AOC Holdings Inc. (5017 JT): The oil and gas explorer cut its full-year net-income forecast 55 percent to 1.3 billion yen ($17 million), citing foreign exchange losses and falling prices. The stock gained 2.4 percent to 554 yen.
Bank of Communications Co. (3328 HK): The lender part-owned by HSBC Holdings Plc plans to raise about 50 billion yuan ($7.9 billion) through a private placement of Hong Kong-listed shares by the end of the first quarter, International Financing Review reported, citing two unidentified people. The stock fell 2.5 percent to HK$6.31.
China Oriental Group Co. (581 HK): Moody’s Investors Service placed the company’s corporate family and senior unsecured ratings under review for possible downgrade after saying its second-half net profit for 2011 may be “substantially lower.” The stock slid 0.4 percent to HK$2.29.
Citizen Holdings Co. (7762 JT): The watchmaker cut its full-year net-income projection 22 percent to 7 billion yen after recalculating deferred tax assets and debt. The stock rose 1.1 percent to 446 yen.
Haseko Corp. (1808 JT): The general contractor said net income in the nine months ended Dec. 31 fell 42 percent to 6.51 billion yen, dragged down by a reversal of deferred tax assets. The stock was unchanged at 59 yen.
Hindustan Petroleum Corp. (HPCL IN): The Indian refiner posted third-quarter net income of 27.3 billion rupees, compared with 2.11 billion rupees in the same period last year, according to an exchange filing. Shares added 0.5 percent to 287.6 rupees.
Heiwa Corp. (6412 JT): The producer of pachinko machines boosted its forecast for full-year operating profit 19 percent to 20.3 billion yen, citing increasing orders. The company also raised its second-half dividend to 35 yen per share from 25 yen. Heiwa cut its net-income projection 6 percent to 18.8 billion yen. The stock added 0.1 percent to 1,358 yen.
KU Holdings Co. (9856 JT): The car dealer said it will buy back up to 4.43 percent of its outstanding shares. The company raised its full-year net-income forecast 46 percent to 1.75 billion yen. The stock rose 0.2 percent to 414 yen.
Mitsubishi Electric Corp. (6503 JT): Japan may need to change plans to launch a supply vehicle to the International Space Station after Mitsubishi Electric was found to have overcharged for contracts, Kyodo News reported, citing Japan Aerospace Exploration Agency President Keiji Tachikawa. The stock increased 0.2 percent to 676 yen.
NHK Spring Co. (5991 JT): The autoparts maker said net income fell 30 percent to 10.8 billion yen in the nine months through Dec. 31, citing falling sales and a strong yen. The stock slipped 0.3 percent to 771 yen.
Nichii Gakkan Co. (9792 JT): The hospital administration provider said nine-month net income climbed 40 percent to 3.9 billion yen, aided by revenue from Gaba Corp. (2133 JP), which became its wholly owned subsidiary in December. The stock declined 0.4 percent to 945 yen.
Nihon M&A Center Inc. (2127 JT): The merger-advisory company will conduct a 200-for-1 stock split, increasing the minimum trading to 100 shares from one share. Nihon M&A also said the president and another shareholder will each sell 2,000 existing shares out of 66,000 outstanding. The stock gained 1.6 percent to 383,000 yen.
Pioneer Corp. (6773 JT): The maker of car-navigation systems and audio equipment swung to a nine-month loss of 6.57 billion yen from net income of 10.3 billion yen a year earlier, as floods in Thailand disrupted supply and the yen’s appreciation eroded earnings, according to a statement. The stock climbed 0.5 percent to 372 yen.
Rohm Co. (6963 JO): The electronic parts maker said it had a 10.8 billion yen loss in the nine months ended Dec. 31, swinging from net income of 11.6 billion yen a year earlier. Rohm said results were dragged down by foreign-exchange losses and Thailand’s floods. The stock rose 0.1 percent to 3,875 yen.
Showa Denko K.K. (4004 JT): The chemical products maker’s net income rose 34 percent to 17 billion yen, missing its forecast by 19 percent. The company said it expects profit to rise 36 percent to 23 billion yen this fiscal year. The stock advanced 1.2 percent to 168 yen.
Talwalkars Better Value Fitness Ltd. (TALW IN): India’s largest publicly traded gym-owner, posted third-quarter group profit that rose 59 percent from a year earlier to 22.1 million rupees, according to an exchange filing. Shares climbed 3.3 percent to 161.2 rupees.
Taiheiyo Cement Corp. (5233 JT): The cement maker swung to net income of 1.1 billion yen in the nine months ended Dec. 31 from a 5.57 billion yen loss a year earlier. The stock added 0.6 percent to 174 yen.
Yamada Denki Co. (9831 JT): The electronics retailer said net income fell 8.2 percent to 56.8 billion yen on a 14 percent drop in sales. The stock fell 1.8 percent to 5,010 yen.
For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
No comments:
Post a Comment