Aeon, Disco, Kewpie, Rakuten, Shimamura, Tokyo Tatemono: 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.

Nippon Steel Corp. (5401 JT), JFE Holdings Inc. (5411 JT), Sumitomo Metal Industries Ltd. (5405 JT): The steelmakers plan a combined 686 billion yen ($7.7 billion) in spending on plant and equipment during this fiscal year, 0.8 percent less than a year earlier, the Tekko Shimbun newspaper reported. Nippon Steel fell 2.3 percent to 296 yen. JFE declined 2 percent to 2,780 yen. Sumitomo Metal dropped 2.4 percent to 203 yen.

Aeon Co. (8267 JT): Aeon Eaheart Co., a unit of Japanese retailer Aeon Co., will sell 67 restaurants to noodle shop operator Shusui Corp. for several hundred million yen, Nikkei English News reported. Aeon retreated 2 percent to 945 yen.

Culture Convenience Club Co. (4756 JT): The video-rental chain said it abandoned a plan to acquire HMV Japan after failing to reach agreement with Daiwa Securities SMBC Principal Investments, which owns the music chain. The stock rose 2.5 percent to 416 yen.

DCM Japan Holdings Co. (3050 JT): The home-center chain said first-quarter profit fell 20 percent from a year earlier to 2.35 billion yen. The stock fell 1.4 percent to 489 yen.

Disco Corp. (6146 JT): The maker of abrasives and precision machinery plans to increase production of wafer- cutting and polishing systems by 10 percent to 20 percent to meet higher demand, Nikkei English News reported. The stock fell 1.9 percent to 5,680 yen.

Hisamitsu Pharmaceutical Co. (4530 JT): The drugmaker said first-quarter net income rose 38 percent from a year earlier to 6.09 billion yen. The stock advanced 1.2 percent to 3,530 yen.

Honda Motor Co. (7267 JT): The automaker will recall 165 Civic and Stream models in China due to airbag defects, the nation’s General Administration of Quality Supervision, Inspection and Quarantine said. The stock fell 1.9 percent to 2,597 yen.

JX Holdings Inc. (5020 JT): The refiner will restart its 210,000 barrel-a-day No. 1 Kashima crude distillation unit on July 8 after maintenance. Separately, unit JX Nippon Oil & Energy Corp. will cut crude oil processing by 10 percent from a year earlier on weak demand, said Tsutomu Sugimori, the unit’s director. The stock gained 0.5 percent to 437 yen.

Kewpie Corp. (2809 JT): The mayonnaise maker said first- half net income rose 54 percent from a year earlier to 6.24 billion yen. The stock retreated 1.3 percent to 1,021 yen.

Kobe Steel Ltd. (5406 JT): Japan’s fourth-largest mill may start construction of a planned $1 billion steel plant in Vietnam next month, the Southeast Asian nation’s government said. The stock slid 0.6 percent to 171 yen.

Oracle Corp. Japan (4716 JT): The Japanese unit of the U.S. software maker said full-year net income rose 0.5 percent from a year earlier to 23 billion yen, while sales slid 4.3 percent to 110.8 billion yen. The stock rose 0.3 percent to 4,370 yen.

Panasonic Corp. (6752 JT): The home appliance maker said it will raise its stake in IPS Alpha Technology Ltd., a Japanese maker of LCD panels, to 92 percent from 44.98 percent. The stock retreated 1.1 percent to 1,122 yen.

Point Inc. (2685 JT): The apparel chain said first-quarter net income fell 21 percent from a year earlier to 1.85 billion yen, while sales rose 6.9 percent to 23.2 billion yen. The stock lost 2.8 percent to 4,880 yen.

Rakuten Inc. (4755 JQ): The Japanese operator of retail websites said it plans to expand online services to 27 countries from six, and raise the overseas proportion of transactions to 70 percent. The stock increased 3.4 percent to 64,100 yen.

Seven & I Holdings Co. (3382 JT): The retailer agreed with Li & Fung Ltd. to jointly develop low-priced clothes, Nikkei English News said. The stock dropped 0.5 percent to 2,047 yen.

Shimamura Co. (8227 JT): The apparel retailer said first- quarter net income rose 24 percent from a year earlier to 4.72 billion yen. The stock fell 1.6 percent to 8,040 yen.

Sony Corp. (6758 JT): The electronics company said it’s recalling 535,000 Vaio personal computers because they may overheat due to a temperature control defect. The stock fell 1.9 percent to 2,383 yen.

Sumitomo Corp. (8053 JT): The trading company may spend about 170 billion yen to buy a 30 percent interest in an iron ore mine from Usinas Siderurgicas de Minas Gerais SA, Nikkei English News reported. Sumitomo declined 1.9 percent to 897 yen.

Sumitomo Mitsui Financial Group Inc. (8316 JT): The Japanese lender and Barclays Plc plan to introduce a private wealth-management division, aimed at individuals with at least 500 million yen to invest, Nikkei English News reported. Sumitomo Mitsui retreated 1.4 percent to 2,538 yen.

Tokyo Tatemono Co. (8804 JT): The property developer said first-half net income totaled 1.5 billion yen, 57 percent less than forecast, according to a preliminary earnings statement. The stock climbed 0.7 percent to 277 yen.

To contact the reporter on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net.

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