Canon, GS Yuasa, Hitachi, IHI, Kao, Yamada Denki: 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 closed, unless stated otherwise.

All Nippon Airways Co. (9202 JT): The carrier may eliminate five unprofitable domestic flights, Nikkei English News reported. The stock lost 1 percent to 296 yen.

Canon Inc. (7751 JT): The world’s largest camera maker raised its full-year net income forecast for the year ending Dec. 31 by 20 percent to 240 billion yen ($2.55 billion). The stock rose 3.5 percent to 4,395 yen.

Chuo Mitsui Trust & Banking Co. (8309 JT): The lender said in a preliminary earnings statement its full-year net income was 46 billion yen, 53 percent more than forecast. The stock rose 2.2 percent to 372 yen.

Daikin Industries Ltd. (6367 JT): The air-conditioner maker’s group operating profit may rise 59 percent to 65 billion yen for the year ending March 2011 from the fiscal 2009 estimate on rising overseas demand for air conditioners and heaters, Nikkei English News reported. The stock climbed 2.7 percent to 3,760 yen.

Fuji Heavy Industries Ltd. (7270 JT): The automaker said in a preliminary earnings statement its full-year net loss was 17 billion yen, compared with its 25 billion yen net loss forecast. The stock gained 2.2 percent to 507 yen.

Fujikura Ltd. (5803 JT): The electric-cable maker said in a preliminary earnings statement its full-year net income was 2.5 billion yen, 58 percent less than forecast. The stock increased 1 percent to 518 yen.

GS Yuasa Corp. (6674 JT): The battery maker said in a preliminary earnings statement its full-year net income was 6.5 billion yen, 86 percent more than forecast. The company raised its planned year-end dividend to 6 yen a share from 5 yen. The stock lost 0.2 percent to 666 yen.

Hitachi Ltd. (6501 JT): The electronic-equipment maker said in a preliminary earnings statement its full-year loss was 110 billion yen, compared with the deficit of 210 billion yen the company projected. The stock gained 2.3 percent to 405 yen.

Hitachi Construction Machinery Co. (6305 JT): The excavator maker expects a 7 billion yen net income for the current fiscal year. The company said profit for the year ended March 31 fell 78 percent to 4.02 billion yen from a year earlier. The stock jumped 4.2 percent to 2,137 yen.

Hitachi High-Technologies Corp. (8036 JT): The trading company expects net income of 10.6 billion yen for the current fiscal year. The company said its net loss for the year ended March 31 was 2.83 billion yen, compared with 7.08 billion yen profit a year earlier. The company raised its planned year-end dividend to 15 yen a share from 10 yen. The stock slid 1.5 percent to 2,181 yen.

Hitachi Koki Co. (6581 JT): The maker of electric tools and equipment expects net income of 6 billion yen for the current fiscal year. The company said net income for the year ended March 31 fell 34 percent to 3.33 billion yen from a year earlier. The stock advanced 3.4 percent to 1,018 yen.

IHI Corp. (7013 JT): Japan’s second-largest maker of heavy machinery said in a preliminary earnings statement its full-year net income was 17 billion yen, compared with its forecast of 7 billion yen. The company said it has agreed to set up a nuclear power equipment venture with Toshiba Corp. (6502 JT) in October. IHI jumped 6.8 percent to 172 yen. Toshiba climbed 2.4 percent to 545 yen.

Kabu.com Securities Co. (8703 JT): The online brokerage’s full-year net income was 3.09 billion yen, 15 percent less than a year earlier. The stock rose 2.8 percent to 484 yen.

Kagome Co. (2811 JT): The ketchup maker expects a 34 percent increase in net income to 4 billion yen for the current fiscal year. Profit for the previous fiscal year rose 49 percent to 2.98 billion yen from a year earlier. The stock advanced 1 percent to 1,591 yen.

Kao Corp. (4452 JT): Japan’s biggest maker of household products expects a 23 percent increase in net income to 50 billion yen for the current fiscal year. Profit for the previous fiscal year fell 37 percent to 40.5 billion yen from a year earlier. The stock rose 2.2 percent to 2,333 yen.

Kikkoman Corp. (2801 JT): The soy-sauce maker expects net income of 10 billion yen for the current fiscal year. Profit for the previous fiscal year was 8.6 billion yen, compared with 2.75 billion yen a year earlier. The stock gained 0.8 percent to 1,073 yen.

Koito Industries Ltd. (6747 JT): The Japanese plane-seat maker forecast a second straight annual loss and compensation costs of at least 6.9 billion yen after admitting that it faked safety-test data. The stock fell 1 percent to 200 yen.

