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.
Asukanet Co. (2438 JT): The maker of photo albums for professional photographers will conduct a 100-for-1 stock split, adopting minimum trading unit of 100 shares. The stock increased 0.7 percent to 76,500 yen.
Chubu Electric Power Co. (9502 JT): The utility’s latest supply plan omits reference to building a sixth reactor at its Hamaoka plant, a plan that was included in last year’s document. The stock climbed 3.1 percent to 1,559 yen.
Chugoku Electric Power Co. (9504 JT): The utility said it can’t estimate power supply and demand for the year ending March 2013 because of energy-saving measures and an inability to determine when it can restart nuclear reactors shut for maintenance, according to a statement on the company’s website. The stock jumped 3.7 percent to 1,570 yen.
Clarion Co. (6796) (6796 JT): The maker of car audio equipment boosted its full-year net-income forecast 86 percent to 6.5 billion yen ($78 million), citing a recovery on its parts supply-chain hampered by Thailand’s flooding. The stock advanced 3.4 percent to 183 yen.
Daio Paper Corp. (3880) (3880 JT): The paper producer abandoned efforts to buy its founders’ shares, the Nikkei newspaper reported, without citing anyone. Management had hoped to buy shares of affiliates held by members of the founding family by the end of this month, the report said. The stock rose 2.4 percent to 503 yen.
Honeys Co. (2792) (2792 JT): The apparel maker said profit jumped 59 percent to 1.4 billion yen in the nine months ended Feb. 29, boosted by Chinese sales. The stock climbed 3.1 percent to 1,366 yen.
JFE Holdings Inc. (5411) (5411 JT): JFE Steel, a unit of JFE Holdings, signed an agreement with Taiwan’s E United Group to study the feasibility of building and operating steelworks in Vietnam, according to a statement on JFE’s website. JFE would be the majority shareholder of the steelworks, it said. JFE gained 3 percent to 1,846 yen.
Modec Inc. (6269) (6269 JT): The Japan Bank for International Cooperation will provide $1.1 billion in syndicated loans to a project operated by Modec off the coast of Brazil, the Nikkan Kogyo newspaper reported, without saying where it got the information. Modec, the maker of machinery to extract oil and gas, advanced 3.2 percent to 1,753 yen.
Nippon Kayaku Co. (4272) (4272 JT): The chemicals maker said net income rose 9.3 percent to 8.11 billion yen in the nine months ended Feb. 29. Operating profit fell 14 percent to 13.7 billion yen for the period, with sliding sales. The stock rose 2.6 percent to 863 yen.
Sharp Corp. (6753 JT): Foxconn Technology Group, including Taipei-listed flagship Hon Hai Precision Industry Co. (2317 TT) will buy 9.9 percent of Sharp for 66.9 billion yen in a new- share sale, the Osaka-based company said in a statement. Foxconn chairman Terry Gou and related investment companies will buy 46.5 percent of Sharp Display Products Corp., a venture with Sony Corp. (6758 JT), for 66 billion yen. Sharp jumped 4.4 percent to 495 yen.
Sony Corp. (6758) (6758 JT): Incoming President Kazuo Hirai will head the electronics maker’s home entertainment unit, including its television manufacturing business, the company said in a statement. Sony will cut 149 jobs at its mobile unit in Lund, Sweden as part of a global savings program, Sydsvenska Dagbladet reported without saying where it got the information. Sony rose 3.1 percent to 1,742 yen.
Tokyo Electric Power Co. (9501 JT): The utility known as Tepco may sell or invite partial investment in eight thermal plants in Tokyo and three nearby prefectures, the Yomiuri newpaper reported, without citing anyone. The stock added 0.5 percent to 211 yen.
Toyota Motor Corp. (7203) (7203 JT): Asia’s biggest carmaker and Bayerische Motoren Werke AG (BMW GY) have started joint research into next-generation batteries to power cleaner vehicles. The two automakers will try to increase the performance and capacity of lithium-ion batteries with new combinations of materials, Munich-based BMW said in a statement. The stock advanced 3.6 percent to 3,600 yen.
To contact the reporter on this story: Norie Kuboyama in Tokyo at firstname.lastname@example.org
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