Hino Motors, Mazda, Nissan, Sega Sammy, Takashimaya: Japan Equity Preview

The following companies may have unusual price changes in Japanese trading today. 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.

Banks: Japan’s six major banking groups may report combined net income of more than 1 trillion yen ($10.7 billion) for the year ended March 31, up from a 1.18 trillion yen loss recorded in fiscal 2008, Nikkei English News reported, without saying how it obtained the information.

Mitsubishi UFJ Financial Group Inc. (8306 JT) and Sumitomo Mitsui Financial Group Inc. (8316 JT) are expected to each report net income of about 300 billion yen, the report said. Mizuho Financial Group Inc.’s (8411 JT) profit may be about 200 billion yen, the report said. Mitsubishi UFJ Financial gained 1.6 percent to 517 yen. Sumitomo Mitsui rose 1.7 percent to 3,330 yen. Mizuho Financial climbed 1.1 percent to 190 yen.

Aderans Holdings Co. (8170 JT): Japan’s biggest wigmaker said its full-year net loss widened to 9.85 billion yen from 2.17 billion yen a year earlier. The company forecast a net 4.9 billion yen loss for this fiscal year. The shares gained 1.9 percent to 1,111 yen.

Asahi Glass Company Ltd. (5201 JT): The glassmaker and Tostem Corp., a unit of JS Group Corp. (5938 JT), have reached an agreement to develop windows for homes that integrate glass and sash, the two companies said in a joint statement. Asahi Glass climbed 0.7 percent to 1,086 yen. JS Group rose 1.3 percent to 1,920 yen.

A.D. Works Co. (3250 JQ): The real-estate company’s preliminary full-year net income was 220 million yen, 17 percent more than it had forecast. The shares gained 4.1 percent to 18,600 yen.

Azearth Corp. (3161 JQ): The retailer of protective clothing will start trading today, with shares priced at 470 yen each in an initial public offering.

Central Security Patrols Co. (9740 JT): The security- service company said full-year net income fell 30 percent to 750 million yen. The shares gained 0.5 percent to 887 yen.

Dentsu Inc. (4324 JT): Japan’s largest advertising company plans to set up a U.S. unit to develop entertainment content for toys and animated television shows, Nikkei English News said. The stock slipped 0.2 percent to 2,704 yen.

Hino Motors Ltd. (7205 JT): The automaker narrowed its full-year preliminary net loss to 3 billion yen, compared to its forecast of a 22.5 billion yen loss. The shares rose 5.2 percent to 407 yen.

Idemitsu Kosan Co. (5019 JT): The oil refiner reduced imports of Iranian crude oil by half to 10,000 barrels a day on slower fuel oil demand in the country, Chairman Akihiko Tembo said. The shares rose 1.2 percent to 7,670 yen.

JVC Kenwood Holdings Inc. (6632 JT): Softbank Corp. (9984 JT) agreed to acquire JVC Kenwood’s Victor Entertainment and Teichiku Entertainment music units, the Yomiuri newspaper reported. JVC rose 1.8 percent to 56 yen. Softbank increased 0.3 percent to 2,220 yen.

K’s Holdings Corp. (8282 JT): The electronics retailer may report a 60 percent increase in pretax profit to as much as 30 billion yen for the year that ended March 31, Nikkei English News reported. The shares climbed 1 percent to 2,453 yen.

Mazda Motor Corp. (7261 JT): The automaker will take back 54,641 of its Mazda3 passenger cars sold in China to fix defective oil hoses, according to a statement China’s quality inspection authorities. The shares climbed 0.8 percent to 265 yen.

Mitsubishi Materials Corp. (5711 JT): The non-ferrous metals maker may generate a group pretax profit of about 28 billion yen for the year ending March 2011 compared with a 15 billion yen loss estimate for last fiscal year, Nikkei English News reported. The stock rose 3.3 percent to 281 yen.

Nissan Motor Co. (7201 JT): A planned $3,000 car for the Indian market will increase profitability at Japan’s third- largest automaker as it takes advantage of its local partner’s low-cost production techniques, said Gilles Normand, Nissan’s corporate vice president in charge of Africa, the Middle East and India. The stock lost 0.4 percent to 813 yen.

Panasonic Corp. (6752 JT): The electronics company wants to generate 55 percent of its sales outside Japan in fiscal 2012, up from about 47 percent, by seeking middle-class customers in emerging markets, President Fumio Ohtsubo told the Nikkei newspaper. The stock gained 0.8 percent to 1,421 yen.

Saison Information Systems Co. (9640 JQ): The information system developer’s preliminary full-year net income was 997 million yen, 40 percent more than it expected. The company cited lower than estimated costs to relocate its data center. The shares slipped 0.2 percent to 674 yen.

Sega Sammy Holdings Inc. (6460 JT): The video-game manufacturer said preliminary full-year net income was 18 billion yen, 20 percent more than its forecast. The shares rose 2.8 percent to 1,201 yen.

Takashimaya Co. (8233 JT): The department-store chain said sales in March dropped 2.2 percent year on year. The stock rose 0.8 percent to 846 yen.

Tokyo Electron Ltd. (8035 JT): The electronic-component maker may report operating profit of about 60 billion yen for the year ending March 2011, the first annual profit in two years, Nikkei English News reported. The stock slipped 0.5 percent to 6,560 yen.

Tokyu Livable Inc. (8879 JT): The real-estate company said preliminary full-year net income was 1.74 billion yen, beating its forecast of 820 million yen. The shares dropped 2.1 percent to 885 yen.

To contact the reporter on this story: Anna Kitanaka in Tokyo at akitanaka@bloomberg.net

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