France Bed, ShinMaywa, Yachiyo: 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.
Asics Corp. (7936) : The sporting goods maker is seeking a sales increase from the London Olympics, with the London flagship store to open in June, the Nikkei newspaper said. The stock advanced 2.3 percent to 842 yen.
CAC Corp. (4725) : The information technology services provider cut its net income forecast for the full year ending December by 32 percent to 1 billion yen ($12.5 million). The stock rose 0.3 percent to 644 yen.
DeNA Co. (2432) : The social media site operator’s rating was cut to neutral from outperform at Credit Suisse Group AG and its target price was lowered by 27 percent to 2,200 yen on the expected impact of voluntary restrictions including scrapping of one of its games and curbing of real money trading. The stock increased 0.4 percent to 1,960 yen.
France Bed Holdings Co. (7840) : The furniture maker said it plans to buy back as much as 1.36 percent of its outstanding shares. The stock advanced 1.4 percent to 142 yen.
H.I.S. Co. (9603) : The travel agency said it will spend as much as 2.82 billion yen to increase its stake in closely held Kyushu Sangyo Kotsu Holdings Co. to a maximum of 55 percent. The stock rose 0.7 percent to 2,496 yen.
Kuraray Co. (3405) : The chemical fibers maker said it plans to buy MonoSol, a U.S.-based polyvinyl alcohol film maker. The stock gained 1.1 percent to 1,048 yen.
Mitsubishi Electric Corp. (6503) : Sweden’s Volvo Car Corp. said it has picked Mitsubishi Electric to supply its vehicles with infotainment systems. The electronic equipment and industrial machinery manufacturer climbed 1.3 percent to 624 yen.
SBI Holdings Inc. (8473) : The manager of a venture capital fund said it plans to buy back up to 1.72 percent of its outstanding shares. The stock climbed 2.5 percent to 5,320 yen.
Yachiyo Bank Ltd. (8409) : The lender said it plans to buy back up to 1.5 million Class 2 preferred shares for as much as 15 billion yen. Sumitomo Mitsui Trust Bank is currently sole holder of the shares, it said. The stock declined 0.1 percent to 1,581 yen.
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