4:30 PM Tokyo – Stocks in Tokyo eased and market indexes turned lower after a week of advance led by a decline in resource and retail stocks. FamilyMart jumped 4.5% after Itochu plans to increase its stake to 37% before the end of current fiscal year. Aeon dropped 5% after quarterly net plunged.
Stocks in Tokyo slipped after a week of surge and indexes trading near recent highs last week. The yen traded below 102 mark. Retailers and resource stocks were in focus.
The Nikkei 225 Stock Average slipped 57.69 or 0.4% to 15,379.44 and the broader Topix index fell 5.37 to 1,279.87.
The yen closed at 101.95 against one U.S. dollar.
Stocks in Review
Aeon Co Ltd
declined 5.1% to 1,190 yen after the general retailer reported net sales in the first-quarter ending in May soared 17.2% to 1.71 trillion yen from 1.46 trillion yen a year ago period.
Net income in the quarter tumbled 34% to 25.17 billion yen compared to 38.14 billion yen and diluted earnings per share declined to 1.43 yen from 15.44 yen a year ago.
slipped 1.1% to 4,185 yen after the advertising and marketing service provider said net sales in the month of June surged 104.2% to 1.32 trillion yen from a year ago month.
The company said sales from news paper segment soared 84.4% to 82.38 billion yen and revenues from television business climbed 106.8% to 64.45 billion yen from a year earlier. Marketing and promotion sales jumped 110.5% to 14.45 billion yen from June 2013.
Ichibanya Co., Ltd
rose 0.1% to 4,305 yen after the restaurants operator reported net sales in the year ending in May jumped 6.4% to 42.57 billion yen from 39.99 billion yen a year ago period.
Net income in the year climbed 10.4% to 2.39 billion yen compared to 2.16 billion yen and earnings per share gained to 149.52 yen from 135.58 yen a year earlier.
Japan Process Development Co., Ltd
gained 0.6% to 939 yen after the information technology services provider said net sales in the year ending in May rose 0.9% to 5.28 billion yen from 5.23 billion yen a year ago.
Net income in the year soared 15.7% to 241 million yen compared to 208 million yen and earnings per share jumped to 43.50 yen from 37.59 yen a year earlier.
Lifenet Insurance Co
increased 0.5% to 440 yen after the insurance company insurance premiums claims and benefits reached records in June and climbed 113% to 676 million yen and 191 million yen respectively from a year ago month.
Yondoshi Holdings Inc
slipped 1.4% to 2,256 yen after the apparel and accessories retailer reported net sales in the first-quarter ending in May climbed 9.1% to 12.67 billion yen from 11.62 billion yen a year ago period.
Net income in the quarter surged 43.2% to 1.18 billion yen compared to 827 million yen and diluted earnings per share increased 43.30 yen from 30.28 yen a year earlier.