Bic Camera, Dentsu, Tokyo Electron: 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.
Bic Camera Inc. (3048 JT): The consumer-electronics retailer had fiscal first-quarter net income of 703 million yen ($8.5 million) compared with a net loss of 949 million yen a year earlier. The stock advanced 1 percent to 34,250 yen.
Cosmos Pharmaceutical Corp. (3349 JT): The drugstore operator said first-half operating profit rose 11 percent to 4.94 billion yen. The retailer boosted its planned full-year dividend to 35 yen from 23 yen. The stock declined 1.2 percent to 3,235 yen.
Daikokutenbussan Co. (2791 JT): The operator of discount stores for food products and sundry goods raised its full-year net income outlook 9.7 percent to 2.23 billion yen, citing growing sales and lower administration costs. The stock gained 1 percent to 2,874 yen.
Dentsu Inc. (4324 JT): Japan’s largest advertising company said sales on a parent basis rose 6.3 percent in December from a year earlier. The stock slipped 0.3 percent to 2,571 yen.
Kewpie Corp. (2809 JT): The mayonnaise maker said net income rose 18 percent to 10.6 billion yen in the fiscal year ended Nov. 30. The company expects net income to rise 1.8 percent to 10.8 billion yen this business year. The stock slid 0.2 percent to 1,040 yen.
Kohnan Shoji Co. (7516 JT): The home-center chain said nine-month net income almost tripled to 5.47 billion yen from 1.83 billion yen a year earlier. The retailer raised its full- year net income outlook 11 percent to 5.69 billion yen. The stock gained 2.9 percent to 1,093 yen.
Lintec Corp. (7966 JT): The maker of adhesive products said it will form a subsidiary in Thailand to make film and other materials for use in cars and electronics. The stock slumped 1.4 percent to 2,192 yen.
Maruichi Steel Tube Ltd. (5463 JT) and Toyota Tsusho Corp. (8015 JT): The companies will invest 500 million rupees ($11 million) to boost production of stainless steel in India, according to a statement on Maruichi’s website. Maruichi Steel, a steel-pipe maker, rose 1.2 percent to 1,806 yen. Toyota Tsusho, a trading company affiliated with Toyota Motor Corp. (7203 JT), lost 0.8 percent to 1,509 yen.
Mitsui & Co. (8031 JT): The trading company is in talks to acquire the remaining stake it doesn’t already own in Brazilian grain broker Multigrain SA from CHS Inc. and another shareholder, two people familiar with the discussions said. Mitsui gained 0.4 percent to 1,436 yen.
Round One Corp. (4680 JT): The bowling-alley operator said same-store sales in December rose 3.3 percent from the same period a year earlier. The stock retreated 1.5 percent to 521 yen.
Sankyo-Tateyama Holdings Inc. (3432 JT): The aluminum-mesh maker cut its full-year net income forecast 20 percent to 2.4 billion yen. The stock gained 2.8 percent to 112 yen.
Sony Corp. (6758 JT): The electronics maker will close a CD manufacturing plant in Pitman, New Jersey, in late March, cutting about 300 jobs, the Philadelphia Inquirer said, citing company spokeswoman Lisa Gephardt. The stock slid 0.4 percent to 2,997 yen.
Tokyo Electric Power Co. (9501 JT): Asia’s largest utility said it used 21 percent less fuel oil in 2010 from a year earlier after the company resumed operations of nuclear reactors closed by an earthquake. The stock rose 0.1 percent to 1,977 yen.
Tokyo Electron Ltd. (8035 JT): The world’s second-largest maker of semiconductor equipment said third-quarter orders fell to 143 billion yen from 172.7 billion yen in the preceding quarter. The stock increased 0.8 percent to 5,370 yen.
Toyota Motor Corp. (7203 JT): The automaker will invest 10 billion yen in its first production lines to make lithium-ion batteries for plug-in hybrid vehicles, the Nikkei newspaper reported. The stock advanced 1.3 percent to 3,500 yen.
To contact the editor responsible for this story: Nick Gentle at email@example.com.