Acom, Japan Tobacco, Nexon, Onkyo, Toray: Asia Stocks Preview
The following companies may have unusual price changes in Asian trading on Jan. 23. 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.
Acom Co. (8572 JT): The consumer finance company plans to transfer a portion of its credit-card business to closely held Jibun Bank Corp. to consolidate their alliance, according to a statement to the Tokyo Stock Exchange. Acom rose 1.3 percent to 1,365 yen.
Chemiprokasei Kaisha Ltd. (4960) (4960 JO): The chemical maker will halt a factory and partly suspend operations at another plant, both in Hyogo prefecture, according to a statement. The company also plans to cut salaries for directors and employees. Shares gained 2.2 percent to 42 yen.
Disco Corp. (6146) (6146 JT): The machinery maker said sales fell 13 percent to 18.6 billion yen ($241 million) in the three months through December from a year earlier. Disco lost 0.6 percent to 4,450 yen.
Japan Tobacco Inc. (2914) (2914 JT): The cigarette maker’s domestic sales rose 9.8 percent to 59.2 billion yen in December from a year earlier, according to a statement to the bourse. The stock was unchanged at 384,000 yen.
Jet Airways (India) Ltd. (JETIN IN): India’s biggest carrier posted a fourth straight quarterly loss as higher fuel costs and a price war erased gains from carrying more passengers. Third-quarter loss was 1.01 billion rupees ($20 million), compared with a profit of 1.18 billion rupees a year earlier. That was narrower than the 3.54 billion-rupee loss forecast in a median estimate of four analysts compiled by Bloomberg. Shares declined 4.7 percent to 231.4 rupees.
Nexon Co. (3659 JT): The South Korea-based Internet gaming developer will buy a stake in Choirock Games Corp.’s online division, according to a statement to the Tokyo Stock Exchange. Nexon fell 2.2 percent to 1,164 yen.
Onkyo Corp. (6628) (6628 JQ): The audio-system maker will sell 5.83 million shares for 690 million yen to Teac Corp. (6803), a computer peripheral maker, to cement an alliance, according to a filing with the Finance Ministry in Japan. The stock dipped 0.8 percent to 119 yen.
Toray Industries Inc. (3402) (3402 JT): The maker of synthetic fibers and industrial materials said it will buy the rest of Toray Tonen Specialty Separator from a unit of ExxonMobil Group to make it a wholly owned subsidiary. The stock gained 1.1 percent to 576 yen.
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