Tokyo Steel, Hitachi Construction, Trend Micro: Japanese Equity Preview

The following companies may have unusual price changes in Japanese trading on June 28. 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.

Aoki Super Co. (9977 JQ): The supermarket operator said first-quarter net income plunged 73 percent to 84 million yen ($937,000), citing increased price competition among retailers. The stock dropped 0.7 percent to 871 yen.

CFS Corp. (8229 JT): The supermarket chain said first- quarter operating profit dropped 75 percent to 39 million yen, with falling sales. Net income totaled 19 million yen compared with a net loss of 311 million yen a year earlier when it took a charge on inventory. The stock advanced 1 percent to 531 yen.

Dydo Drinco Inc. (2590 JT): The company said drink sales in the month ended June 20 declined 10.3 percent from the same period a year earlier on a parent basis, dragged down by carbonated drinks and mineral water. The stock lost 0.9 percent to 3,330 yen.

Eisai Co. (4523 JP): The company plans to start a pharmaceutical research and development laboratory in India as early as next year, the Financial Express reported, citing Sanjit Singh, president of Eisai Knowledge Centre. The stock fell 0.5 percent to 3,000 yen.

Hitachi Construction Machinery Co. (6305 JT): The company will invest as much as 3 billion yen ($33.6 million) to build an excavator factory in Russia with operations beginning next year, Nikkei English News reported, without saying where it obtained the information. The stock fell 2.2 percent to 1,748 yen.

Ichibanya Co. (7630 JT): The curry-restaurant operator said in a preliminary earnings statement full-year net income unexpectedly rose 1.77 billion yen on lower costs. The company had forecast 1.55 billion yen profit and earned 1.63 billion yen a year earlier. The stock advanced 0.4 percent to 2,237 yen.

Kenedix Inc. (4321 JT): The real-estate-investment company doubled its first-half net loss estimate to 1.6 billion yen, citing a charge on the sale of overseas assets. Also, Kenedix registered to sell as much as 15 billion yen in shares, according to a filing with the nation’s finance ministry. The stock tumbled 6.4 percent to 18,480 yen.

Misumi Group Inc. (9962 JT): The mail-order distributor of precision machine parts said its sales in May jumped 66 percent to 9.23 billion yen. That was 7.6 percent higher than the company’s target. The stock lost 2.2 percent to 1,728 yen.

Mizuho Financial Group Inc. (8411 JT): Japan’s second- largest publicly traded bank by assets plans to raise as much as 857.6 billion yen by selling shares to the public, according to a filing with the nation’s finance ministry. The stock declined 1.3 percent to 153 yen.

Nagaileben Co. (7447 JT): The maker of medical clothing said nine-month net income rose 14 percent to 1.93 billion yen, with increased sales. The stock slipped 0.7 percent to 2,202 yen.

Nippon Steel Trading Co. (9810 JT): The steel-products trader said it plans to spend 2 billion yen to buy back and cancel 200,000 Class B shares. The stock retreated 2.5 percent to 279 yen.

Nomura Co. (9716 JT): The commercial-display contractor said its net loss narrowed to 83 million yen in the first- quarter from 290 million yen a year earlier on a 21 percent gain in sales. The stock slipped 1.9 percent to 315 yen.

Okuwa Co. (8217 JO): The supermarket chain said net income more than tripled in the first quarter to 325 million yen from a year earlier, reflecting the previous year’s charge from a drop in the value of inventory assets. Operating profit in the quarter slid 32 percent to 830 million yen, with falling revenue. The stock rose 0.1 percent to 909 yen.

Sumitomo Trust & Banking Co. (8403 JT): Sumitomo Trust and STB Asset Management Co. will begin a trust fund to invest in Japanese companies involved in biodiversity conservation, Nikkei English News reported, without saying where it got the information. Sumitomo Trust fell 1.2 percent to 477 yen.

Tokyo Steel Manufacturing Co. (5423 JT): The company has started supplying steel sheets to autoparts makers affiliated with Toyota Motor Corp. and Nissan Motor Co., the Nikkei newspaper said. The stock fell 0.4 percent to 1,004 yen.

Trend Micro Inc. (4704 JT): The company’s pretax profit for the six months ending in June may fall 20 percent from a year earlier to 12 billion to 13 billion yen, Nikkei English News reported, without saying where it got the information. The stock fell 3.2 percent to 2,540 yen.

Yamaguchi Financial Group Inc. (8418 JT): The lender said it will spend 19.97 billion yen to cancel 19,970 preferred shares on July 15. The stock advanced 0.1 percent to 885 yen.

Yoshinoya Holdings Co. (9681 JT): The company is aiming to increase the number of its beef bowl restaurants in Southeast Asia to between 300 and 400 stores over the next 10 years, the Nikkei newspaper reported, without citing where it obtained the information. The stock advanced 1 percent to 99,000 yen.

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

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