Feb. 1 (Bloomberg) -- The following companies may have unusual price changes in Asian 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.
Da Ming International Holdings Ltd. (1090 HK): The China- based stainless steel processer announced its fiscal 2011 profit will have a “significant decline” because of the lower price of raw materials. The stock was unchanged at HK$1.50.
Finolex Cables Ltd. (FNXC IN): The Indian maker of power and telecommunication cables plans to spend 800 million rupees to expand capacity at two units, according to an exchange filing. Shares slid 0.2 percent to 33.3 rupees.
Hero MotoCorp Ltd. (HMCL IN): January sales at India’s largest motorcycle maker rose 11.5 percent from a year earlier to 520,272 units, according to an exchange filing. Shares rallied 3.7 percent to 1,932.15 rupees.
Mitsubishi UFJ Financial Group Inc. (8306 JT): Japan’s biggest bank by market value posted a 39 percent decline in third quarter profit as lending income fell. The bank also known as MUFJ maintained its 900 billion yen ($11.8 billion) profit target for the year ending March 31. The stock added 2.9 percent to 359 yen.
Nomura Holdings Inc. (8604 JT): Japan’s biggest brokerage by value said quarterly profit unexpectedly rose 33 percent as gains from selling private-equity investments outweighed a drop in trading and commissions as well as widening losses overseas. The stock rose 0.4 percent to 280 yen.
Shin Corp. Pcl (INTUCH TB): The Thai holding company, controlled by Temasek Holdings Pte., said the company meets the stock exchange’s free-float regulation that requires any listed company to have at least 150 minority shareholders with holding of at least 15 percent stake. The company has 9,151 minority shareholders who hold a total of 20.4 percent, it said in a regulatory filing. Shin declined 0.5 percent to 49.75 baht.
Sharp Corp. (6753 JT): The maker of Aquos televisions forecast its worst annual loss since it was founded in 1912, citing slumping prices for liquid-crystal-display TVs and a tax write-off. The loss may be 290 billion yen for the year ending March 31, the Osaka-based company said in a statement. Sharp slid 4.3 percent to 628 yen.
Sony Corp. (6758 JT): Japan’s No. 1 exporter of consumer electronics replaced Howard Stringer, naming Kazuo Hirai president and chief executive officer, after forecasting a fourth consecutive year of losses. The management change is effective April 1. The stock dropped 1.9 percent to 1,364 yen.
Takeda Pharmaceutical Co. (4502 JT): Asia’s biggest drugmaker forecast a fourth-quarter loss on restructuring costs related to the 9.6 billion euro ($13 billion) takeover of Swiss- based Nycomed in September. Takeda said it will record a loss of 30.6 billion yen in the three months ending March 31, compared with profit of 32.4 billion yen a year earlier. The stock fell 0.5 percent to 3,295 yen.
--With assistance from Nick Gentle in Hong Kong, Shikhar Balwani in Mumbai and Anuchit Nguyen in Bangkok. Editors: Jim Powell, Ravil Shirodkar
To contact the reporter on this story: Yoshiaki Nohara in Tokyo at firstname.lastname@example.org
To contact the editor responsible for this story: Nick Gentle at email@example.com