Enplas, Kawasaki Heavy, Nissei, PanaHome: Japan Stocks 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 last close. The information in each item was released after markets shut unless stated otherwise.
Enplas Corp. (6961) (6961 JT): The maker of engineering plastic products said its net loss was 250 million yen ($3.3 million) for the six months through September, compared with a forecast loss of 450 million yen, according to a preliminary earnings statement to the Tokyo Stock Exchange. The company cited the yen’s appreciation for the result, and said it had yet to factor in the effects of flooding in Thailand. The stock fell 1 percent to 1,437 yen.
Hitachi High-Technologies Corp. (8036) (8036 JT): The trader of computers and scientific instruments boosted its first-half net income forecast by 56 percent to 7.8 billion yen. The stock slid 3.3 percent to 1,573 yen.
Honda Motor Co. (7267 JT): Japan’s second-largest automaker by market value told dealers it expects domestic sales of 700,000 vehicles next fiscal year, up from this year’s target of 600,000, the Nikkei newspaper reported, without citing anyone. The stock fell 3 percent to 2,304 yen.
Kawasaki Heavy Industries Ltd. (7012) (7012 JT): The maker of transport equipment and industrial heavy machinery said net income totaled 17.8 billion yen for the six months ended September, beating its forecast of 12 billion yen, according to a preliminary earnings statement. Rising profits in plant- and environment-related businesses offset an appreciating yen, the company said. The stock fell 2.4 percent to 200 yen.
Mitsubishi Motors Corp. (7211) (7211 JT): The automaker’s first- half sales totaled about 880 billion yen, the Nikkei newspaper reported, without disclosing the source of the figure. The stock declined 3.9 percent to 99 yen.
Nissei Corp. (6271) (6271 JT): The maker of transmission gears and precision equipment said net income totaled 535 million yen for the six months ended Sept. 30, beating its forecast of 530 million yen. The March earthquake’s effect on profit was smaller than expected, the company said. The stock slid 2.4 percent to 665 yen.
PanaHome Corp. (1924) (1924 JT): The builder said net income beat its forecast by 36 percent, surging to 3 billion yen for the six months through September, attributing the results partly to demand for temporary housing after the March earthquake. The stock fell 1.3 percent to 546 yen.
Panasonic Corp. (6752) (6752 JT): The electronics manufacturer scrapped plans to convert a domestic plasma display panel plant into a solar plant, the Nikkei newspaper reported, without citing anyone. The stock gained 1.1 percent to 753 yen.
Shiseido Co. (4911 JT): The maker of cosmetics and toiletries reported 9 billion yen net income for the six months through September, exceeding its forecast by 29 percent. The company will book some sales management costs in the second half of the fiscal year, according to a preliminary earnings statement to the Tokyo Stock Exchange. The stock dropped 0.3 percent to 1,481 yen.
Softbank Corp. (9984 JT): The cellular carrier formed a mobile Internet venture in India with BhartiEnterprises Pvt. The companies will hold equal stakes in the venture, which will invest in social media, gaming and e-commerce, according to a statement on Softbank’s website. The stock rose 0.6 percent to 2,387 yen.
To contact the editor responsible for this story: Nick Gentle at firstname.lastname@example.org