Higashi Nihon, Pioneer, Toshina TEC: 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 latest close. The information in each item was released after markets shut unless stated otherwise.
Higashi Nihon House Co. (1873) (1873 JQ): The homebuilder said its loss for the three months ended Jan. 31 narrowed 51 percent to 578 million yen ($7.16 million) from a year earlier. The stock rose 4.7 percent to 269 yen.
Kachikaihatsu Co. (3010) (3010 JT): The property developer cut its forecast to an 800 million yen loss for the year through March 31 from an earlier projection for a 100 million yen profit. The stock declined 2.9 percent to 34 yen.
Pioneer Corp. (6773) (6773 JT): The maker of car-navigation systems and audio equipment said it won’t pay a year-end dividend, citing the effects of the March 11 earthquake and floods in Thailand. The stock gained 2.1 percent to 398 yen.
Toshiba TEC Corp. (6588) (6588 JT): The maker of electronic equipment was cut to “neutral” from “buy” by Ryosuke Katsura, an analyst at Mizuho Securities Co. The stock rose 1.7 percent to 301 yen.
Toyota Motor Corp. (7203) (7203 JT): Japan’s biggest automaker by market value said its conducting a safety recall involving about 700,000 vehicles to replace stop lamp switches and parts inside some steering wheels. The stock fell 1.2 percent to 3,245 yen.
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