Daiwa, Canon, Dentsu, Diva, Fuji Heavy, Sharp, 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 as of the latest close. The information in each item was released after markets shut, unless stated otherwise.

Asics Corp. (7936 JT): The sporting goods maker expects net income will increase 38 percent to 11.5 billion yen ($125 million) this fiscal year as sales recover. Asics said full-year net income fell 36 percent to 8.33 billion yen as revenue declined. The stock dropped 3.9 percent to 773 yen.

Canon Inc. (7751 JT): The camera maker’s Canon U.S.A. Inc. said it bought Tereck Office Solutions Inc., based in Durham, North Carolina. Terms weren’t disclosed. Canon fell 1.7 percent to 3,975 yen.

Daiwa Securities Group Inc. (8601 JT): Japan’s second- largest brokerage said it plans to double revenue this fiscal year from Asia to more than 30 billion yen. Daiwa also intends to raise more than 70 billion yen in capital for expansion in the region, the Tokyo-based company said in a presentation to analysts. The stock rose 0.5 percent to 428 yen.

Dentsu Inc. (4324 JT): Japan’s largest advertising company said full-year operating profit fell 14 percent to 37.3 billion yen on an 11 percent drop in sales. It forecast operating profit will rise 6.4 percent to 39.7 billion yen this fiscal year. The stock slid 1.2 percent to 2,454 yen.

DIC Corp. (4631 JT): The ink and pigment maker plans to raise as much as 21.5 billion yen in a public share sale at home and overseas, according to filings with the nation’s Finance Ministry. The stock fell 1.6 percent to 185 yen.

Diva Corp. (3836 JX): The computer application developer will conduct a 200-for-1 stock split. The stock slipped 1.4 percent to 190,000 yen.

Ferrotec Corp. (6890 JQ): The electronic-components maker said in a preliminary earnings statement that full-year net income amounted to 156 million yen, 56 percent above its profit forecast, citing a foreign-exchange gain. The stock tumbled 7.3 percent to 993 yen.

Fuji Heavy Industries Ltd. (7270 JT): The company’s Subaru carmaking division is recalling 29,443 Outback and Legacy model automobiles because of the possibility of a crack or split in a CVT hose, causing a leak. The recall was disclosed on the National Highway Traffic Safety Administration website. Fuji Heavy fell 1.3 percent to 530 yen.

Medical System Network Co. (4350 JT): The drugstore operator will raise as much as 767.7 million yen from a sale of new and existing shares to the public. Medical System also said the Tokyo Stock Exchange approved it to move its shares to the market’s first section as of June 8. The company will pay a commemorative dividend of 3 yen, boosting its planned full-year dividend to 18 yen from 15 yen. The stock slid 2.3 percent to 725 yen.

Mitsubishi Electric Corp. (6503 JT): The maker of consumer electronics and factory machinery plans to invest 7 billion yen by March 2012 on facilities that test smart-grid technologies, the company said in a statement. The stock lost 3.1 percent to 760 yen.

Nichii Gakkan Co. (9792 JT): The hospital administration provider expects an 11 percent advance in net income to 3.5 billion yen this fiscal year. The stock rose 0.5 percent to 879 yen.

Nissin Healthcare Food Service Co. (4315 JQ): The catering company forecast net income will fall 22 percent to 6.3 billion yen this fiscal year. Profit in the previous year doubled to 8.02 billion yen. The stock lost 1.6 percent to 1,105 yen.

Oncotherapy Science Inc. (4564 JT): The pharmaceutical researcher’s full-year net income more than tripled to 510 million yen as sales surged by 58 percent. It forecast profit will rise 4.9 percent this fiscal year. The stock slumped 5.3 percent to 172,600 yen.

Sharp Corp. (6753 JT): The electronics maker expects Sony Corp. (6758 JT) will increase its stake in an LCD panel joint venture, Nikkei English News said, citing an interview with President Mikio Katayama. Sony has agreed to raise its stake in the venture to as high as 34 percent by March 2011 from 7 percent, the report said. Sharp slid 1 percent to 1,079 yen.

Shidax Corp. (4837 JQ): The catering and restaurant operator said in a preliminary earnings statement full-year operating profit was 7.05 billion yen, short of its outlook by 22 percent, with less-than-expected sales. Net income totaled 881 million yen, 26 percent above its profit outlook. The stock was unchanged at 333 yen.

Sony Corp. (6758 JT): The maker of audio and video-game consoles expects European sales will grow almost 10 percent in the year ending March 31, Nikkei English News said, citing an interview with Chief Financial Officer Nobuyuki Oneda. Sony sank 4.5 percent to 2,817 yen.

Toa Corp. (1885 JT): The general contractor expects a 27 percent drop in net income to 900 million yen this fiscal year on falling sales. Profit in the year ended March 31 advanced 15 percent to 1.23 billion yen. The stock lost 3.6 percent to 106 yen.

Zeria Pharmaceutical Co. (4559 JT): The drugmaker forecast net income will rise 50 percent to 1.5 billion yen this fiscal year. It posted a 17 percent drop in profit to 1 billion yen in the year ended March 31. The stock sank 1.5 percent to 911 yen.

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

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