| Market & Trends |
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Japan Hot Stocks-Asahi Glass, Seiko Epson, Fujitsu, Canon
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The following stocks are on the move on Thursday: **ASAHI GLASS (5201.T: Quote, Profile, Research) EXTENDS LOSS, REVISES DOWN FORECASTS**
Asahi Glass Co., Japan's biggest comprehensive glass maker, extends losses into a fifth session, falling 2.4 percent to 1,102 yen after cutting its profit forecast for the year.
The company late on Wednesday lowered its group net profit forecast for the year to December to 81 billion yen ($720 million) from a previous 83 billion yen due to sluggish sales of cathode ray tube TVs and higher material costs.
But it raised its dividend forecast to 15 yen per share from 12, reflecting an expected rise in net profit. 0051 GMT **SEIKO EPSON (6724.T: Quote, Profile, Research) FALLS AFTER UNEXPECTED QUARTERLY LOSS**
Seiko Epson Corp., the world's second-biggest maker of ink-jet printers, falls 4.2 percent to 3,410 yen, its lowest since September 2003, after the company late on Wednesday posted an operating loss of 5.04 billion yen ($44.82 million) in the latest quarter, against market expectations for a small profit.
It also cut its full-year forecast by 19 percent.
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July 29th, 2005
Source: Reuters.com |
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