Nippon Steel, Disco, Isuzu, Rohm, TS: Japanese Equity Preview

The following is a list of companies whose shares may have unusual price changes in Japanese markets. Stock symbols are in parentheses after company names and prices are from the last close.

Alfresa Holdings Corp. (2784) : The medical products company's first-half net income rose 18 percent to 7 billion yen ($63 million), as sales increased a 3.8 percent. The stock slid 250 yen, or 3.8 percent, to 6,290.

Azumi Co. (9935 JN): Estelle Co. (7872 JQ), a jewelry maker, offered to pay 730 yen per Azumi share to turn it into a subsidiary. Azumi was unchanged at 637 yen. Estelle dropped 25 yen, or 3.4 percent, to 710.

Chudenko Corp. (1941) : The electrical facility builder returned to profit, posting a first-half net income of 1.39 billion yen. The company had a 2.02 billion yen loss the previous year because of labor costs and asset impairments charges. The stock fell 35 yen, or 1.7 percent, to 2,070.

Citizen Holdings Co. (7762 JT): First-half net income at the maker of watches and machine tools climbed 82 percent to 7.72 billion yen, buoyed by a 2.6 percent rise in sales and a gain from sale of stockholdings. The stock slipped 38 yen, or 3.1 percent, to 1,177.

Disco Corp. (6146) : The precision industrial machinery maker said first-half net income advanced 12 percent to 6.2 billion yen on a 16 percent rise in sales. The company boosted its planned full-year dividend to 76 yen from 69 yen. The stock dropped 200 yen, or 3.2 percent, to 6,050.

Fancl Corp (4921) : The maker of additive-free skin care cosmetics will spend as much as 4 billion yen to buy back up to 4.7 percent of its total outstanding shares. The stock fell 13 yen, or 1.1 percent, to 1,210.

Isuzu Motors Ltd. (7202) : First-half net income at Japan's biggest maker of light trucks fell 33 percent to 37 billion yen after domestic demand slumped and a one-time gain a year earlier dropped out. The stock declined 23 yen, or 4 percent, to 546.

Keihan Electric Railway Co. (9045 JO): The rail and bus transportation company said preliminary first-half net income rose more than expected to about 4.18 billion yen, on lower administration costs and interest payments. The company had forecast 3.3 billion yen profit and earned 3.93 billion yen a year earlier. The stock dropped 13 yen, or 3 percent, to 417.

Kenedix Inc. (4321) : The real-estate investment provider's nine-month net income rose 81 percent to 13 billion yen, while revenue jumped to 124.4 billion yen from 19.1 billion yen a year earlier. The stock fell 4,000 yen, or 1.9 percent, to 203,000.

Nexus Co. (2799 JQ): The distributor of mobile communication devices will sell new shares to rival Hikari Tsushin Inc. (9435) as part of a business alliance to become the company's largest shareholder with a 29.49 percent stake. Nexus tumbled 1,060 yen, or 6.7 percent, to 14,840. Hikari slid 90 yen, or 3.1 percent, to 2,860.

Nippon Steel Corp. (5401 JT): The company and Posco (005490 KS) agreed to broaden business cooperation in Asia and may work together on steel production in Vietnam, Nikkei English News reported, without citing anyone. The stock fell 34 yen, or 5 percent, to 645.

Noritsu Koki Co. (7744 JO): The photo processor maker's first-half net income was about 2.27 billion yen, 8.5 percent above its 2.1 billion yen forecast, on better-than-expected sales and lower administration costs. The stock fell 45 yen, or 2.2 percent, to 2,040.

Obara Corp. (6877 JT): The welding machinery maker boosted its full-year net income forecast 8 percent to 3.85 billion yen, on higher sales expectations. The stock slipped 75 yen, or 3.7 percent, to 1,955.

Rohm Co. (6963 JO): The electronics component maker will spend as much as 15 billion yen to buy back 1.26 percent of its total outstanding shares. The stock fell 30 yen, or 0.3 percent, to 10,400.

TS Tech Co. (7313 JT): The car seat maker said Lear Corp. (LEA US), a Michigan-based auto-parts maker, filed a lawsuit in Texas federal district court against the Japanese company's U.S. subsidiaries claiming they infringed on a patent for an auto seat that helps reduce neck injuries in rear-end collisions. Lear sought unspecified damages and a court order barring TS from using the design. TS fell 40 yen, or 0.8 percent, to 5,000.

Ubiquitous Corp. (3858) : The network software products developer will start trading on the Jasdaq Securities Exchange. The initial offering price was 100,000 yen.

Yamato International Inc. (8127) : The apparel maker received approval from the Tokyo Stock Exchange to move to the market's first section from the second section on Nov. 19. The stock declined 21 yen, or 2.8 percent, to 741.

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

To contact the editor responsible for this story: Peter Langan at plangan@bloomberg.net.

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