JVC Kenwood, Mitsubishi Materials, OSG, Zojirushi: 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 stated otherwise.

Advance Residence Investment Corp. (3269 JT): The real- estate-investment trust will sell new shares to the public for 113,684 yen each ($1,249), according to a filing with Japan’s finance ministry. The stock rose 0.1 percent to 117,200 yen.

Advantest Corp. (6857 JT): The chip-testing equipment maker may report more than 30 billion yen in orders in the quarter ending in June because of DRAM tester sales and factories operating at full capacity, Nikkei English News reported, citing President Haruo Matsuno. The stock jumped 5.1 percent to 2,099 yen.

All Nippon Airways Co. (9202 JT): The carrier confirmed plans to order 15 MRJ 90 planes from Mitsubishi Aircraft Corp., it said in a statement. The planes are worth a total of about 69.2 billion yen at list prices, the airline said. All Nippon rose 0.7 percent to 296 yen.

Arc Land Sakamoto Co. (9842 JT): The home-center operator said first-quarter net income advanced 18 percent to 982 million yen. The stock rose 1.3 percent to 1,295 yen.

Asahi Co. (3333 JT): The bicycle retailer said first- quarter net income rose 5.6 percent to 874 million yen on a 7.2 percent advance in sales. The stock climbed 0.4 percent to 1,296 yen.

Crescendo Investment Corp. (8966 JT), Japan Single- Residence REIT Inc. (8970 JT): Crescendo will buy Japan Single- Residence in a stock transaction. Crescendo surged 10 percent to 155,600 yen. Japan Single-Residence rose 1.7 percent to 98,700 yen.

Daicel Chemical Industries Ltd. (4202 JT): The chemical maker may see its interest-bearing liabilities as of March 31, 2011, drop below 100 billion yen for the first time in six years, Nikkei English News reported. Daicel held 115.8 billion yen in group interest-bearing liabilities one year ago, Nikkei reported. The stock rose 1.7 percent to 674 yen.

Fancl Corp. (4921 JT): The maker of cosmetics and nutritional supplements said May sales dropped 7 percent to 7.42 billion yen. The stock increased 0.6 percent to 1,201 yen.

JVC Kenwood Holdings Inc. (6632 JT): Japan’s Securities and Exchange Surveillance Commission recommended the government impose fines on JVC Kenwood and its Victor unit for falsifying financial statements. JVC Kenwood rose 2.6 percent to 40 yen.

Maxvalu Nishinihon Co. (8287 JO): The supermarket chain said first-quarter net income declined 48 percent to 323 million yen, citing slumping same-stores sales due to lower customer traffic and increased costs. The stock advanced 0.8 percent to 1,225 yen.

Mitsubishi Materials Corp. (5711 JT): Japan’s third-largest copper producer will restart a polysilicon plant in Yokkaichi, central Japan, in late August after improving facilities in compliance with safety regulations. The stock gained 3.6 percent to 260 yen.

Nihon Inter Electronics Corp. (6974 JT): The maker of semiconductor devices said it has doubts about its viability, as its liabilities exceeded assets by 4.74 billion yen at the end of March. The Tokyo Stock Exchange will move the company’s shares to the bourse’s second section from the first section as of Aug. 1, Nihon Inter separately said in a release. The stock leapt 3.6 percent to 172 yen.

Nippon Steel Corp. (5401 JT): Japan’s largest steelmaker and its two utility partners will spend about 80 billion yen on power plants in Japan to save energy costs. The stock gained 2.9 percent to 321 yen.

Nisshin Fudosan Co. (8881 JT): The real-estate company raised its full-year net income forecast by 51 percent to 2.87 billion yen on higher-than-expected sales and gains related to an investment in Tada Corp. (1843 JP), which is under a court- led rehabilitation. Nisshin Fudosan Nisshin lost 1.6 percent to 686 yen.

OSG Corp. (6136 JT): The machine-tool maker nearly tripled its full-year net income outlook to 3.3 billion yen from 1.2 billion yen and increased its planned full-year dividend to 10 yen a share from 4 yen. The stock advanced 2.9 percent to 1,067 yen.

Sakura Internet Inc. (3778 JT): The Internet-service company said it will cancel 3.6 percent of its shares on June 30. The stock rallied 6.4 percent to 160,500 yen.

Teijin Ltd. (3401 JT): The fiber maker may post net income of 3 billion yen to 4 billion yen for the three months ending June 30, reversing from a 17.7 billion yen loss a year earlier, the Nikkei newspaper reported. The stock advanced 4.8 percent to 282 yen.

Tokyo Electric Power Co. (9501 JT): The utility plans to invest in a coal-fired power plant in Vietnam, Nikkei English News reported. The stock slid 0.9 percent to 2,428 yen.

Yokogawa Bridge Holdings Corp. (5911 JT): The builder of bridges and steel towers said it will spend as much as 1.2 billion yen to buy back up to 3.3 percent of its shares. The stock fell 0.2 percent to 546 yen.

Zojirushi Corp. (7965 JO): The maker of electric kitchen appliances boosted its full-year net income projection 57 percent to 1.1 billion yen, citing a stronger yen and lower costs. The stock gained 3 percent to 238 yen.

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

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