Dainippon Screen, Japan Steel, Suzuki: Japan Stocks Preview
The following companies may have unusual price changes in Japanese 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.
Amano Corp. (6436) (6436 JT): The machinery maker said net income almost tripled to 1.34 billion yen ($17.1 million) in the six months ended Sept. 30 from 478 million yen a year earlier on cost-cutting. The stock rose 0.9 percent to 688 yen.
Dainippon Screen Manufacturing Co. (7735 JT): The chip- equipment maker cut its full-year net-income outlook 52 percent to 10 billion yen, saying chipmakers may maintain cutbacks on capital spending. The stock sank 4 percent to 582 yen.
Futaba Corp. (6986 JT): The electronic-parts maker revised its full-year forecast to a 1 billion yen loss from a 1 billion yen profit, citing a slower-than-expected recovery in demand from the March earthquake and the yen’s rise against the dollar. The stock lost 2.1 percent to 1,460 yen.
Hamamatsu Photonics K.K. (6965 JT): The maker of electron tubes and semiconductors said it expects net income to rise 7.3 percent to 14.7 billion yen in the fiscal year ending Oct. 1. The stock fell 0.4 percent to 2,985 yen.
Horiba Ltd. (6856) (6856 JT): The measuring-devices manufacturer said net income rose 18 percent to 5.89 billion yen in the nine months ended Sept. 30, citing a recovery in carmakers’ capital spending and lower administration costs after the March earthquake. The stock climbed 2.9 percent to 2,451 yen.
Japan Steel Works Ltd. (5631) (5631 JT): The maker of machinery for casts and plastics raised its full-year net-income forecast 8.7 percent to 12.5 billion yen. The stock slipped 0.8 percent to 516 yen.
Kyowa Exeo Corp. (1951) (1951 JT): The builder of communications and electrical facilities plans to spend as much as 3 billion yen buying back up to 3.18 percent of its outstanding stock, according to a statement. It also said net income in the six months ended Sept. 30 jumped 57 percent to 3.52 billion yen. The stock added 0.3 percent to 698 yen.
Mitsui Sugar Co. (2109 JT): The company said it will halt refining sugar at a plant in Okayama prefecture in September on falling domestic demand. The company cut its full-year net- income outlook 27 percent to 2.7 billion yen, citing losses related to the factory’s depreciation. The stock lost 0.6 percent to 330 yen.
NTT Urban Development Corp. (8933) (8933 JT): The developer said first-half net income fell 8 percent to 5.56 billion yen, after the company had forecast a gain of 4.3 billion yen. The stock declined 1.1 percent to 53,300 yen.
Suzuki Motor Corp. (7269) (7269 JT): The automaker, partly owned by Volkswagen AG, said net income rose 5.3 percent to 32 billion yen in the six months ended Sept. 30, beating its 30 billion yen outlook. The company cited a recovery in domestic production as well as cost cuts for the result. The stock rose 0.4 percent to 1,640 yen.
Sysmex Corp. (6869) (6869 JT): The maker of clinical test equipment cut its full-year net-income outlook 12 percent to 11.5 billion yen on foreign-exchange losses. The stock dropped 2.6 percent to 2,504 yen.
Temp Holdings Co. (2181 JT): The human-resources company said it will buy back up to 1.51 percent of its outstanding shares. Temp Holdings also said first-half net income advanced 49 percent to 1.28 billion yen. The stock rose 0.1 percent to 695 yen.
To contact the reporter on this story: Norie Kuboyama in Tokyo at firstname.lastname@example.org
To contact the editor responsible for this story: Nick Gentle at email@example.com