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All Nippon, Daiwa, Kyocera, DoCoMo, Sony: Japan Equity Preview

By Norie Kuboyama and Yasuhiko Seki

Nov. 2 (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 shut, unless stated otherwise.

All Nippon Airways Co. (9202 JT): Asia’s second-largest carrier by sales forecast a second-straight annual loss as international passenger travel declined at the fastest pace in six years. ANA expects a loss of 28 billion yen ($308 million) in the year ending March, compared with a previous prediction of a 3 billion yen profit, it said in a statement. The stock added 0.4 percent to 253 yen.

Aozora Bank Ltd. (8304 JT): The lender, which is merging with larger rival Shinsei Bank Ltd. (8303 JT), said it will resume its annual dividend with a payment of .07 yen a share in the fourth quarter. Aozora was unchanged at 109 yen.

Asahi Breweries Ltd. (2502 JT): The company had a 14 percent drop in third-quarter profit as poor weather cut domestic beer demand. Net income was 19.7 billion yen for the three months ended Sept. 30, compared with 22.9 billion yen a year earlier. Asahi rallied 3.3 percent to 1,615 yen.

Brother Industries Ltd. (6448 JT): The office equipment maker said first-half net income plunged 58 percent to 4.92 billion yen, with a 22 percent drop in sales. The stock gained 3.2 percent to 1,052 yen.

Cookpad Inc. (2193 JT): The cooking recipe Web site operator said it will conduct a 3-for-1 stock split. The stock slid 1.2 percent to 25,990 yen.

Daiwa Securities Group Inc. (8601 JT): Japan’s second- largest brokerage reported second-quarter profit that missed analysts’ estimates as revenue plunged 20 percent. Net income was 1.99 billion yen for the three months ended Sept. 30, compared with a loss of 20.5 billion yen a year earlier, the company said in a statement. The average of four estimates by analysts surveyed by Bloomberg News was for earnings of 7.1 billion yen. The stock rose 2.9 percent to 491 yen.

Ebara Corp. (6361 JT): The pumpmaker raised its full-year net income forecast 17 percent to 3.5 billion yen, citing lower fixed costs. The stock gained 2 percent to 407 yen.

Fujifilm Holdings Corp. (4901 JT): The world’s biggest maker of film used in liquid-crystal-display panels swung to a first-half operating loss of 8.6 billion yen from the previous year’s profit, with a 22 percent fall in sales. The stock added 0.8 percent to 2,630 yen.

Godo Steel Ltd. (5410 JT): The maker of steel products more than tripled its full-year operating profit outlook to 2.6 billion yen from 800 million yen. The company also said it will spend as much as 1.4 billion yen to repurchase up to 3.5 percent of its outstanding shares. The stock was unchanged at 179 yen.

Ibiden Co. (4062 JT): The maker of ceramics and building materials said first-half net income plunged 60 percent to 4.82 billion yen, with a 29 percent drop in sales. The company lifted its full-year profit outlook by 50 percent to 7.5 billion yen. The stock climbed 6.4 percent to 3,340 yen.

Japan Airlines Corp. (9205 JT): The airline plans to cut 16 unprofitable domestic and international routes by June, Nikkei English News said. The stock added 1.7 percent to 117 yen.

Keyence Corp. (6861 JT): The sensor maker said first-half net income fell 42 percent to 15 billion yen, with a 39 percent fall in sales. The company lifted its full-year profit outlook by 6.9 percent to 31 billion yen. The stock gained 3.2 percent to 18,220 yen.

Kyocera Corp. (6971 JT): The maker of solar cells and electronic devices said first-half profit fell 81 percent as sales declined amid the global economic slowdown. Net income fell to 8.73 billion yen in the six months ended Sept. 30, from 45.2 billion yen a year earlier, the company said in a statement. The stock added 0.5 percent to 7,750 yen.

Mediceo Paltac Holdings Co. (7459 JT): Japan’s largest drug wholesaler said first-half net income plunged 70 percent to 3.12 billon yen, dragged down by pension-related charges. The stock slipped 1.5 percent to 1,275 yen.

Mitsubishi Gas Chemical Co. (4182 JT): The chemical products maker slashed its full-year net income forecast by 83 percent to 1 billion yen. The company swung to a first-half net loss of 2.43 billion yen. That was narrower than the company’s loss forecast of 4 billion yen. The stock added 1.9 percent to 427 yen.

Mitsui Chemicals Inc. (4183 JT) and China Petroleum & Chemical Corp. (600028 CH), known as Sinopec, plan to spend a total of 60 billion yen to build two factories in Shanghai to make materials for resins and synthetic rubber, Nikkei English News said. Mitsui Chemicals rose 1.9 percent to 317 yen.

NHK Spring Co. (5991 JT): The autoparts maker said in a preliminary earnings statement first-half net income totaled 800 million yen, compared with its 100 million yen profit outlook, due to higher-than-expected orders. The company plans to pay an interim dividend of 3.5 yen. The stock rallied 5.3 percent to 721 yen.

Nintendo Co. (7974 JO): The world’s largest maker of video- game players lowered its annual profit and revenue forecasts on slumping sales of the company’s flagship Wii consoles. Net income will fall to 230 billion yen in the year to March 2010, the Kyoto-based company said in a statement. The projected profit, the first annual drop in six years, missed the 270 billion yen median of 23 analyst estimates compiled by Bloomberg. The stock declined 3.6 percent to 23,180 yen.

Nitto Denko Corp. (6988 JT): The chemical-products maker boosted its full-year net income projection to 32 billion yen from 13 billion yen, with higher-than-expected sales. The stock rallied 3.4 percent to 2,775 yen.

