, without saying where it got the information. Nippon Yusen stock gained 0.3 percent to 357 yen.
Nissan Motor Co. (7201 JT): The automaker’s Indian unit expects to export 110,000 Micra small cars in the next year, said Kiminobu Tokuyama, chief executive of the local unit. The stock rose 1.3 percent to 797 yen.
Ryohin Keikaku Co. (7453 JT): The operator of the Muji retail chain may see its group operating profit drop 18 percent to about 10 billion yen ($120 million) for the nine months ending Nov. 30, Nikkei English News reported, without saying where it got the information. The shares slid 0.8 percent to 3,315 yen.
Sapporo Holdings Ltd. (2501 JT): The Japanese brewer of Yebisu beer said it will cooperate with Maeil Dairy Industry Co. (005990 KS) to sell beer in South Korea. Sapporo shares were unchanged at 338 yen.
Sony Corp. (6758 JT): Japan’s biggest exporter of consumer electronics will resume sales of its electronic-book readers in Japan for the first time since 2007 amid the growing popularity of digital publications, the company said before the close of stock trading in Tokyo. Shares increased 0.8 percent to 2,894 yen.
Toshiba Corp. (6502 JT): Westinghouse Electric Co., owned by Toshiba, expects additional orders for its AP1000 nuclear reactors from China after selling four units to the world’s fastest-growing market for the power-generating technology, said Jack Allen, Westinghouse’s president for Asia. Toshiba shares advanced 0.2 percent to 423 yen.
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