Aozora, Dentsu, Fujifilm, Honda, Sony, Toshiba: Japanese 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.

Aichi Steel Corp. (5482 JT): The specialty steelmaker’s net income for the year ended March 31 was 6.6 billion yen ($70.9 million), beating its forecast of 3.2 billion yen profit, according to a preliminary earnings statement. The company also said it will pay a yearend dividend of 6 yen. The stock fell 2.2 percent to 395 yen.

Alpine Electronics Inc. (6816 JT): The maker of car-audio equipment said in a preliminary earnings statement its full-year net loss narrowed to 1.3 billion yen from 9.29 billion yen a year earlier. The loss was smaller than the company’s forecast of 3 billion yen. The stock dropped 1.3 percent to 1,173 yen.

Aozora Bank Ltd. (8304 JT): A former employee of the bank was arrested on suspicion of insider trading, the Tokyo prosecutor said in an e-mailed statement. The stock advanced 1.5 percent to 135 yen.

Asahi Kasei Corp. (3407 JT): The chemicals company had 6.5 billion yen in full-year net income on a parent basis, 30 percent higher than a 5 billion yen profit forecast earlier. The stock slipped 0.8 percent to 517 yen.

Canon Marketing Japan Inc. (8060 JT): The company, which distributes all of Canon Inc.’s (7751 JT) products, booked 657 million yen in net income for the three months ended March 31, compared with a loss of 4.54 billion yen a year earlier. Canon Marketing gained 0.5 percent to 1,318 yen. Canon lost 0.7 percent to 4,230 yen.

Dentsu Inc. (4324 JT): Japan’s largest advertising company increased its planned yearend dividend to 14.5 yen from 12.5 yen. The stock was little changed at 2,615 yen.

Fujifilm Holdings Corp. (4901 JT): The film maker may turn to operating profit of about 120 billion yen for the year ending next March, Nikkei English News reported. The stock lost 0.3 percent to 3,215 yen.

Furukawa Electric Co. (5801 JT): The wire and cable producer had 8.5 billion yen in full-year net income, beating its forecast of a 4 billion yen profit, according to a preliminary earnings statement. It booked a loss of 37.4 billion yen a year earlier. The stock slipped 0.2 percent to 465 yen.

Furukawa-Sky Aluminum Corp. (5741 JT): The maker of aluminum products said in a preliminary earnings statement its net loss for the year ended March 31 narrowed more than expected to 750 million yen from 11.5 billion yen a year earlier. The company had earlier forecast a 4 billion yen loss. The stock advanced 2.2 percent to 230 yen.

Honda Motor Co. (7267 JT): The automaker’s operating profit probably jumped 90 percent to 360 billion yen for fiscal 2009, Nikkei English News said. The stock fell 1.9 percent to 3,180 yen.

Hyakugo Bank Ltd. (8368 JT): The regional bank booked 5.6 billion yen in full-year net income, 30 percent higher than its forecast, according to a preliminary earnings statement. The stock dropped 2.5 percent to 424 yen.

Hyakujushi Bank Ltd. (8386 JT): The regional bank had 5 billion yen in full-year net income, exceeding its forecast of a 3.2 billion yen profit, it said in a preliminary earnings statement. The stock fell 1.9 percent to 366 yen.

Jtekt Corp. (6473 JT): The autoparts maker’s net loss unexpectedly widened to 20 billion yen from a 12 billion yen loss a year earlier, citing business restructuring costs at its subsidiary, the company said in a preliminary earnings statement. It had earlier forecast a loss of 11 billion yen. The company also said it decided to pay a yearend dividend of 6 yen. The stock retreated 1.3 percent to 1,109 yen.

JX Holdings Inc. (5020 JT): JX units Nippon Mining Holdings and Nippon Oil probably had combined pretax profit of slightly more than 180 billion yen for the year ended March 31, Nikkei English News said. That compares with 342.8 billion yen loss a year earlier, the report said. JX slid 0.2 percent to 536 yen.

Kokuyo Co. (7984 JT): The stationary maker’s first-quarter net income jumped to 2.52 billion yen from 1.01 billion yen a year earlier. The stock retreated 1.3 percent to 784 yen.

