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Aiful, Daiwa, FamilyMart, Nippon Yusen: Japan Equity Preview

By Norie Kuboyama and Kana Nishizawa

Nov. 12 (Bloomberg) -- The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the previous close. The information in each item was released after markets closed, unless stated otherwise.

Aeon Co. (8267 JT): The retailer’s October same-store sales fell 5.7 percent with a 6.5 percent drop in sales per customer. The stock slumped 5 percent to 736 yen.

Aiful Corp. (8515 JT): The consumer lender, which is seeking to defer loan repayments with creditors, reported a record first-half loss on reserves to refund customers for overcharged interest. The net loss for the six months ended Sept. 30 totaled 282.3 billion yen ($3.1 billion), compared with 7.17 billion yen profit a year earlier. The company had forecast loss of 298 billion yen. The stock declined 4.7 percent to 123 yen.

Alps Electric Co. (6770 JT): The maker of parts used for car electronics said its first-half net loss totaled 9.6 billion yen, compared with 830 million yen profit a year earlier. The loss was narrower than the company’s 14 billion yen loss forecast. Alpine widened its full-year loss projection to 9 billion yen from 8 billion yen. The stock added 1.4 percent to 570 yen.

Asatsu-DK Inc. (9747 JT): Japan’s third-biggest advertising agency said net income for the nine months ended Sept. 30 fell 90 percent to 263 million yen as corporate cost cutting caused advertising sales to drop. The stock advanced 0.2 percent to 1,746 yen.

Asia Pacific System Research Co. (4727 JQ) and Canon Electronics Inc. (7739 JT): Canon Electronics, a maker of camera units and magnetic heads, will acquire Asia Pacific in a stock swap and turn the system developer into a wholly owned subsidiary. Canon Electronics will pay 0.34 shares for each share of Asia Pacific System Research, the companies announced in a joint statement. Asia Pacific last traded on Nov. 9 at 450 yen. Canon Electronics slid 0.1 percent to 1,748 yen.

C. Uyemura & Co. (4966 JO): The plating chemicals maker’s net income may drop 46 percent to about 2.2 billion yen for the year ending March 2010, Nikkei English News reported. The company had forecast profit of 1.8 billion yen earlier, the report said. The stock lost 6.1 percent to 3,230 yen.

CSK Holdings Corp. (9737 JT): The information-services firm said its first-half net loss was 58.6 billion yen, compared with a 15.5 billion yen loss in a year earlier. The stock added 0.6 percent to 351 yen.

Daikyo Inc. (8840 JT): The homebuilder raised its full-year net income forecast by a quarter to 4.5 billion yen, citing lower administration costs. The stock was unchanged at 227 yen.

Daiwa Securities Group Inc. (8601 JT): Japan’s second- largest brokerage plans to invest 100 billion yen in its businesses in Asia outside Japan, Nikkei English News reported. Daiwa plans to hire 450 employees in the region as it expands equity trading and investment banking services, Nikkei said. The stock added 0.9 percent to 463 yen.

Disco Corp. (6146 JT): The maker of abrasives and precision industrial machinery swung to a first-half net loss of 95 million yen from 2.66 billion yen profit a year earlier, with a 35 percent fall in sales. The company boosted its full-year profit outlook to 1.4 billion yen from 100 million yen. The stock gained 2.7 percent to 4,970 yen.

Ebara Corp. (6361 JT): The pumpmaker said its first-half net loss narrowed to 1.14 billion yen from 2.66 billion yen a year earlier. The company lifted its full-year profit outlook 17 percent to 3.5 billion yen. The stock advanced 2.3 percent to 404 yen.

FamilyMart Co. (8028 JT): The convenience-store chain and its top shareholder Itochu Corp. (8001 JT) plan to purchase rival convenience store Am/Pm Japan Co., Nikkei English News reported. FamilyMart and Itochu may spend about 10 billion yen to acquire all shares from Am/Pm parent company Rex Holdings Co., Nikkei said. FamilyMart fell 0.8 percent to 2,485 yen. Itochu rose 1.2 percent to 608 yen.

Futaba Industrial Co. (7241 JT): The auto-parts maker narrowed its full-year net loss forecast to 1 billion yen from 7 billion yen, with greater-than-estimated sales. Higher-than- expected car production by the company’s customers in Japan contributed to the forecasts, Futaba said in a release. The stock fell 0.4 percent to 484 yen.

Japan Tobacco Inc. (2914 JT): The cigarette maker said the Japanese government will sell its stake in the company “eventually” as a way to raise funds to stem rising public debt. “What we hear is that they think about privatization, which includes us,” Japan Tobacco’s executive deputy president Munetaka Takeda told a briefing in London. The stock fell 1.7 percent to 452 yen.

