| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
 |
advertisement | ||
Monday April 9, 9:05 AMJapan Hot Stocks-TOC, Isuzu Motors, Yamaha Corp, KDDI, HoyaTOKYO, April 9 (Reuters) - - The following stocks are on the move on Monday: **TOC LIMIT-UP AFTER ANNOUNCING MANAGEMENT BUYOUT**TOC Co. rises by the daily price limit of 100 yen or 13.0 percent to 869 yen, becoming the second biggest percentage gainer in the Tokyo exchange's first section, after the company said on Friday it plans to go private through a management buyout. A fund controlled by TOC President Takuo Otani will offer 800 yen per share, aiming to acquire up to 100 percent of the building leasing firm. 0100 GMT **ISUZU MOTORS RISES ON PLAN FOR US TRUCK PLANT** Isuzu Motors rises 1.4 percent to 634 yen after the company said it has bought land for a U.S. truck plant in Alabama, pushing ahead with plans to reestablish a production base in the world's biggest vehicle market. [ID:nT285952] 0055 GMT **YAMAHA CORP GAINS AFTER MID-TERM PLAN** Yamaha Corp., a maker of musical instruments, gains 3.6 percent to 2,880 yen after it announced a 3-year business plan on Friday under which it would aim for an annual operating profit of 45 billion yen ($377 million) and return on equity (ROE) of 10 percent by the fiscal year to March 2010. That compared with its expected operating profit of 26 billion yen and an estimated ROE of 9.2 percent for the year ended last month. The company also said it would beef up marketing in emerging markets such as China and Russia. 0035 GMT **KDDI UP ON U.S. PLAN, SUBSCRIBER DATA** KDDI Corp. rises 2.5 percent to 1 million yen after the second-biggest mobile phone operator in Japan said on Sunday it aims to offer a mobile phone service in the United States using a network operated by Sprint Nextel Corp. . [ID:nT217561] Separately, data from Japan's top mobile operators showed that KDDI added the most mobile phone users in Japan in March and in the business year 2006/07, beating rivals NTT DoCoMo and Softbank Corp. . [ID:nT262078] 0032 GMT ****HOYA DOWN AFTER PENTAX PRESIDENT SAID TO RESIGN**** Shares in high-tech glass maker Hoya Corp down 0.24 percent at 4,090 yen after Pentax President Fumio Urano told reporters on Monday that he was set to resign from his current position, clouding the outlook of Hoya's tender offer for the camera maker. The board of Pentax will decide on its response to the offer at a meeting on Tuesday, Urano said. Hoya said on Friday it planned to make a tender offer for Pentax Corp. , instead of using a share swap, to appease shareholders unhappy about the merger ratio. Pentax stock was untraded with a glut of buy orders at 763 yen, up 4 percent. 0013GMT (For IPO news, data and diary, click) |
|||
|
Copyright © 2005 Reuters Limited. All rights reserved. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of Reuters Limited
|