Astellas, Nissan, Rakuten, Takara Bio: 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.
Astellas Pharma Inc. (4503 JT): Japan’s second-biggest drug manufacturer withdrew an application in Japan for approval of darexaban maleate, a drug for preventing strokes and blood clots, after a government agency requested further testing. The stock rose 0.6 percent to 3,315 yen.
Chugoku Electric Power Co. (9504 JT): The utility said it will delay the start of commercial operations of its Shimane No. 3 nuclear reactor to March 2012 from December 2011 because of problems with control rod drive installation. The stock advanced 0.4 percent to 1,733 yen.
Coca-Cola Central Japan Co. (2580 JT): The bottler said full-year net income more than doubled to 2.15 billion yen ($26 million) from 964 million yen a year earlier. The stock slid 0.3 percent to 1,128 yen.
Daihatsu Motor Co. (7262 JT): The minicar maker will invest 20 billion yen for a small-car plant in Indonesia that will start production in 2013 and eventually supply 70 percent of its output to Toyota Motor Corp., the Nikkei newspaper reported. The stock advanced 1 percent to 1,302 yen.
Horiba Ltd. (6856 JT)：The maker of medical instruments and measuring devices said full-year net income jumped to 7.93 billion yen from 3.16 billion yen a year earlier. The company expects a 0.9 percent rise in net income to 8 billion yen this year. The stock sank 2 percent to 2,585 yen.
J. Front Retailing Co. (3086 JT): The retailer said its sales dropped 5 percent in January from a year earlier. The stock slipped 1.4 percent to 439 yen.
Kakaku.com Inc. (2371 JT): The price-comparison website company said it plans to pay a full-year dividend of 3,800 yen per share. The company paid 2,400 yen per share a year earlier. The stock rose 0.1 percent to 466,000 yen.
Mitsubishi Motors Corp. (7211 JT): The carmaker will sell plug-in sport utility vehicles that can be charged at home starting in fiscal 2012, the Yomiuri newspaper reported. The stock fell 0.8 percent to 118 yen.
Nissan Motor Co. (7201 JT): The automaker’s January China auto sales rose 32.6 percent from a year earlier to 113,042 units, Xinhua News Agency reported. The stock increased 0.3 percent to 883 yen.
Park24 Co. (4666 JT): The parking-lot operator said sales rose 9.4 percent to 7.82 billion yen in January from the same month a year ago on a parent basis. The stock advanced 0.4 percent to 931 yen.
Rakuten Inc. (4755 JQ): The internet retailer said full- year net income fell 35 percent to 35 billion yen, while operating profit for the year rose 13 percent to 63.8 billion yen on growing sales. The stock lost 0.3 percent to 76,900 yen.
Sanyo Denki Co. (6516 JT): The maker of small precision motors said it will buy back 2.563 percent of its shares from a subsidiary. The stock rose 0.2 percent to 637 yen.
Takara Bio Inc. (4974 JT): The biopharmaceutical company said it will conduct a 400-for-1 stock split and change its minimum trading unit to 100 shares from 1 share. The stock was unchanged at 201,700 yen.
Yamaha Motor Co. (7272 JT): The world’s second-largest motorcycle maker is holding talks with a Spanish workers’ union over its plans to close a factory in the European nation, spokesman Shinichiro Irie said by phone from Tokyo. The stock plunged 11 percent to 1,525 yen.
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