Livesense Inc., the jobs portal led by the youngest president of a company on Japan’s top bourse, may raise fees for its information service as the nation’s labor market improves, sending its stock up the most in five months.
Renesas Electronics Corp. rose to the highest level in five months in Tokyo trading after saying it will raise at least 150 billion yen ($1.8 billion) from a Japan-backed fund and customers as part of a bailout plan.
Nintendo Co., the world’s largest maker of video-game machines, fell to the lowest level in a month in Osaka trading after cutting its profit forecast because of lower demand for its handheld players and a strong yen.
Panasonic Corp., Japan’s third- biggest employer, eliminated almost 39,000 jobs in the past year, and its chief financial officer said the TV maker doesn’t plan another round of cuts. Investors say it has to.
Olympus Corp., the Japanese camera maker that admitted to a $1.7 billion accounting fraud, fell the most in a month in Tokyo trading after saying it may consider selling shares in the market to raise capital.
Sony Corp. jumped the most in more than 10 months in Tokyo trading after incoming Chief Executive Officer Kazuo Hirai said he will close down some underperforming businesses to help revive the unprofitable company.
When Sony Corp.’s 2006 release of PlayStation 3 flopped because features installed by the engineer who founded the business made the games console too expensive, Chief Executive Officer Howard Stringer tapped Kazuo Hirai to turn the division around.