Fujitsu Separates Computing and Mobile Businesses, Nikkei Eases

Hiruki Nakamura
24 Dec, 2015
New York City

Nikkei 225 average slipped and the yen eased in thin trading as markets in Europe and in New York wind down ahead of Christmas Holiday. Fujitsu Ltd decided to separate its mobile phone and computing businesses. Monex Group reported November revenues edged.

[R]4:30 PM Tokyo – Nikkei 225 average slipped and the yen eased in thin trading as markets in Europe and in New York wind down ahead of Christmas Holiday. Fujitsu Ltd decided to separate its mobile phone and computing businesses. Monex Group reported November revenues edged.[/R]

Stocks in Tokyo declined and the yen eased in quiet trading as markets in Europe and New York wind down ahead of Christmas Holiday.

The Nikkei 225 Stock Average slipped 97.01 or 0.5% to 18,789.69 and the broader Topix index slid 9.98 to 1,523.62.

The yen edged dropped against the dollar to 120.45.

Stocks in Review

Fujitsu Ltd slipped 1.3% to 599.60 yen after the electronic products maker decided to split its business in to two separate entities.

Fujitsu Client Computing Limited will manage Notebook and desktop PC business and Fujitsu Connected Technologies Limited will handle Mobile phones business effective from February 1.

Kao Corporation gained 0.9% to 6,124 yen after the Nikkei news said consumer products maker’s sales for the year ending in December are expected to jump 5% to 1.47 trillion yen and operating profit to soar 16% to 155 billion yen.

Monex Group, Inc fell 0.6% to 317 yen after the online securities services provider said operating revenues in November jumped 2.4% to 4.33 billion from October but declined 3.8% from a year ago month.

Unicharm Corporation jumped 1.6% to 2,411 yen after the Nikkei business daily reported baby, feminine and pet care products maker’s net sales for the year ending in December are expected to surge 11% to 740 billion yen and operating profit to decline 10.5% to 77 billion yen.