Asahi, Circle K, Nippon Sheet, Taiyo, Uny: 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.
Asahi Group Holdings Ltd. (2502) (2502 JT): The beverage maker said its sales of water in 2011 more than tripled after Japan’s earthquake in March raised demand. Sales may rise 8 percent this year to 15 million cases from 13.83 million last year, it said. The stock slid 0.7 percent to 1,705 yen.
Circle K Sunkus Co. (3337) (3337 JT): The convenience-store chain boosted its net-income forecast by 59 percent to 8.73 billion yen ($114 million) for the year ending Feb. 29. Shares increased 0.5 percent to 1,284 yen.
Japan Care Service Group Corp. (7566) (7566 JQ): Message Co. (2400) (2400 JQ) will acquire the nursing-care company in a tender offer at 345 yen a share, the companies said in a statement to the Tokyo Stock Exchange. Japan Care Service rose 0.4 percent to 231 yen. Message, a home care provider, fell 0.2 percent to 241,000 yen.
Nippon Sheet Glass Co. (5202) (5202 JT): Moody’s Japan K.K. placed the glassmaker’s Baa3 rating on review for possible downgrade, citing a possible “longer than expected” recovery to profitability. The stock gained 4.9 percent to 149 yen.
Sankei Building Co. (8809) (8809 JT): Fuji Media Holdings Inc. (4676) (4676 JT) will buy out the property leasing provider for 740 yen a share, the companies said. Sankei Building gained 1.7 percent to 297 yen, while Fuji Media slid 2.2 percent to 113,900 yen.
Taiyo Ltd. (6252) (6252 JT): The industrial robot maker said a unit of Parker Hannifin Corp. (PH US) will buy out the company in a tender offer for 250 yen a share. Taiyo slid 2.9 percent to 135 yen.
Uny Co. (8270) (8270 JT): The department-store operator raised its net-income forecast by 67 percent to 8 billion yen for the year ending Feb. 20. The stock was unchanged at 692 yen.