(Adds items on Hitachi Construction, Nissan, Takashimaya, Toda and Toray.)
Dec. 15 (Bloomberg) -- 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.
Cybozu Inc. (4776 JT): The developer of Internet software said net income rose 19 percent to 336 million yen ($4.3 million) in the nine months ended Oct. 31, buoyed by a gain from sale of its affiliated stocks. Operating profit fell 27 percent to 544 million yen as sales declined 23 percent, the company said in a release. The stock fell 0.5 percent to 23,890 yen.
Daio Paper Corp. (3880 JT): The papermaker that filed a criminal complaint against its former chairman for breach of trust met a deadline to avoid automatic delisting by announcing earnings. Daio Paper had a 2.84 billion-yen loss for its first half ended Sept. 30, it said in a statement. The company also restated past earnings and said it plans to buy shares in units held by its founding family to strengthen corporate governance. Daio slid 2.3 percent to 545 yen.
DeNA Co. (2432 JT): The social media website operator will partner on Internet games with Alibaba Cloud Computing, a unit of China’s Alibaba Group, DeNA said on its website. The stock sank 4.3 percent to 2,277 yen.
Hitachi Construction Machinery Co. (6305 JT): The manufacturer will spend about 40 billion yen to increase domestic production of hydraulic shovels and truck parts, the Nikkei newspaper reported without saying where it got the information. The stock slid 1.2 percent to 1,354 yen.
Kumiai Chemical Industry Co. (4996 JT): The agrochemical maker forecast net income will rise by a quarter to 1.7 billion yen this fiscal year, with an 8.1 percent rise in sales. Shares rose 1.1 percent to 281 yen.
Kura Corp. (2695 JT): The sushi chain said full-year net income plunged 47 percent to 1.51 billion yen as advertising costs grew. The company expects a 35 percent gain in net income to 2.04 billion yen this fiscal year. The stock added 0.1 percent to 983 yen.
Nippon Steel Corp. (5401 JT) and Sumitomo Metal Industries Ltd. (5405 JT): The steelmakers received approval from the Japan Fair Trade Commission to merge, creating the world’s second- largest steelmaker. Nippon Steel was unchanged at 194 yen, while Sumitomo Metal added 0.7 percent to 140 yen.
Nissan Motor Co. (7201 JT): The automaker will invest $2 billion in a Mexico plant, the Nikkei reported. The plant in Aguascalientes state will have annual assembly capacity of 600,000 vehicles and double Nissan’s annual production in the country to 1.3 million, the report said, without citing anyone. Nissan, Japan’s third-largest carmaker by market value, lost 0.1 percent to 689 yen.
Olympus Corp. (7733 JT): The scandal-hit camera maker beat a deadline to avoid automatic delisting from the Tokyo Stock Exchange by filing its financial report, delayed after it admitted to a 13-year cover-up of investment losses. The stock may still be removed pending a review by the bourse. Olympus slumped 4.1 percent to 1,314 yen.
Taisho Pharmaceutical Holdings Co. (4581 JT), Chugai Pharmaceutical Co. (4519 JT): The drugmakers said trials showed that their CT-064 treatment for osteoporosis was effective. The companies plan to seek approval for the drug in Japan next year, they said on the website. Taisho was unchanged at 5,600 yen, while Chugai added 0.2 percent to 1,236 yen.
Takashimaya Co. (8233 JT): operating profit at the department-store operator likely rose 20 to about 13 billion yen in the nine months ended November on “firm” sales of high-end products in Japan and lower administration costs, the Nikkei newspaper reported, without citing anyone. The stock gained 1.4 percent to 582 yen.
Toda Corp. (1860 JT): The property developer will investigate accounting at one of its units, where profit may have been inflated by about 2.2 billion yen over several years, Toda said in a release. The stock fell 1.1 percent to 273 yen.
Toray Industries Inc. (3402 JT): The textile maker will announce next week that it has chosen Lacq in southwest France for the location of a carbon-fiber plant that will employ 2,500 people and l entail an investment of 500 million euros, Le Figaro reported, citing people with knowledge of the situation. The stock slid 0.2 percent to 561 yen.
--Editor: Jim Powell, Jason Clenfield.
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