Bic Camera, Funai Electric, Saizeriya: Japan Equity Preview
The following companies may have unusual price changes in Japanese trading tomorrow. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.
Bic Camera Inc. (3048) (3048 JT): The consumer electronics retailer said net income in the nine-months through May 31 more than doubled from a year earlier to 8.52 billion yen. The shares slipped 0.7 percent to 44,950 yen.
Funai Electric Co. (6839 JO): The television maker said it is aware that Freescale Semiconductor Inc. filed a complaint to the U.S. International Trade Commission on June 8 alleging patent infringement and seeking to block imports of certain chips. Funai dropped 2.6 percent to 2,138 yen.
Kohnan Shoji Co. (7516 JT): The home improvement retailer said net income gained 49 percent to 2.93 billion yen in the quarter ended May 31 on a parent basis. The stock climbed 1.5 percent to 1,586 yen.
Mitsubishi Electric Corp. (6503) (6503 JT): The maker of electronic equipment and Toshiba Corp. (6502) (6502 JT) won a European Union court challenge to overturn fines of 118.6 million euros ($164.8 million) and 90.9 million euros, respectively, that were levied four years ago for rigging prices of electrical equipment. Mitsubishi Electric sank 2.1 percent to 917 yen. Toshiba fell 2.1 percent to 412 yen.
Saizeriya Co. (7581 JT): The Italian restaurant chain operator said net income sank 32 percent to 3.92 billion yen in the nine months ended May 31. The shares climbed 0.4 percent to 1,575 yen.
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