Asics, Fuji Fire, Inpex, Jupiter Telecom, Kitz, OSE: Japan Equity 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 JT): The sporting goods maker aims to post sales of 400 billion yen ($4.8 billion) or more in fiscal 2015, according to a statement. The stock declined 1.6 percent to 858 yen.
Fuji Fire & Marine Insurance Co. (8763 JT): The casualty insurer said first-half net income jumped 45 percent to 4.97 billion yen on an 11 percent increase in revenue. The stock fell 0.9 percent to 107 yen.
Inpex Corp. (1605 JT): Japan’s biggest energy explorer was raised to “outperform” from “neutral” by Mitsubishi UFJ Morgan Stanley Securities Co. The stock slumped 2.1 percent to 424,000 yen.
Mazda Motor Corp. (7261 JT): Itochu Corp. (8001 JT), Kajima Corp. (1812 JT) and Sumitomo Corp. (8053 JT) are among about 10 companies that have agreed to buy Mazda Motor shares from Ford Motor Co. (F US), Nikkei English News said. Ford may continue to hold a 3 percent Mazda stake, Nikkei said. Mazda gained 2.8 percent to 224 yen. Itochu fell 0.1 percent to 764 yen. Kajima was unchanged at 200 yen. Sumitomo fell 0.3 percent to 1,104 yen.
Jupiter Telecommunications Co. (4817 JQ): The provider of cable-television broadcasting services said subscribers increased 4.1 percent to 3.39 million in October, compared with the same month a year earlier. The stock slipped 0.4 percent to 85,100 yen.
Kitz Corp. (6498 JT): The valve maker said it will spend as much as 1.5 billion yen to buy back up to 4.4 percent of its outstanding shares. The stock sank 1.5 percent to 320 yen.
Mori Seiki Co. (6141 JO): The machine tools maker plans to increase its stake in the German firm Gildemeister AG (GIL GR) to more than 20 percent from 5 percent, Nikkei English News reported. Mori Seiki will purchase more than 10 billion yen of Gildemeister shares and convert the German firm into an equity affiliate, Nikkei said. Mori Seiki lost 1.6 percent to 843 yen.
Osaka Securities Exchange Co. (8697 JQ): The Osaka exchange will likely extend its trading hours, the Nikkei newspaper reported, citing bourse President Michio Yoneda. The bourse is likely to reduce its mid-day trading break to one hour from 90 minutes, according to the report. The stock lost 1.1 percent to 396,000 yen.
Tokai Tokyo Financial Holdings Inc. (8616 JT): The security company plans to sell American depositary receipts, the Nikkei newspaper reported. The stock slid 0.7 percent to 292 yen.
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