Axell, Capcom, Elpida, Honda, Tokyo Dome: 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.
Axell Corp. (6730) (6730 JT): The maker of sound and graphics chips boosted its net income forecast to 350 million yen ($4.6 million) from 180 million yen for the six months ending Sept. 30. The stock gained 0.3 percent to 1,709 yen.
Bridgestone Corp. (5108 JT): Japan’s biggest tiremaker by revenue said it will invest $11 million in China to build a new plant producing foam for automobile seats. The stock rose 1 percent to 1,683 yen.
Capcom Co. (9697 JT): The developer of consumer video game software increased its net income forecast for the period from April through on Sept. to 800 million yen from 200 million. The stock dropped 0.4 percent to 1,967 yen.
Elpida Memory Inc. (6665) (6665 JT): The maker of semiconductors plans to shift 40 percent of its production capacity to Taiwa, part of its efforts to deal with the yen’s appreciation, the Nikkei newspaper reported. The stock fell 3.6 percent to 537 yen.
Honda Motor Co. (7267 JT): The carmaker plans to expand its proportion of domestic minicar production to 40 percent from the current 25 percent in the next five years, Akemi Ando, the automaker’s spokeswoman in Tokyo said.
The company plans to produce hybrid cars in China in two to three years, the Nikkei newspaper reported. The stock gained 0.3 percent to 2,296 yen.
Lawson Inc. (2651) (2651 JT): The convenience-store operator may post an operating profit of 32 billion yen for the period from March through August, up 6 percent from a year earlier, the Nikkei newspaper reported. The stock rose 1.3 percent to 4,315 yen.
Maezawa Kasei Industries Co. (7925 JT): The manufacturer of synthetic resin products boosted its net income forecast for the April-September by 87.5 percent to 450 million yen. The stock fell 2 percent to 783 yen.
Maruzen CHI Holdings Co. (3159 JT): The bookstore operator reported a net loss of 328 million yen in the period from February through July. That compared with a net loss of 32 million yen a year earlier. The stock dropped 1.5 percent to 261 yen.
Nidec Sankyo Corp. (7757) (7757 JT): The maker of electronic components said it plans to buy back up to 2.6 percent of its shares. The stock dropped 1.4 percent to 425 yen.
Tokyo Dome Corp. (9681) (9681 JT): The stadium operator swung to a net loss of 2.73 billion yen in the period from February through July from 1.02 billion yen a year earlier. The stock dropped 0.7 percent to 153 yen.
Tsukuba Bank Ltd. (8338) (8338 JT): The lender, based in areas stricken by the March earthquake and tsunami, will receive a combined 35 billion yen in public funds, the Financial Services Agency said. Tsukuba Bank dropped 4.7 percent to 246 yen.
To contact the editor responsible for this story: Nick Gentle at firstname.lastname@example.org