Asahi Glass, Citizen, Hitachi, Inpex, Kubota, Toyota: Equity Preview

The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut, unless stated otherwise.

Alfresa Holdings Corp. (2784 JT): The drug wholesaler forecast net income will rise 34 percent to 14.1 billion yen ($152 million) this fiscal year, with growing sales. The stock dropped 2 percent to 4,370 yen.

Asahi Glass Co. (5201 JT): The glassmaker raised its full- year net income forecast by 22 percent to 110 billion yen, citing higher demand for glass used in flat panel displays and automobiles. The stock retreated 1.1 percent to 1,045 yen.

Citizen Holdings Co. (7762 JT): The watchmaker said it expects an 84 percent jump in net income to 6.5 billion yen this fiscal year, with rising sales. The stock slid 1.5 percent to 607 yen.

Daibiru Corp. (8806 JO): The office-building leasing company plans to invest 115 billion yen over three years, according to a mid-term management plan. The stock rose 0.8 percent to 862 yen.

Hitachi Ltd. (6501 JT): The world’s third-largest maker of hard-disk drives forecast its first annual profit in five years after exiting its plasma-screen business and other money-losing operations. Net income may be 130 billion yen in the 12 months to March 2011, after a loss of 107 billion yen the previous year, the company said in a statement. The stock lost 3.3 percent to 382 yen.

Inpex Corp. (1605 JT): The oil explorer and other Japanese companies are in talks with a Kazakh state-run oil company about a project on the Caspian Sea coast to transport oil, Nikkei English News reported. Inpex sank 2.3 percent to 648,000 yen.

Isuzu Motors Ltd. (7202 JT): Japan’s largest maker of light-duty trucks forecast net income will more than double to 20 billion yen this fiscal year, with sales growth. It earned 8.4 billion yen in the year to March 31. Operating profit fell 49 percent to 11 billion yen, Isuzu said in a release. The stock rose 0.7 percent to 284 yen.

Kubota Corp. (6326 JT): Asia’s largest tractor maker said full-year operating profit fell 32 percent to 69.7 billion yen, with falling sales. It expects operating profit to rise 29 percent this fiscal year. The stock dropped 2.5 percent to 769 yen.

NHK Spring Co. (5991 JT): The autoparts maker expects a 65 percent gain in net income to 17 billion yen this fiscal year, as sales grow. The stock rose 0.7 percent to 875 yen.

Nikon Corp. (7731 JT): The second-biggest maker of cameras used by professionals expects to return to net income of 30 billion yen this fiscal year, with a sales recovery. Nikon swung to a loss of 12.6 billion yen in the year ended March 31, with an 11 percent drop in sales. The stock slumped 4 percent to 1,956 yen.

NSK Ltd. (6471 JT): The bearing maker forecast net income will more than quadruple to 21 billion yen this fiscal year. Full-year operating profit plunged 49 percent, with falling sales. The stock was unchanged at 682 yen.

NTT Data Corp. (9613 JT): The network-services company said full-year net income fell 26 percent to 35.7 billion yen. It expects profit to rise 32 percent to 47 billion yen this fiscal year. The stock slid 2.9 percent to 323,000 yen.

Olympus Corp. (7733 JT): The endoscope maker forecast net income will fall 56 percent to 21 billion yen this fiscal year. The company said it turned to profit of 47.8 billion yen in the year ended March 31, buoyed by lower costs and gains from sale of analytical equipment operations. The stock sank 4.4 percent to 2,620 yen.

Orient Corp. (8585 JT): Mizuho Financial Group Inc. (8411 JT) may increase its stake in the consumer-credit company to 27 percent from 5 percent, Nikkei English News said. Orient was unchanged at 82 yen.

Panasonic Corp. (6752 JT): The electronics maker plans to use cloud-computing technologies at its plants later this year to reduce costs and help expand overseas, Nikkei English News reported. The stock slid 2.5 percent to 1,255 yen.

     Sankyo-Tateyama Holdings Inc. (3432 JT): The aluminum-mesh maker plans to sell 10.52 million existing shares to Sumitomo Chemical Co. (4005 JT), Hanwa Co. (8078 JT) and two other companies to raise about 1.25 billion yen, according to a filing with Japan’s Finance Ministry. Sankyo-Tateyama fell 3 percent to 128 yen. Sumitomo Chemical lost 3.1 percent to 406 yen. Hanwa rose 1.3 percent to 387 yen.

Shimadzu Corp.?(7701 JT): The maker of measuring instruments and precision tools said full-year net income dropped 28 percent to 6.13 billion yen, with a drop in sales. It expects a 31 percent gain in profit to 8 billion yen this fiscal year. The stock fell 1.7 percent to 733 yen.

Sumitomo Metal Mining Co. (5713 JT): Japan’s largest nickel producer expects net income to gain 24 percent to 67 billion yen this fiscal year. The company also said it plans to invest 75.8 billion yen in fiscal 2010, a 34 percent increase from the previous year. The stock slid 2.7 percent to 1,323 yen.

Takefuji Corp. (8564 JT): The consumer lender posted a full-year net income that was 65 percent lower than the company’s own forecast. Takefuji turned to profit of 4.58 billion yen in the 12 months ended March 31, the lender said in a preliminary earnings statement. It had forecast 13 billion yen profit. The stock tumbled 6.4 percent to 335 yen.

Temp Holdings Co. (2181 JT): The human-resource company said it will acquire a 4.8 percent stake in Kelly Services Inc. (KELYA US), a Michigan-based provider of temporary workers. Temp slid 0.9 percent to 786 yen.

Tokyo Broadcasting System Holdings Inc. (9401 JT): The broadcaster said in a preliminary earnings statement full-year net loss was 2.3 billion yen, narrower than its 3.2 billion yen loss outlook, citing more-than-expected revenue from TV broadcasting. The stock rose 1.3 percent to 1,518 yen.

Tokyu Land Corp. (8815 JT): The developer forecast net income will fall 84 percent to 2 billion yen for the first-half period, while it expects profit to rise 4 percent to 11.5 billion yen for the full fiscal year. The stock declined 4 percent to 356 yen.

Toyota Motor Corp. (7203 JT): The world’s largest carmaker forecast net income will rise 48 percent to 310 billion yen this fiscal year as auto demand recovers in North America, its largest market. Separately, the Mainichi newspaper reported Toyota Motor will reduce its annual domestic production capacity by 20 percent to 3.2 million vehicles in 2015. The stock slipped 0.7 percent to 3,495 yen.

Trend Micro Inc. (4704 JT): The world’s third-biggest maker of security software said first-quarter net income dropped 27 percent to 3.53 billion yen, dragged down by higher marketing costs. The stock fell 0.8 percent to 3,100 yen.

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

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