Acom, Disco, Haseko, Konica Minolta, Rakuten, Sony: 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.

Acom Co. (8572 JT): The consumer lender agreed to acquire a loan-guarantee business of Mitsubishi UFJ Nicos, a Mitsubishi UFJ Financial Group Inc. credit-card unit, Acom said. Acom also reported a full-year net loss of 7.24 billion yen, compared with a 13.7 billion yen profit a year earlier. The lender expects a profit of 26.2 billion yen this year. Acom’s stock gained 1.9 percent to 1,315 yen.

Disco Corp. (6146 JT): The maker of abrasives and precision machinery expects full-year net income of 8.4 billion yen compared with a 2.47 billion yen profit last year, the company said. The stock rose 4.1 percent to 6,380 yen.

Fumakilla Ltd. (4998 JT): The pesticide maker, plans to sell 3.58 million new shares to S.T. Corp. It will use the proceeds to expand a plant in Hiroshima and for research, the company said. The stock jumped 6.8 percent to 470 yen.

Haseko Corp. (1808 JT): The general contractor forecast full-year net income of 10 billion yen this year, compared with a 5.81 billion yen profit a year earlier. The stock increased 3.2 percent to 97 yen.

Hirose Electric Co. (6806 JT): The electronic-equipment maker expects an increase in full-year net income to 16 billion yen from a year earlier, the company said. The shares climbed 0.8 percent to 9,440 yen.

JVC Kenwood Holdings Inc. (6632 JT): The audio-equipment maker will cut 1,000 jobs, or 20 percent of its workforce, by the end of October, the Yomiuri newspaper reported. The stock rose 2.2 percent to 47 yen.

Konica Minolta Holdings Inc. (4902 JT): The maker of film used in liquid-crystal displays forecast full-year net income of 20 billion yen, compared with a 16.9 billion yen profit the previous year. The stock advanced 2 percent to 1,113 yen.

Nippon Television Network Corp. (9404 JT): The Tokyo-based commercial television broadcaster reported full-year net income of 16.6 billion yen, compared with a 5.62 billion yen profit a year earlier. The shares were unchanged at 13,490 yen.

Nissan Motor Co. (7201 JT): Japan’s third-largest automaker may separate its forklift operations and create a wholly owned subsidiary by the end of this fiscal year, the company said. The stock slipped 1.3 percent to 735 yen.

NTN Corp. (6472 JT): The machinery-parts maker expects to turn to a full-year profit of 9.5 billion yen this year, compared with a loss of 2.01 billion yen a year earlier. The stock rose 2.6 percent to 398 yen.

Pioneer Corp. (6773 JT): The maker of car-navigation and audio equipment expects to turn to a full-year profit of 11 billion yen this year. The company said its full-year net loss for the year ended March 31 was 58.3 billion yen, compared with a 130.5 billion yen loss a year earlier. The stock gained 5.1 percent to 332 yen.

Rakuten Inc. (4755 JQ): The operator of retail websites reported first-quarter net income of 6.82 billion yen, 73 percent less than a year earlier. The shares climbed 2.1 percent to 71,600 yen.

Renown Inc. (3606 JT): The apparel maker’s largest shareholder Neoline Holdings (NOLHDZ JP) plans to oppose the Japan clothing company’s proposal to re-elect five executives, including President Minoru Kitabatake, to the board, Nikkei English News said. Renown rose 1.3 percent to 161 yen.

Sharp Corp. (6753 JT): The electronics maker will start outupt of LED backlights for its LCD televisions this year with an investment of 15 billion yen, Nikkei English News reported. The stock rose 1.3 percent to 1,125 yen.

Sony Corp. (6758 JT): The electronic products maker forecast net income of 50 billion yen in the year ending March 2011, compared with a loss of 40.8 billion yen a year earlier. That compares with the 110 billion yen average of 19 analyst estimates compiled by Bloomberg. The stock increased 4.1 percent to 3,165 yen.

Taiyo Yuden Co. (6976 JT): The electronic-component maker expects to turn to a full-year profit of 7 billion yen this year. It reported a net loss of 680 million yen for the previous year. The stock advanced 3.8 percent to 1,324 yen.

Takefuji Corp. (8564 JT): The consumer lender turned to a full-year profit of 4.58 billion yen compared with a loss of 256.1 billion yen a year earlier, the company said. The shares climbed 0.9 percent to 339 yen.

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

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