France Bed, ShinMaywa, Yachiyo: Japanese Stocks Preview
The following companies may have unusual price changes in Asian trading tomorrow. 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.
France Bed Holdings Co. (7840) (7840 JT): 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.
Global Sweeteners Holdings Ltd. (3889) (3889 HK): The corn sweeteners maker said it expects a “substantial decrease” in financial results for the six months ending June 30 from a year earlier on higher raw material costs and a slow recovery in demand. The company said it had a net loss for the four months ended April 30. The stock rose 5.5 percent to 58 Hong Kong cents.
H.I.S. Co. (9603) (9603 JT): The travel agency said it will spend as much as 2.82 billion yen ($35.5 million) 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) (3405 JT): 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) (6503 JT): 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.
Soho China Ltd. (410) (410 HK): The developer in central Beijing and Shanghai said its unit agreed to form a joint venture with INSITE Asset Management Group Ltd. to manage commercial projects. Soho China advanced 1.7 percent to HK$5.26.
TTK Healthcare Ltd. (TTKP) : The Indian maker of hair creams, allergy syrups and condoms posted fourth-quarter profit that rose 9 percent from a year earlier to 37.1 million rupees, and said it would pay a dividend of 4 rupees apiece, according to a filing. Shares rose 0.6 percent to 350.65 rupees.
Yachiyo Bank Ltd. (8409) (8409 JT): 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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