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Bic Camera, Daiwa, Hamamatsu, Takashimaya: Japan Equity Preview

By Norie Kuboyama

June 26 (Bloomberg) -- The following companies may have unusual price changes in Japanese trading on June 29. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.

Aoki Super Co. (9977 JQ): The supermarket operator said first-quarter net income fell 13 percent to 317 million yen ($3.3 million), citing increasing price competition. The stock slid 0.2 percent to 901 yen.

Arisawa Manufacturing Co. (5208 JT): The industrial- materials processor widened its full-year net loss outlook to 2.45 billion yen from 1.3 billion yen, citing losses related to the sale of part of a stake in an affiliate. The stock slumped 1.4 percent to 552 yen.

Bic Camera Inc. (3048 JT): The consumer electronics store operator was fined 120.7 million yen by financial regulators for misstating earnings. The retailer said in December that it would restate earnings for the fiscal years 2006 to 2008 and that it would book a real estate transaction previously held off its balance sheet. The stock rose 1.7 percent to 39,250 yen.

CDG Co. (2487 JQ): The company, which provides marketing services and develops promotional goods, said it will repurchase as much as 2.48 percent of its total shares. The stock last traded at 1,280 yen on June 25.

CFS Corp. (8229 JT): The supermarket chain posted a first- quarter net loss of 311 million yen, compared with a 114 million yen in profit a year earlier, citing an inventory-related charge stemming from a change in accounting methods. The stock gained 2.7 percent to 600 yen.

Daiwa Securities Group Inc. (8601 JT): Japan’s second- biggest brokerage plans to sell about 240 billion yen of shares to expand its overseas business in Asia and emerging markets. The company plans to sell the shares in Japan and overseas, it said in statements. The total includes about 133 billion yen of new shares to be sold mainly in Japan. The stock was unchanged at 668 yen.

Futaba Corp. (6986 JT): The electronic-parts maker said it will retire 1.5 million shares, or 3.17 percent of its outstanding shares, on July 10. Futaba slipped 0.5 percent to 1,758 yen.

Hamamatsu Photonics K.K. (6965 JT): The maker of electron tubes and semiconductors reversed its full-year forecast to a net loss of 700 million yen from a 2.6 billion yen in profit. It slashed its sales outlook by 11 percent to 68.8 billion yen, citing a bigger-than-expected plunge in orders. The company plans to pay a full-year dividend of 30 yen, down from 46 yen a year earlier. The stock fell 0.4 percent to 1,986 yen.

Nichia Steel Works Ltd. (5658 JT): The steel-products maker said it will repurchase as much as 1 percent of its total shares. The stock dropped 0.3 percent to 303 yen.

OSG Corp. (6136 JT): The machine-tool maker widened its full-year net loss projection to 3.4 billion yen from 3.3 billion yen and cut its sales forecast 10 percent to 54 billion yen. The stock advanced 1.9 percent to 818 yen.

Okuwa Co. (8217 JO): The supermarket chain said first- quarter net income plunged to 100 million yen from 1.12 billion yen a year earlier, dragged down by a charge from devaluing inventory assets. Okuwa fell 0.7 percent to 1,151 yen.

Sankyo-Tateyama Holdings Inc. (3432 JT): The aluminum mesh maker said in a preliminary earnings statement full-year net loss totaled 19.3 billion yen, wider than its 16 billion yen loss outlook, due to charges related to severance package programs and aluminum contract cancellations. The company lost 2.62 billion yen a year earlier. The stock rose 1.1 percent to 89 yen.

Takashimaya Co. (8233 JT): The department-store chain said profit fell for a third-straight quarter as the country’s deepest postwar recession continues to erode retail sales. Net income plunged to 316 million yen for the three months ended May, from 4.5 billion yen a year earlier, the retailer said in a statement. The stock added 0.1 percent to 719 yen.

Tsurumi Manufacturing Co. (6351 JT): The maker of submersible pumps said it will buy back as much as 1.97 percent of its total shares. The stock gained 1.8 percent to 583 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

Last Updated: June 26, 2009 04:45 EDT

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