Dentsu, Nissan, Takeda, Toyota, Yaskawa: 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.
Dentsu Inc. (4324) (4324 JT): Japan’s largest advertising company by revenue concluded a contract to be the exclusive display advertising partner in Japan for Skype Technologies SA (391316Z LX) as of July. Dentsu rose 0.2 percent to 2,410 yen.
Ichiyoshi Securities Co. (8624 JT): The brokerage’s net loss narrowed to 131 million yen ($1.66 million) in the first quarter ended June 30 from 209 million yen a year earlier, with higher revenue, according to a preliminary earnings statement. The stock sank 3 percent to 478 yen.
Idemitsu Kosan Co. (5019 JT): The oil refiner halted shipments from its 160,000 barrel-a-day Aichi refinery and its 120,000-barrel-a-day Tokuyama refinery as Typhoon Ma-on neared the country, the chemicals news service ICIS reported. The stock slid 0.2 percent to 8,910 yen.
Mitsubishi Tanabe Pharma Corp. (4508) (4508 JT): The drugmaker said it was ordered by a local government to suspend operations for 10 days at its Ashikaga plant in Tochigi prefecture, near Tokyo, after quality checks for drugs produced at the plant were found to be inadequate. The stock rose 0.2 percent to 1,395 yen.
Mitsui & Co. (8031 JT): Dow Chemical Co. (DOW US), the largest U.S. chemical maker, said its planned bio-polymer plant with the Japanese trading house will be able to produce 350,000 tons of polyethylene a year from sugar cane, the world’s largest for making plant-derived polymers. Mitsui rose 0.6 percent to 1,459 yen.
Monotaro Co. (3064 JT): The company, which sells machine tools, engine parts and factory consumable goods on the website, raised its full-year net income outlook 23 percent to 1.11 billion yen, citing growing sales of its high-margin products and increasing numbers of new customers. The stock lost 3.4 percent to 1,661 yen.
Nissan Motor Co. (7201 JT): The top-seller of electric cars in the U.S. said it is lifting the price of the battery-powered Leaf as much as 10 percent and expanding sales to nine more states, mostly in the South. The stock retreated 1.5 percent to 835 yen.
RaQualia Pharma Inc. (4579 JQ): The drugmaker will start trading on the Osaka Securities Exchange’s Jasdaq Growth market on July 20. The initial offering price was 1,600 yen per share.
Sogo Medical Co. (4775 JT): The company, which operates pharmacies and leases medical equipment, said net income in the quarter ended June 30 jumped to 547 million yen from 207 million yen a year earlier. The stock gained 2.4 percent to 2,808 yen.
Takeda Pharmaceutical Co. (4502 JT): The drugmaker’s Actos, the world’s best-selling diabetes treatment, is being reviewed in Australia after a study linked the pill to an increased risk of bladder cancer, the Therapeutic Goods Administration said. The stock fell 0.4 percent to 3,695 yen.
Toyota Motor Corp. (7203) (7203 JT): The world’s biggest carmaker by market value won the right to appeal a judge’s ruling that car owners who hadn’t experienced unintended acceleration could sue the company over economic losses related to the alleged defect. The stock slipped 0.8 percent to 3,305 yen.
Yaskawa Electric Corp. (6506) (6506 JT): The servomotor maker had a return to net income of 3.77 billion yen in the quarter ended June 20, from a 1.06 billion yen loss a year earlier, citing growing sales of its motion controllers and robots. The stock climbed 0.8 percent to 911 yen.
To contact the editor responsible for this story: Nick Gentle at email@example.com.