Bloomberg News

Enplas, Kawasaki Heavy, Nissei, PanaHome: Japan Stocks Preview

October 20, 2011

Oct. 20 (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.

Enplas Corp. (6961 JT): The maker of engineering plastic products said its net loss was 250 million yen ($3.3 million) for the six months through September, compared with a forecast loss of 450 million yen, according to a preliminary earnings statement to the Tokyo Stock Exchange. The company cited a strong yen for the result, and said it had yet to factor the affect of flooding of Thailand. The stock fell 1 percent to 1,437 yen.

Kawasaki Heavy Industries Ltd. (7012 JT): The maker of transport equipment and industrial heavy machinery said its net income totaled 17.8 billion yen for the six months ended in September, beating its forecast of 12 billion, according to a preliminary earnings statement. Rising profits in factories- and environment-related businesses offset an appreciating yen, the company said. The stock fell 2.4 percent to 200 yen.

Nissei Corp. (6271 JT): The maker of transmission gears and precision equipment said net income rose to 535 million yen from a forecast of 530 million yen for the six months ended Sept. 30. The March earthquake had a smaller effect than expected on profit, the company said in a preliminary earnings statement. The stock slid 2.4 percent to 665 yen.

PanaHome Corp. (1924 JT): The home builder said net income beat its forecast by 36.4 percent, surging to 3 billion yen for the six months through September. The company partly attributed the results to demand for temporary housing after the March earthquake, according to a preliminary earnings statement to the Tokyo Stock Exchange. The stock fell 1.3 percent to 546 yen.

Shiseido Co. (4911 JT): The maker of cosmetic and toiletry products said net income was 9 billion yen for the six months through September, exceeded its forecast by 29 percent. The company will book some of its sales management costs in the second half of the fiscal year, according to a preliminary earnings statement to the Tokyo Stock Exchange. The stock dropped 0.3 percent to 1,481 yen.

Softbank Corp. (9984 JT): The cellular carrier and BhartiEnterprises Pvt. formed a mobile Internet venture in India. They will hold equal stakes in the venture, which will invest in social media, gaming and e-commerce, according to a statement on Softbank’s website. The stock rose 0.6 percent to 2,387 yen.

--Editor: Jim Powell.

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


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