Kuraray Co. (3405 JT): The fiber maker’s full-year net income totaled 16.3 billion yen, 16 percent higher than its forecast, it said in a preliminary earnings statement. The stock retreated 1.7 percent to 1,166 yen.

Minebea Co. (6479 JT): The ball-bearing maker’s full-year net income increased more than expected to 6.6 billion yen from 2.44 billion yen a year earlier, according to a preliminary earnings statement. The company had earlier projected a profit of 5.5 billion yen. The stock slipped 0.6 percent to 542 yen.

Mitsui Fudosan Co. (8801 JT): The property developer may post 55 billion yen net profit for the year ended March 31, about 5 billion yen higher than estimated, after a gain on the sale of shares in Oriental Land Co., Nikkei English News reported. The stock fell 0.6 percent to 1,611 yen.

Nippon Commercial Investment Corp. (3229 JT), United Urban Investment Corp. (8960 JT): The real-estate investment funds said they will merge. Nippon Commercial surged 9.5 percent to 146,500 yen. United Urban rallied 3.7 percent to 587,000 yen.

Nippon Synthetic Chemical Industry Co. (4201 JT): The chemical-products maker had 5.7 billion yen in full-year net income, up 14 percent from its forecast of a 5 billion yen profit, according to a preliminary earnings statement. The company raised the planned yearend dividend to 6 yen from 4 yen. It separately said it will spend 6 billion yen to boost output of LCD film material. The stock dipped 0.7 percent to 602 yen.

Nishimatsuya Chain Co. (7545 JT): The apparel retailer’s same-store sales declined 12.9 percent in April as the number of customers fell 9.8 percent. The stock slumped 1.2 percent to 1,038 yen.

Nitto Denko Corp. (6988 JT): The chemical maker’s fiscal 2009 operating profit probably quadrupled to about 55 billion yen, Nikkei English News reported. The stock slipped 1.2 percent to 3,675 yen.

Okinawa Cellular Telephone Co. (9436 JQ): The mobile-phone company forecast a 4.4 percent drop in full-year net income to 5.7 billion yen this fiscal year. The stock rose 0.5 percent to 185,000 yen.

Sapporo Hokuyo Holdings Inc. (8328 JT): The bank reported full-year net income of 31 billion yen in a preliminary earnings statement, higher than its forecast of a 19.5 billion yen profit. The stock lost 2.5 percent to 429 yen.

Shinsei Bank Ltd. (8303 JT) and Aozora Bank Ltd. (8304 JT): The lenders are in talks to from a debt-collection alliance, the Sankei newspaper reported. Shinsei was unchanged at 129 yen. Aozora rose l.5 percent to 135 yen.

So-net Entertainment Corp. (3789 JT): The Internet service unit of Sony Corp. (6758 JT) said it will take a charge of 2.39 billion yen from devalued goodwill. So-net lost 0.3 percent to 247,600 yen.

Sony Corp. (6758 JT): The electronic products maker will offer live Major League Baseball games through its PlayStation 3 game console, said Makiko Noda, a spokeswoman. The stock declined 2.1 percent to 3,250 yen.

Tachi-S Co. (7239 JT): The maker of seats for passenger cars and trucks plans to raise 1.75 billion yen by selling 1.8 million shares to Johnson Controls Inc.’s (JCI US) Japanese unit, according to a filing with Japan’s Finance Ministry. The stock gained 1.2 percent to 1,060 yen.

Tokai Tokyo Financial Holdings Inc. (8616 JT): The securities company reported full-year net income of 7.16 billion yen, up from 2.48 billion yen a year earlier, according to a preliminary earnings statement. The stock fell 2.2 percent to 360 yen.

Toshiba Corp. (6502 JT): The memory chipmaker said its net loss for the year ended March 31 was 20 billion yen, narrower than its earlier 50 billion yen loss forecast, citing lower procurement costs. The stock gained 0.8 percent to 531 yen.

USS Co. (4732 JT): The manager of used-car auctions said it will form a business alliance with Proto Corp. (4298 JQ). USS sank 1.2 percent to 6,410 yen. Proto slid 0.7 percent to 3,450 yen.

To contact the reporters on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net; Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

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