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Astellas, Daikin, Elpida, Inpex, Nissan, Takeda: Japanese 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 otherwise stated.

Alps Electric Co. (6770 JT): The maker of auto electronics said it expects net income to jump to 14 billion yen ($151 million) this fiscal year. The company earned 570 million yen in the year ended March 31. The stock slid 1.6 percent to 623 yen.

Asatsu-DK Inc. (9747 JT): Japan’s third-biggest advertising agency said first-quarter net income more than doubled to 243 million yen from 99 million yen a year earlier, buoyed by gains from affiliates. The stock sank 1.7 percent to 2,337 yen.

Astellas Pharma Inc. (4503 JT): Japan’s second-biggest drugmaker said it expects net income to drop 13 percent to 107 billion yen this fiscal year. Also, the company said it will retire 1.68 percent of its outstanding shares on May 31. The stock rose 0.6 percent to 3,210 yen.

Daikin Industries Ltd. (6367 JT): The air-conditioner maker forecast net income will jump 91 percent to 37 billion yen this fiscal year as sales grow. Full-year profit fell 11 percent. Also, Daikin will seek shareholders’ approval to spend up to 1.8 billion yen for a stock buyback. Daikin fell 0.8 percent to 3,235 yen.

Elpida Memory Inc. (6665 JT): The world’s third-biggest maker of computer memory plans capital expenditure of 115 billion yen in the 12 months ending March 31, 2011. Elpida also turned to full-year net income of 3.09 billion yen, as sales surged sales. Also, Elpida President Yukio Sakamoto said prices for dynamic random access memory are unlikely to decline much this year. The stock advanced 2.5 percent to 1,854 yen.

GS Yuasa Corp. (6674 JT): The battery maker expects a 23 percent gain in net income to 8 billion yen this fiscal year as sales recover. Operating profit in the previous year fell 19 percent to 11.5 billion yen. The stock rose 0.6 percent to 631 yen.

Information Services International-Dentsu Ltd. (4812 JT): The business consulting unit of Dentsu Inc. (4324 JT) will offer early retirement to about 100 workers. Separately, the company said it swung to a full-year net loss of 137 million yen as sales fell. Information Services gained 1.3 percent to 694 yen. Dentsu dropped 2.7 percent to 2,450 yen.

Inpex Corp. (1605 JT): Japan’s largest energy explorer forecast lower net income of 102 billion yen this fiscal year as it expects exploration costs to rise. Profit in the previous year fell to 107.2 billion yen, 7.2 percent above the company’s forecast. Also, Inpex will delay a final investment decision on its proposed $20 billion liquefied natural gas project in Australia, company Director Masahiro Murayama told reporters in Tokyo. The stock lost 0.2 percent to 647,000 yen.

Kintetsu Corp. (9041 JT): The rail operator forecast full- year net income will about triple to 11 billion yen this fiscal year. Profit in the previous year plunged 76 percent. The stock rose 0.7 percent to 289 yen.

Marubeni Corp. (8002 JT): The trading house will boost its stake in Hsin Tao Power Corp., a Taiwanese power-plant operator, to about 83 percent as early as this week, Nikkei English News said. The Japanese company will acquire the 62 percent stake held by Evergreen Group for about 30 billion yen, the report said. Marubeni rallied 3.4 percent to 546 yen.

Mitsubishi Materials Corp. (5711 JT): The non-ferrous metals maker swung to a full-year net loss of 66.6 billion yen as sales fell. It expects to turn to a profit of 5 billion yen this fiscal year when, it says, sales will rebound. The stock was unchanged at 268 yen.

Mitsubishi Tanabe Pharma Corp. (4508 JT): The drugmaker posted a 14 percent advance in full-year net income to 30.3 billion yen. It expects profit will fall 11 percent to 27 billion yen this fiscal year. The stock climbed 0.8 percent to 1,223 yen.

NGK Insulators Ltd. (5333 JT): The maker of electrical insulators and industrial ceramic products said full-year net income dropped 27 percent to 17.8 billion yen. It expects a 40 percent jump in profit to 25 billion yen this fiscal year as sales recover. The stock rallied 2.1 percent to 1,762 yen.

Nissan Motor Co. (7201 JT): Japan’s third-largest automaker forecast net income will more than triple to 150 billion yen this fiscal year from 42.4 billion yen a year earlier as auto demand increases in North America and sales grow in China. The stock gained 1.1 percent to 745 yen.

Oji Paper Co. (3861 JT): The papermaker’s operating profit may fall 5 percent in the current fiscal year ending next March because of rising fuel and material costs, Nikkei English News reported. The stock lost 0.7 percent to 428 yen.

Panasonic Corp. (6752 JT): The electronics maker will start making solar cells at its plasma-panel plant in Hyogo, western Japan, by the end of fiscal 2012, the Mainichi newspaper reported, citing an interview with President Fumio Ohtsubo. The company will produce the cells using Sanyo Electric Co.’s (6764 JT) solar technology, the report said. Panasonic slid 0.2 percent to 1,252 yen. Sanyo fell 2.1 percent to 139 yen.

Sankyo Co. (6417 JT): The maker of pachinko machines said full-year net income advanced 30 percent to 36.2 billion yen as sales rose. It forecast profit will fall 20 percent to 29 billion yen this fiscal year as sales drop. The stock rose 1.4 percent to 4,220 yen.

Sojitz Corp. (2768 JT): The trading company will invest 10 billion yen in the U.S. to enter the solar-power-generation business, Nikkei English News reported. The stock fell 0.6 percent to 160 yen.

Suzuki Motor Corp. (7269 JT): The automaker is considering selling plug-in hybrid vehicles, the Yomiuri newspaper reported. The company may buy lithium-ion batteries for the vehicles from Sanyo Electric Co. (6764 JT), the newspaper said. Suzuki rose 0.9 percent to 1,895 yen.

Takeda Pharmaceutical Co. (4502 JT): Japan’s largest drugmaker forecast net income will fall by a third in the next three years as generic copies of its biggest drug, the Actos diabetes pill, erode earnings. Also, the company said full-year net income advanced 27 percent to 297.7 billion yen. Takeda will trim about 10 percent of its workforce, mostly in the U.S., this fiscal year, the company said in presentation materials at a briefing in Tokyo. The stock rose 0.3 percent to 3,990 yen.

Tokyo Electron Ltd. (8035 JT): The world’s second-largest maker of semiconductor equipment swung to a full-year net loss of 9.03 billion yen as sales fell. It expects to turn to profit of 55 billion yen this year on sales growth. The stock was unchanged at 5,680 yen.

Toppan Printing Co. (7911 JT): The printing company expects a 71 percent jump in net income to 20 billion yen this fiscal year. The stock lost 1 percent to 816 yen.

Toshiba Corp. (6502 JT): The electronics maker will increase its workforce at three software development centers in China, Vietnam and India by 70 percent to 1,000 by 2015, Nikkei English News said. The stock advanced 0.8 percent to 499 yen.

Tsuken Corp. (1940 JT), Comsys Holdings Corp. (1721 JT): Comsys Holdings will pay 0.4 of a share for each share of Tsuken in an acquisition effective Oct. 1, the companies said in a joint statement. Tsuken rose 0.9 percent to 349 yen. Comsys lost 0.4 percent to 841 yen.

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

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