Nippon Yusen K.K. (9101 JT): Japan’s largest shipping line by sales said its air-cargo business is under an antitrust review in South Korea. The stock was unchanged at 341 yen.

NSK Ltd. (6471 JT): The bearing maker swung to a first-half net loss of 5.89 billion yen from the previous year’s profit, with a 33 percent drop in sales. NSK expects to break even this fiscal year, compared with its earlier loss forecast of 3.5 billion yen. The stock advanced 3.1 percent to 540 yen.

NTT DoCoMo Inc. (9437 JT): Japan’s largest mobile-phone operator said second-quarter net income fell 21 percent from a year earlier as it cut data-transmission charges. The company projected a drop in annual handset shipments. Net income declined to 137.3 billion yen in the three months ended Sept. 30, from 173.1 billion yen a year earlier, the company said in a statement. The stock slid 0.5 percent to 131,900 yen.

Olympus Corp. (7733 JT): The world’s biggest maker of endoscopes beat its operating profit forecast for the first half by 47 percent, because of better-than-expected sales and profit margins for information technology. Operating profit for the six months ended September was 28 billion yen, beating its 19 billion yen forecast, Olympus said in a release. The stock soared 9.2 percent to 2,900 yen.

Panasonic Corp. (6752 JT): The world’s largest maker of plasma televisions forecast a narrower full-year loss, citing cost reductions. The net loss for the year ending March 31 may be 140 billion yen, compared with a previous loss forecast of 195 billion yen, the company said in a statement. The stock gained 3 percent to 1,292 yen.

Resona Holdings Inc. (8308 JT): The lender said in a preliminary earnings statement first-half net income was 85 billion yen, more than double its 30 billion yen forecast. The bank’s net income for the same period a year earlier was 86.4 billion yen. Also, Resona said it will sell 75 billion yen in preferred shares to Nippon Life Insurance Co. (0001 JP) and two other Japanese life insurers. Resona rose 1.1 percent to 1,096 yen.

Sanyo Electric Co. (6764 JT): The company has reached an agreement to supply nickel-metal hydride batteries to PSA Peugeot Citroen Group (UG FP) from 2011, Nikkei English News reported. Sanyo gained 3.6 percent to 228 yen.

Shinsei Bank Ltd. (8303 JT): The lender said in a preliminary earnings statement first-half net income was 11 billion, more than double its forecast, amid lower costs. The stock was unchanged at 121 yen.

Showa Shell Sekiyu K.K. (5002 JT): The Japanese refining unit of Royal Dutch Shell Plc widened its full-year net loss projection to 32 billon yen from 17 billion yen, citing slumping demand for petroleum products. The stock slid 0.1 percent to 905 yen.

Sompo Japan Insurance Inc. (8755 JT): The insurance company’s merger with Nipponkoa Insurance Co. (8754 JT), may save 50 billion yen of costs in 2014, Nikkei English News reported. The stock fell 0.2 percent to 546 yen. Nipponkoa rose 0.2 percent to 504 yen.

Sony Corp. (6758 JT): The electronics maker narrowed its full-year net loss forecast to 95 billion yen from 120 billion yen after boosting cost cuts and asset sales to narrow losses at its television and game units. The stock rose 2.8 percent to 2,785 yen.

Sumitomo Electric Industries Ltd. (5802 JT): The electric wire maker swung to a first-half net loss of 9.74 billion yen from the previous year’s profit, with a 35 percent drop in sales. The stock added 1.5 percent to 1,125 yen.

Takefuji Corp. (8564 JT): The consumer lender said in a preliminary earnings statement first-half net income amounted to 17 billion yen, more than double its 8.2 billion yen profit outlook, due to less-than-expected costs for loan losses and higher-than-expected loan interest. The stock was unchanged at 347 yen.

Tokyo Broadcasting System Holdings Inc. (9401 JT): The TV broadcaster narrowed its full-year net loss forecast to 2.9 billion yen from 4.9 billion yen, citing better management on its administration costs. The stock advanced 0.5 percent to 1,365 yen.

Tokyo Electric Power Co. (9501 JT): Asia’s biggest utility posted an interim profit after restarting two reactors shut by an earthquake in 2007, reducing the cost of buying fossil fuels for thermal generation. Net income was 138.2 billion yen for the six months ended Sept. 30, compared with a 109.4 billion yen loss a year earlier, the utility said in a statement. The stock rose 0.7 percent to 2,225 yen.

Tokyo Electron Ltd. (8035 JT): The world’s second-largest maker of semiconductor equipment narrowed its full-year net loss outlook to 27 percent from 38 billion yen and raised its sales forecast 13 percent to 360 billion yen. The stock rallied 3.2 percent to 5,240 yen.

Tokyo Tatemono Co. (8804 JT): The property developer said nine-month net income fell 38 percent to 5.14 billion yen on charges for inventory asset devaluations. Operating profit in the period rose 23 percent to 24.4 billion yen on a 60 percent jump in revenue. The stock climbed 3.5 percent to 445 yen.

Toshiba Corp. (6502 JT): Japan’s biggest chipmaker turned to first-half operating profit of 2.69 billion yen from an 18.5 billion yen loss a year earlier, while sales in the six months ended Sept. 30 dropped 15 percent to 2.96 trillion yen. The stock rallied 3.7 percent to 530 yen.

Sanyo Electric Co.(6764 JT): The maker of electronics products has reached an agreement to supply nickel-metal hydride batteries to PSA Peugeot Citroen Group from 2011, Nikkei English News reported, without saying where it got the information. Sanyo will ship batteries for several tens of thousands of cars per year, it said.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.netYasuhiko Seki in Tokyo at yseki5@bloomberg.net;

Last Updated: November 1, 2009 18:11 EST

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