May 1 (Bloomberg) -- The following companies may have unusual price changes in Japanese trading on May 7. Markets will be closed till May 7 for national holidays. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.
Alps Electric Co. (6770 JT): The auto-parts maker posted a net loss of 69.4 billion yen ($698 million) in the year ended March 31, compared with 4.42 billion yen in profit a year earlier, with a 22 percent drop in sales. The company forecast its loss to narrow to 12.5 billion yen this fiscal year. The stock gained 3.4 percent to 543 yen.
Avex Group Holdings Inc. (7860 JT): The maker of CDs and DVDs said in a preliminary earnings statement net loss in the year just ended totaled 1 billion yen, reversing from its profit outlook of 3 billion yen, citing goodwill depreciation and falling sales of music packages. The stock lost 0.5 percent to 872 yen.
CSK Holdings Corp. (9737 JT): The computer-services company had a wider-than-expected loss in the year ended in March because of charges on asset sales, inventory and tax assets. CSK had a full-year net loss of 161 billion yen, wider than its loss projection of 104 billion yen, according to a preliminary earnings statement. CSK rose 1.2 percent to 524 yen.
Cedyna Financial Corp. (8258 JT): The credit card provider said in a preliminary earnings statement net income totaled 3.9 billion yen for the 13 months ended March 31, falling short of its forecast by 36 percent, on lower-than-expected revenue. The stock was unchanged at 175 yen.
Coca-Cola West Holdings Co. (2579 JT): Japan’s biggest soft-drink maker slashed its full-year net income projection by 67 percent to 1.9 billion yen and its sales outlook by 7 percent to 387.2 billion yen. The stock added 0.4 percent to 1,630 yen.
DeNA Co. (2432 JT): The operator of auction and shopping Web sites said full-year net income rose 17 percent to 7.96 billion yen on a 27 percent gain in sales. It forecast profit will advance 6.8 percent to 8.5 billion yen this business year. DeNA slipped 0.3 percent to 350,000 yen.
Fancl Corp. (4921 JT): The maker of cosmetics and nutritional supplements said full-year net income declined 28 percent to 2.66 billion yen, with a 1.4 percent slip in sales. The company forecast profit will rise 28 percent to 3.4 billion yen this fiscal year. Fancl fell 0.4 percent to 1,122 yen.
Isetan Mitsukoshi Holdings Ltd. (3099 JT): The department store chain said in a preliminary earnings statement full-year net income was 4.5 billion yen, falling short of its forecast by 59 percent, due to writedowns on stores held by units. Operating profit in the year just ended amounted to 19.5 billion yen, 30 percent above the company’s projection, buoyed by administration cost cuts. The stock gained 1.9 percent to 843 yen.
Mitsubishi UFJ Financial Group Inc. (8306 JT): Japan’s biggest listed bank posted a full-year net loss of 260 billion yen for the 12 months ended March 31, compared with a 636.6 billion yen profit a year earlier, Mitsubishi UFJ said, citing preliminary figures. The lender had forecast net income of 50 billion yen. The lender cut its second-half dividend to 5 yen from 7 yen. The stock fell 0.4 percent to 533 yen.
Nipponkoa Insurance Co. (8754 JT): The casualty insurer’s full-year current loss, or pretax loss from operations, totaled 3 billion yen, due to deterioration in asset management, according to a preliminary earnings statement. The loss compares with the company’s projection of 14 billion yen in profit. Nipponkoa said net income was 9.9 billion yen in the year just ended, beating its 9 billion yen profit forecast. The insurer raised its full-year dividend to 8 yen from 7.5 yen. The stock slid 0.4 percent to 532 yen.
Nipro Corp. (8086 JT): The medical-products maker said in a preliminary earnings statement net income on a parent basis fell to 540 million yen from 4.85 billion yen a year ago, falling short of its forecast by 89 percent, after taking charges for unprofitable units and affiliates. The company is calculating group-based earnings, it said. Nipro cancelled its yearend dividend of 4 yen. The stock rose 0.9 percent to 1,448 yen.
Nissay Dowa General Insurance Co. (8759 JT): The insurer said in a preliminary earnings statement net loss in the year just ended totaled to 6.7 billion yen, wider than its 4 billion yen loss outlook, due to lower-than-expected asset-management gains. The stock fell 1.2 percent to 418 yen.
Nomura Real Estate Holdings Inc. (3231 JT): The property developer said full-year net income plunged 61 percent to 13.8 billion yen, and it forecast profit to drop further to 10 billion yen this fiscal year. The company expects operating profit to rise 12 percent to 38 billion yen, with a 4.8 percent advance in sales. The stock rose 1.6 percent to 1,635 yen.
Point Inc. (2685 JT): The apparel store chain said domestic same-store sales in April fell 3 percent from the same month a year earlier, dragged down by a 3.4 percent drop in sales per customer. The stock slumped 4.8 percent to 4,190 yen.
Ryoshoku Ltd. (7451 JT): The processed-food wholesaler said its first-quarter net loss widened to 1.87 billion yen from 1.11 billion yen a year earlier, dragged down devaluation of securities. Operating profit in the quarter amounted to 258 million yen, compared with a 1.29 billion yen loss a year ago, Ryoshoku said in a release. The stock sank 2.8 percent to 1,953 yen.
Sompo Japan Insurance Inc. (8755 JT): The casualty insurer said in a preliminary earnings statement its full-year net loss was 66.5 billion yen, wider then its 52 billion yen loss outlook, citing bigger-than-expected losses related to asset management. The stock dropped 2.2 percent to 575 yen.
Sotsu Co. (3711 JQ): The animation company said it will conduct a 100-for-1 stock split, changing its minimum trading unit to 100 shares from 1 share as of June 1. The stock rose 0.6 percent to 222,000 yen.
Sumitomo Mitsui Financial Group Inc. (8316 JT): Citigroup Inc. (C US) agreed to sell its Japanese retail brokerage and parts of its investment banking business to Sumitomo Mitsui for 545 billion yen. Sumitomo Mitsui is acquiring Nikko Cordial Securities Inc. and part of Nikko Citigroup Ltd., the investment banking unit of Citigroup in Japan, it said in a statement. Sumitomo Mitsui advanced 2.7 percent to 3,490 yen.
USJ Co. (2142 JT): The operator of the Universal Studios Japan theme park said net income in the year just ended rose 3.4 percent to 7 billion yen, beating its forecast by 17 percent. USJ expects profit to drop by 12 percent to 6.14 billion yen this fiscal year. The stock rose 0.5 percent to 49,650 yen.
Workman Co. (7564 JQ): The maker of work uniforms said sales in April at stores open for at least 13 months declined 12 percent from the same month a year earlier, citing sluggish sales of summer uniforms and rain shoes. The stock added 1 percent to 981 yen.
Yokogawa Bridge Holdings Corp. (5911 JT): The builder said in a preliminary earning statement full-year net income amounted to 2.38 billion yen, topping its forecast by 19 percent, citing favorable fourth-quarter orders and fixed-cost cuts. The stock slipped 1.7 percent to 837 yen.
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