Bloomberg News

Marubeni, NEC, Showa Shell, Toko: Japanese Stocks Preview

March 23, 2012

The following companies may have unusual price changes in Japanese trading on March 26. 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.

Chugoku Electric Power Co. (9504) (9504 JT): The utility forecasts a net loss of 5 billion yen ($60 million) for the year ending March 31 judging from recent supply and demand conditions with nuclear plants sitting idle, according to a statement. The stock rose 0.6 percent to 1,535 yen.

Kanagawa Chuo Kotsu Co. (9081) (9081 JT): The bus and taxi company raised it net income forecast for the year ending March 31 by 53 percent to 2.3 billion yen, citing a recovery from the record earthquake last year and business streamline, according to a statement. The stock rose 0.2 percent to 441 yen.

Nidec Copal Corp. (7756) (7756 JT): The maker of electronic components used for optical equipment cut its net income forecast for the year ending March 31 by 86 percent to 300 million yen, citing falling prices and sales, according to a statement. The stock added 4.7 percent to 1,036 yen.

Nisshin Oillio Group Ltd. (2602) (2602 JT): The maker of cooking oil products boosted its net income forecast for the year ending March 31 by 6 percent to 3.6 billion yen, citing headwinds from grain markets and foreign exchange conditions, according to a statement. The stock rose 0.3 percent to 356 yen.

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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