Daiseki, Nippon Sheet, Sanrio, Toshiba: 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.
Cosmos Pharmaceutical Corp. (3349) (3349 JT): The drugstore operator said nine-month net income rose 12 percent to 4.02 billion yen ($48 million) on growing sales. The stock leapt 2.5 percent to 3,550 yen.
Daiseki Co. (9793 JT): The waste-disposal company said it expects an 11 percent rise in net income to 3.47 billion yen on a 14 percent gain in sales. The stock advanced 1.4 percent to 1,571 yen.
Nippon Sheet Glass Co. (5202 JT): The glassmaker will invest 36 million pounds ($59 million) to increase production capacity of energy-saving glazing products in the U.K., according to a statement on the Japanese company’s website. The stock increased 0.8 percent to 241 yen.
Plenus Co. (9945 JT): The distributor of boxed meals forecast net income will fall 9.4 percent to 2.2 billion yen. The stock slipped 0.4 percent to 1,235 yen.
Renown Inc. (3606) (3606 JT): The apparel maker said full-year net loss narrowed to 1.13 billion yen from 10.9 billion yen a year earlier, aided by lower administration costs. The stock jumped 7.3 percent to 177 yen.
Sanrio Co. (8136 JT): The maker of Hello Kitty character goods said in a preliminary earnings statement that full-year net income amounted to 9.1 billion yen, 30 percent more than its 7 billion yen outlook, citing its “favorable” overseas license operations. The stock rose 0.2 percent to 2,313 yen.
Shimachu Co. (8184 JT): The furniture store chain said first-half net income gained 47 percent to 3.8 billion yen, with higher sales. The stock was unchanged at 1,769 yen.
Shochiku Co. (9601 JT): The movie producer and theater operator said in a preliminary earnings statement that full-year net income totaled 700 million yen, beating its 330 million yen profit estimate, due to a gain from sale of the unit’s operations. The stock slid 0.2 percent to 571 yen.
Tokyo Electric Power Co. (9501 JT): The operator of the crippled Fukushima Dai-Ichi nuclear power plant is considering a reorganization, President Masataka Shimizu said. The stock surged 12 percent to 502 yen.
Tokyo Style Co. (8112 JT): The apparel maker posted a full- year net loss of 10.5 billion yen, dragged down by charges related to deferred tax assets, according to a preliminary earnings statement. The company had forecast a 4.7 billion yen profit. The stock was unchanged at 574 yen.
Toshiba Corp. (6502) (6502 JT): Japan’s biggest maker of nuclear reactors approached Hitachi Ltd. (6501) (6501 JT) to propose jointly dismantling Tokyo Electric Power Co.’s stricken Fukushima Dai- Ichi plant, the Yomiuri newspaper reported. Separately, Toshiba has no plan to sell its stake in Phison Electronics Corp. (8299) (8299 TT), Keisuke Ohmori, Toshiba spokesman, said by telephone from Tokyo. Toshiba gained 1.5 percent to 396 yen. Hitachi climbed 2.3 percent to 409 yen.
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