Monday July 2, 8:56 AM
Japan Hot Stocks-Brother Ind, Isuzu, Hino, Lion
TOKYO, July 2 (Reuters) - The following stocks are on the
move on Friday:
**BROTHER RISES ON REPORT IT PLANS TO BOOST R&D**
Brother Industries, an office equipment maker, rises 1.4
percent to 1,837 yen after the Nikkei business daily reported on
Saturday that the company plans to invest up to 130 billion yen
over the next three years on research and development.
The company aims to boost its competitiveness and return
profits to shareholders over the long term, instead of responding
to a request by U.S. activist fund Steel Partners to raise its
dividend, the paper reported.
0055 GMT
**ISUZU UP ON REPORT OF DIESEL EMISSIONS TIE-UP**
Isuzu Motors Ltd. jumps 2.4 percent to 684 yen on a report
the truck maker plans to work with Hino Motors Ltd. to
develop technology for cleaning up diesel engine emissions. Hino
shares are up 0.4 percent at 740 yen.
The two truck makers plan to develop equipment such as
filters that reduce harmful emissions, and cut costs by supplying
parts to one another, the Nikkei business daily said on Saturday.
0022 GMT
**LION UP ON HIGHER FORECAST, DEAL WITH BRISTOL-MYERS**
Shares of Lion up 3.1 percent at 690 yen after the maker of
household goods said on Friday it would buy the trademark rights
for the painkiller "bufferin" and other brands in Japan and
elsewhere in Asia and Oceania from Bristol-Myers Squibb
for 30.4 billion yen. [ID:nT347534]
Lion also raised its group net profit forecast for the first
half to ended in June by 80 percent to 1.8 billion yen ($14.6
million) due to strong sales overseas and a weaker yen.
(For IPO news, data and diary, click)
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