Bloomberg News

Honda, Japan Retail Fund, Lawson, Renown: Japan Stocks Preview

October 13, 2011

Oct. 13 (Bloomberg) -- The following companies may have unusual price changes in Japanese trading tomorrow. Stock symbols are in parentheses, and share prices are as of the last close. The information in each item was released after markets shut unless stated otherwise.

Honda Motor Co. (7267 JT): Japan’s second largest carmaker by market value reduced car output at its Malaysia plant following disruptions to parts supply from Thailand due to flooding there, the Edge reported online, citing Chief Executive Officer Yoichiro Ueno. The stock rose 0.3 percent to 2,302 yen.

Japan Retail Fund Investment Corp. (8953 JT): The company said its net income for the six months ended Aug. 31 was 5.5 billion yen ($71.5 million), 18 percent lower than the previous six months. The stock gained 1 percent to 127,400 yen.

Lawson Inc. (2651 JT): The convenience-store operator said its net income for the six months ended Aug. 31 was 8.96 billion yen, a 27 percent decline from a year earlier, saying sales rebounded since mid-June after a slump due to the March earthquake. The stock dropped 1.6 percent to 4,345 yen.

Renown Inc. (3606 JT): The apparel maker reported a 2.8 billion net loss for the six-month period ended Aug. 31, a 61 percent reduction from a year earlier, citing a drop in consumer spending after the March earthquake. The stock was unchanged at 167 yen.

Sumitomo Mitsui Trust Holdings Inc. (8309 JT): The bank raised its net income forecast by 39 percent to 125 billion yen for the six months ended Sept. 30. The stock rose 3.1 percent to 263 yen.

Toyo Electric Manufacturing Corp. (6505 JT): The maker of electrical systems used in transport and industrial equipment reported a net loss of 225 million yen for the quarter ended Aug. 31, a 31 percent decline from a year earlier, citing Japanese efforts to cut back on power usage and a slowdown in overseas economies. The stock gained 0.8 percent to 390 yen.

Toyo Tanso Co. (5310 JT): The manufacturer of carbon and graphite products boosted its net income forecast for the six- month period ending November to 2.5 billion yen from 1.6 billion yen, citing a stronger yen and a global economic slowdown due to Europe’s debt crisis. The company reported its net income for the quarter ended Aug. 31 rose by 60 percent to 1.7 billion yen from a year earlier. The stock rose 4.1 percent to 3,305 yen.

Ube Industries Ltd. (4208 JT): The producer of chemical products said profit rose 53 percent in the six months ended September, citing improved sales of chemical products and resins and a smaller impact than expected from Japan’s March earthquake. Net income totaled 11.5 billion yen ($149 million), compared with a forecast of 7.5 billion yen, according to a preliminary earnings statement to the Tokyo Stock Exchange. The stock rose 1.2 percent to 258 yen.

--Editor: Nick Gentle

To contact the reporter on this story: Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net


Too Cool for Crisis Management
LIMITED-TIME OFFER SUBSCRIBE NOW
 
blog comments powered by Disqus