Shares of western Japan companies down, hit by torrential rain

Edion

09/07/2018 02:28

TOKYO, July 9 (Reuters) - Shares of some companies based in
areas hard hit by the torrential rain in western Japan declined
on Monday, with retailer Izumi Co  8273.T  falling as much as
3.6 percent to a year low.
    The company, based in Hiroshima, runs "youme Town" shopping
malls and supermarkets in the region, which include Okayama.
    Shares of electronics appliance retailer Edion Corp  2730.T 
fell 2.1 percent. The company is based in Osaka and many of its
stores are in western Japan.
    Automakers including Mazda Motor Corp  7261.T  and Daihatsu
Motor Co suspended operations at several plants on Saturday.
   Mazda, headquartered in Hiroshima, said late Sunday that it
would stop production at its plant in Fuchu, Hiroshima
Prefecture, and Hofu, Yamaguchi Prefecture, through Tuesday, as
it was unable to receive components. It said there was no damage
to its plants or those of its suppliers. Mazda shares were up
0.5 percent.
    The death toll from torrential rain and landslides in
western Japan rose to 88 people early on Monday, with dozens
still missing after the rescue of more than 2,000 stranded in
the city of Kurashiki.
    Evacuation orders were in place for nearly 2 million people
and landslide warnings were issued in many prefectures.
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 (Reporting by Taiga Uranaka;
Additional reporting by Naomi Tajitsu; Editing by Stephen
Coates)
 ((taiga.uranaka@thomsonreuters.com; +81-3-6441-1813; Reuters
Messaging: taiga.uranaka.reuters.com@reuters.net))