Honda, Kansai Electric, Resona, Toyota: Japanese 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 latest close. The information in each item was released after markets shut unless stated otherwise.
Carmakers: The Japan Automobile Manufacturers Association expects domestic car demand to climb 19 percent to 5 million units this year, according to a statement on the industry group’s website.
Kansai Electric Power Co. (9503) (9503 JT): Japan’s Nuclear and Industrial Safety Agency approved the utility’s stress tests results on two reactors at its Ohi nuclear plant, the watchdog said in a statement. Shares rose 3.2 percent to 1,262 yen.
Resona Holdings Inc. (8308) (8308 JT): Japan’s No. 4 lender by market value said its Resona Bank unit may have accidentally discarded some customer data including names, account numbers and balances. The stock slid 0.6 percent to 333 yen.
Sogo Medical Co. (4775) (4775 JT): The pharmaceutical provider said net income for the nine months through December rose 39 percent to 1.61 billion yen ($21 million) from a year earlier. Sogo climbed 0.6 percent to 2,592 yen.
Takeda Pharmaceutical Co. (4502) (4502 JT): Asia’s biggest drugmaker said it plans to eliminate about 9 percent of its workforce over the next four years. The stock rose 0.5 percent to 3,185 yen.