Katakura Industries Co. (3001 JT): The maker of underwear, stockings and pharmaceuticals reversed its full-year forecast to a net loss of 300 million yen from 200 million yen profit, citing deteriorating profitability in its machine units. The stock slid 2.1 percent to 946 yen.

Keihin Electric Express Railway Co. (9006 JT): The rail and bus company said its first-half net income fell 55 percent to 3.12 billion yen. The company cut its full-year profit outlook 22 percent to 6 billion yen. The stock rose 0.2 percent to 682 yen.

Kintetsu Corp. (9041 JT): The rail operator said first-half net income fell 77 percent to 2.58 billion yen. The company had forecasted 2 billion yen profit. The stock gained 0.3 percent to 307 yen.

Mori Seiki Co. (6141 J0): Sony Corp. (6758 JT) will sell its Sony Manufacturing Systems unit to Mori Seiki for about 6 billion yen. The unit makes electronics devices and components. Sony made the announcement in a press release. Mori Seiki added 0.3 percent to 907 yen. Sony lost 1 percent to 2,590 yen.

Nippon Steel Corp. (5401 JT): The steelmaker and three Japanese trading houses including Mitsui & Co. (8031 JT) will buy a 55 percent stake in Indonesian state-owned tin-plate maker PT Pelat Timah Nusantara from PT Krakatau Steel (KKTS IJ). Nippon Steel slid 1.2 percent to 338 yen. Mitsui slipped 0.3 percent to 1,179 yen.

Nippon Yusen K.K. (9101 JT): Japan’s largest shipping line by sales may raise about 150 billion yen in a stock offer as early as next month, Nikkei English News said. The sale may increase the outstanding shares by about 30 percent. Nomura Securities Co. and Merrill Lynch Japan Securities Co. are expected to manage the sale, the Nikkei said. The stock was unchanged at 327 yen.

Shinsei Bank Ltd. (8303 JT): The lender merging with smaller Aozora Bank Ltd. (8304 JT) reported a second quarter profit helped by costs cuts and the absence of losses related to Lehman Brothers Holdings Inc.’s collapse. Shinsei posted net income of 5.9 billion yen for the three months ended Sept. 30, compared with a loss of 30.1 billion yen a year earlier, it said in a statement. Shinsei dropped 1.7 percent to 115 yen. Aozora fell 0.9 percent to 108 yen.

SKY Perfect JSAT Holdings Inc. (9412 JT): The satellite broadcaster said first-half net income jumped to 3.28 billion yen from 309 million yen a year earlier, reflecting an absence of the previous year’s charge from a drop in the value of its investment securities. The stock rose 0.1 percent to 40,750 yen.

Sumitomo Chemical Co. (4005 JT): The petrochemical venture between Sumitomo Chemical and Saudi Arabian Oil Co. (13186Z AB) may seek new partners to produce synthetic fiber and other products, Nikkei English News said, citing Ziad Al-Labban, chief executive officer of Petro Rabigh Co. Sumitomo Chemical gained 4.4 percent to 376 yen.

Taiheiyo Cement Corp. (5233 JT): The cement maker may reduce its Japanese production capacity 30 percent by the end of fiscal 2010 because of a slow rebound in demand for condominiums and other structures from the private sector, Nikkei English News reported. The stock added 5.6 percent to 113 yen.

Taisei Oncho Co. (1904 JQ): The provider of pipe engineering works said it will buy back as much as 2.57 percent of its outstanding shares. The stock dropped 0.9 percent to 317 yen.

Tomy Co. (7867 JT): The toymaker said its first-half net income jumped 85 percent to 4.88 billion yen, citing an increase in video-game sales. The company boosted its full-year profit outlook 49 percent to 8.5 billion yen and its planned year-end dividend to 7 yen from 5 yen. The stock gained 1.5 percent to 790 yen.

Tsubakimoto Chain Co. (6371 JT): The maker of power- transmission equipment said first-half net income fell 91 percent to 507 million yen. The company boosted its full-year profit outlook to 1.7 billion yen from 300 million yen. The stock was unchanged at 396 yen.

Tsumura & Co. (4540 JT): The drugmaker said its first-half operating profit increased 17 percent to 8.96 billion yen. The company lifted its full-year net income forecast 2.7 percent to 11.6 billion yen. The stock rose 0.3 percent to 3,070 yen.

Uniden Corp. (6815 JT): The electronic equipment maker widened its full-year net loss projection to 7.55 billion yen from 2.36 billion yen, citing costs from a delay in operating productions in Vietnam and stronger yens. Uniden was unchanged at 202 yen.

Zensho Co. (7550 JT): The restaurant chain said first-half current profit, or pretax profit from operations, rose 67 percent to 6.21 billion yen, citing expansion in its business operations and synergy gains. The stock fell 0.8 percent to 627 yen.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.netKana Nishizawa in Tokyo at knishizawa5@bloomberg.net

Last Updated: November 11, 2009 18:31 EST

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