AOC, Bridgestone, NEC, Nissan, Pioneer: Japan Equity Preview
The following companies may have unusual price changes in Japanese trading tomorrow. 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.
Aiful Corp. (8515 JT): Japan’s third-biggest consumer lender posted net income of 9.69 billion yen ($118 million) in the nine months ended Dec. 31, rebounding from a year-earlier- loss. The stock advanced 2.3 percent to 88 yen.
AOC Holdings Inc. (5017 JT): The oil explorer delayed oil production from a field off the Norway coast to later this year after construction was delayed by bad weather. Separately, AOC raised its full-year net income projection to 1.2 billion yen from 100 million yen. The stock increased 0.6 percent to 522 yen.
Asahi Glass Co. (5201 JT): The glassmaker will invest about 20 billion yen for a float glass furnace in Japan to make cover glass used in mobile devices. Also, the company said it expects net income to rise 5.5 percent to 130 billion yen this year, while it forecasts operating profit will fall 4 percent to 220 billion yen. The stock gained 0.6 percent to 1,098 yen.
Bridgestone Corp. (5108 JT): The world’s largest tiremaker will raise tire prices in Japan to pass on a widespread increase in the costs of raw materials, Bridgestone said on its Web site. The stock rose 0.4 percent to 1,613 yen.
Citizen Holdings Co. (7762 JT): The watchmaker posted a 92 percent gain in nine-month net income to 7.34 billion yen on sales growth. The stock gained 0.9 percent to 560 yen.
NEC Corp. (6701 JT): Japan’s biggest personal computer maker is in talks with Lenovo Group Ltd. to ally on server sales in China, a move that would extend the joint venture announced last month between the two personal-computer makers. NEC increased 0.9 percent to 238 yen.
Nissan Motor Co. (7201 JT): Japan’s second-largest automaker raised its full-year net income forecast by 17 percent to 315 billion yen for the year ending March 31. The stock advanced 2.5 percent to 893 yen.
Ocean System Corp. (3096 JQ): The supermarket owner said it will buy back up to 5.17 percent of its total shares. The stock gained 1.8 percent to 784 yen.
Pioneer Corp. (6773 JT): The maker of car-navigation systems and audio equipment posted nine-month net income of 10.3 billion yen, compared with a 44.7 billion yen loss a year earlier. Also, Pioneer will ally with Asia Optical Group on parts production in Brazil through a joint venture. Pioneer slumped 1.6 percent to 378 yen.
Shimadzu Corp. (7701 JT): The maker of measuring instruments and precision tools said nine-month net income more than doubled to 3.64 billion yen from 1.73 billion yen a year earlier. The stock lost 1.8 percent to 647 yen.
Showa Denko K.K. (4004 JT): The chemical products maker said it expects net income to gain 65 percent to 21 billion yen this year. The stock rose 0.5 percent to 192 yen.
Sumitomo Rubber Industries Ltd. (5110 JT): Japan’s second- largest tiremaker by market value raised its full-year net income outlook 50 percent to 21 billion yen and boosted its planned yearend dividend to 12 yen per share from 8 yen per share. The stock retreated 1 percent to 865 yen.
THK Co. (6481 JT): The maker of industrial machinery raised its full-year net income forecast 2.6 percent to 12 billion yen. The stock declined 1.8 percent to 2,235 yen.
Toshiba Corp. (6502 JT): The power-equipment maker and a unit of OAO Atomenergoprom will begin talks to form a venture to sell enriched uranium, according to a statement on the Japanese company’s website. Toshiba sank 1.5 percent to 513 yen.
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