Honeys, Nippon Electric Glass, Nitori, Toyota: 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.

Frontier Real Estate Investment Corp. (8964 JT): The real- estate investment trust will sell new shares to the public for 592,312 yen each to raise as much as 19.5 billion yen ($215 million), according to a filing with Japan’s finance ministry. The stock was unchanged at 626,000 yen.

Honeys Co. (2792 JT): The apparel maker said in a preliminary earnings statement full-year net income totaled 1.76 billion yen, beating its forecast by 41 percent, citing better- than-expected sales. The stock slumped 3.1 percent to 1,145 yen.

Jeol Ltd. (6951 JT): The optics equipment maker said it expects to take about a 1.7 billion yen charge for this fiscal year as 146 employees accepted the company’s severance package program. The stock lost 0.6 percent to 331 yen.

Kintetsu World Express Inc. (9375 JT): The distribution company will sell its entire stake in the logistics unit of Sanyo Electric Co. (6764 JT) to a subsidiary of Longreach Group Ltd. (LNGRCZ HK), an investment group focused on Japan and China. Kintetsu World rose 0.04 percent to 2,236 yen. Sanyo fell 0.8 percent to 129 yen.

Lion Corp. (4912 JT): The household products maker may expand its presence in Southeast Asia by increasing output in Malaysia and Thailand, and by starting new sales bases in four additional countries, Nikkei English News reported. The stock dropped 0.4 percent to 466 yen.

Marubeni Corp. (8002 JT): The trading house agreed to form an alliance with Tianjin Bohai Chemical Industry I&E Corp. of China, which has large petrochemical operations, Nikkei English News said. Marubeni slid 1.4 percent to 510 yen.

Mitsubishi Heavy Industries Ltd. (7011 JT) and Hitachi Ltd. (6501 JT): The companies agreed to work together on selling commuter and subway trains overseas as urban growth and rising environmental concerns stoke investment in public transport worldwide. The cooperation will include sales, design, manufacturing and construction, the companies said in a joint statement. Mitsubishi Heavy lost 2.1 percent to 332 yen. Hitachi slid 1.1 percent to 360 yen.

Nippon Electric Glass Co. (5214 JT): The glassmaker raised its first-quarter net income forecast to 25 billion yen from a previous projection of between 21 billion yen and 24 billion yen, citing higher demand for glass used in flat-panel displays. The stock slid 0.4 percent to 1,137 yen.

Nishimatsuya Chain Co. (7545 JT): The apparel retailer’s same-store sales rose 1.6 percent in the month ended June 20 as good weather boosted sales of summer clothes sold. The stock lost 2.7 percent to 861 yen.

Nitori Co. (9843 JT): The furniture retailer said first- quarter net income rose 10 percent to 9.75 billion yen on a 12 percent gain in sales. The stock slipped 1 percent to 7,880 yen.

Orix Corp. (8591 JT): The financial services company plans to buy 10 billion yen of Tokyo Star Bank’s preferred shares as the companies finalize a pact, Nikkei English News reported. Orix fell 0.3 percent to 6,910 yen.

Osaka Securities Exchange Co. (8697 JX): The bourse is seeking to merge with the Tokyo Commodity Exchange, the Sankei newspaper reported. The stock rose 0.8 percent to 444,000 yen.

Papyless Co. (3641 JQ): The distributor of electronic books will start trading on the Osaka Securities Exchange’s Jasdaq market. The initial offering price was 2,700 yen per share.

Right On Co. (7445 JT): The jeans and casual-wear retailer’s same-store sales in the month ended June 20 fell 3.6 percent, dragged down by lower customer traffic. The drop in June was smaller than the previous month’s 18.9 percent decline, Right On said in a release. The stock rose 0.3 percent to 696 yen.

Shicoh Co. (6667 JT): The maker of fan motors plans to raise 824.5 million yen by selling 4,500 shares to the public, according to a filing with the nation’s Finance Ministry. The stock sank 4.9 percent to 180,700 yen.

Toshiba Corp. (6502 JT): The electronics maker said it will expand manufacturing capacity at its plant in Houston for production of high-performance drive motors for electric vehicles. The stock slumped 1.6 percent to 489 yen.

Toyota Motor Corp. (7203 JT): The world’s biggest automaker said it halted production at its car plant in Guangzhou, China, after one of its suppliers was hit by a strike. The stock fell 0.6 percent to 3,275 yen.

Tsuruha Holdings Inc. (3391 JT): The drugstore chain forecast first-half net income will fall 11 percent to 3.69 billion yen. For the full year ending May 15, the retailer expects a 5.7 percent increase in profit to 6.93 billion yen. The stock rose 0.8 percent to 3,190 yen.

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

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