Konica Minolta Holdings Inc. (4902 JT): The maker of film used in liquid-crystal displays said in a preliminary earnings statement its full-year net income was 16.9 billion yen, 69 percent more than forecast. The stock advanced 4.6 percent to 1,168 yen.

Kose Corp. (4922 JT): The cosmetics maker said in a preliminary earnings statement its full-year net income was 5.1 billion yen, 46 percent more than forecast. The stock increased 1.6 percent to 2,208 yen.

Matsui Securities Co. (8628 JT): The online brokerage said full-year net income rose 11 percent to 7.67 billion yen from a year earlier. The stock gained 3.1 percent to 723 yen.

Mitsubishi Logistics Corp. (9301 JT): The warehousing company may report an operating profit of 10.3 billion yen for the year that ended last month, more than its 10 billion yen forecast, Nikkei English News reported. The stock rose 2.7 percent to 1,185 yen.

Mitsui Engineering & Shipbuilding Co. (7003 JT): Japan’s largest maker of ship engines raised its planned year-end dividend to 5 yen a share from 4 yen. The stock gained 3.4 percent to 245 yen.

Nidec Corp. (6594 JO): The maker of electrical motors expects a 21 percent increase in net income to 63 billion yen for the current fiscal year. Profit from the previous fiscal year rose 83 percent to 52 billion yen from a year earlier. The company raised its planned year-end dividend to 65 yen a share from 60 yen. The stock rose 2.8 percent to 9,850 yen.

Nidec Servo Corp. (6585 JT): Nidec Corp. will make the electronics manufacturer a wholly owned unit, according to a filing with Japan’s Ministry of Finance. Nidec Servo gained 3.3 percent to 595 yen.

Nissan Motor Co. (7201 JT): The automaker said it has signed a memorandum of understanding to research new technologies with General Electric Co. (G US). Nissan increased 2.9 percent to 815 yen.

NSK Ltd. (6471 JT): The bearing maker may report a 35 billion yen group operating profit for the year ending next March, Nikkei English News reported. The stock climbed 2.3 percent to 724 yen.

Sanyo Electric Co. (6764 JT): The appliances maker plans to sell its semiconductor and motor operations, Kyodo News reported. The stock was unchanged at 150 yen.

Shimadzu Corp.?(7701 JT): The maker of measuring instruments and precision tools said in a preliminary earnings statement its full-year net income was 6.1 billion yen, 36 percent more than forecast. The stock advanced 2 percent to 777 yen.

Shimano Inc. (7309 JO): The maker of bicycle equipment and fishing gear said first-quarter net income fell 7.8 percent to 5.07 billion yen from a year earlier. Operating profit rose 41 percent to 7.25 billion yen. The stock advanced 1.4 percent to 4,010 yen.

Softbank Corp. (9984 JT): The wireless carrier will use China Mobile Communications Corp.’s supported technology in its new personal handyphone system communications service, Nikkei English News reported. The stock jumped 4 percent to 2,189 yen.

Sojitz Corp. (2768 JT): The Japanese trading company said it agreed to supply 30 gas turbines from Kawasaki Heavy Industries Ltd. (7012 JT) to Russia’s Far Eastern Center for Strategic Research on Fuel and Energy Complex Development. Sojitz gained 1.2 percent to 176 yen. Kawasaki Heavy increased 1.4 percent to 290 yen.

Taiyo Nippon Sanso Corp. (4091 JT): The industrial-gas producer said in a preliminary earnings statement its full-year net income was 15.7 billion yen, 18 percent higher than forecast. The stock rose 2.1 percent to 847 yen.

Tokai Rubber Industries Ltd. (5191 JT): The resin products maker said in a preliminary earnings statement its full-year net income was 3.5 billion yen, compared with its 1.5 billion yen forecast. The stock gained 1.4 percent to 1,123 yen.

Toshiba Corp. (6502 JT): The chipmaker plans to accelerate its efforts to market train equipment overseas as demand slows in Japan, Nikkei English News reported. The stock advanced 2.4 percent to 545 yen.

Toyota Motor Corp. (7203 JT): The automaker may accept price increases sought by steelmakers, Nikkei English News reported, citing comments by a Toyota executive it didn’t identify. The stock rose 3.4 percent to 3,690 yen.

Yamada Denki Co. (9831 JT): The electronics retailer said in a preliminary earnings statement its full-year net income was 55.8 billion yen, 29 percent more than forecast. The company also raised its planned year-end dividend to 40 yen a share from 33 yen. The stock climbed 0.3 percent to 6,630 yen.

To contact the reporter on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net.

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