Astellas, JR East, Toyota, Tepco: 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.
Access Co. (4813 JT): The developer of mobile-phone and online-browser software said in a preliminary earnings statement it had a full-year net income of 423 million yen ($5.2 million). The company had forecast a 350 million yen loss. The stock climbed 7.8 percent to 84,400 yen.
Astellas Pharma Inc. (4503) (4503 JT): Japan’s second-biggest drugmaker said subsidiary OSI Pharmaceuticals Inc. agreed with Teva Pharmaceutical Industries Ltd. to settle a pending patent- infringement lawsuit for the Tarceva lung-cancer drug. Astellas slid 2.8 percent to 2,894 yen.
East Japan Railway Co. (9020) (9020 JT): The nation’s largest train operator’s Tohoku bullet train tunnels and bridges showed no serious damage after the 9.0 magnitude March 11 earthquake in the area, the economy and industries ministry’s railway bureau said. East Japan Railway, known as JR East, rose 5 percent to 4,380 yen.
Fujitsu Ltd. (6702) (6702 JT): The electronics maker will resume production at night at a mobile phone plant in Tochigi prefecture that was halted due to power outages imposed after Japan’s March 11 quake, Kyodo News reported, citing the company. The stock rose 3.7 percent to 444 yen.
Iwatani Corp. (8088) (8088 JT): The gas supplier said it halted a plant in Chiba, near Tokyo, after the March 11 earthquake that hit Japan. The stock soared 12 percent to 234 yen.
Mitsui High-Tec Inc. (6966) (6966 JT): The maker of machine parts said it expects a return to net income of 100 million yen for this fiscal year. The company had a net loss of 2.76 billion yen a year earlier. The stock rallied 12 percent to 362 yen.
Nissan Motor Co. (7201 JT): The automaker said all of its Americas manufacturing facilities remain operational. Nissan also said it has about a 50-day supply of vehicles in the region or aboard ships that have departed Japan. The stock climbed 6.2 percent to 741 yen.
Nitto Denko Corp. (6988) (6988 JT): The chemical products maker said it stopped production at a factory in Miyagi prefecture, Japan, due to power outages and water shortages following the March 11 earthquake in the nation. The stock soared 13 percent to 4,200 yen.
Renesas Electronics Corp. (6723) (6723 JT): Japan’s second-largest semiconductor maker said it suspended operations at eight plants in the Tohoku and Tokyo regions due to damage from the March 11 earthquake or the rolling power outages. The stock rose 1 percent to 596 yen.
Tokyo Dome Corp. (9681) (9681 JT): a Japanese baseball-stadium operator said it expects a return to net income of 4.1 billion yen for this fiscal year from a year earlier loss. The stock slid 2.2 percent to 131 yen.
Tokyo Electric Power Co. (9501 JT): Asia’s largest utility, known as Tepco, has not determined the timing for when a new power line can restore electricity to a tsunami-crippled nuclear power plant, spokesman Sakio Iwamoto said. The stock plunged 25 percent to 921 yen.
Toppan Printing Co. (7911 JT): The printing company said it halted three plants in Miyagi and Ibaraki prefectures after facilities were damaged in Japan’s March 11 earthquake. The stock rose 3.9 percent to 594 yen.
Toyota Motor Corp. (7203) (7203 JT): The world’s biggest carmaker will bring forward plans to boost capacity in India on demand for vehicles including Etios and Corolla cars. The stock jumped 9.1 percent to 3,345 yen.
Tsukui Corp. (2398) (2398 JQ): The nursing care provider said the Tokyo Stock Exchange approved its shares to be listed on the bourse’s second section on March 23. The stock advanced 3.7 percent to 425 yen.
Tsuruha Holdings Inc. (3391) (3391 JT): The drugstore chain said nine-month net income rose 17 percent to 6.73 billion yen as sales grew. The stock surged 13 percent to 3,210 yen.
To contact the editor responsible for this story: Nick Gentle at email@example.com.