ABC-Mart, Aeon, Daiwa Securities, Ito En, Lawson, Tokyo Gas: Stock 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.

ABC-Mart Inc. (2670 JT): The shoe retailer said same-store sales in June dropped 1.5 percent from a year earlier, dragged down by per-customer sales which plunged by 6.9 percent. The stock rose 1.4 percent to 3,370 yen.

Aeon Co. (8267 JT): The retailer may post first-quarter operating profit of about 22 billion yen, up 150 percent from a year earlier, on cost cuts at its supermarkets, Nikkei English News said. The stock rose 0.6 percent to 945 yen.

Arcs Co. (9948 JT): The operator of supermarkets and discount stores said first-quarter net income rose 13 percent to 1.28 billion yen as sales increased. The stock slipped 1 percent to 1,175 yen.

Bookoff Corp. (3313 JT): The used-book retailer said June same-store sales at 280 stores in Japan rose 2.4 percent from the same month a year earlier. The stock declined 1.7 percent to 852 yen.

Daiwa Securities Group Inc. (8601 JT): Japan’s second- largest brokerage agreed to buy KBC Groep NV’s (KBC BB) convertible-bond unit and its Asian equity-derivatives business for about $1 billion. Daiwa was unchanged at 382 yen.

Focus Systems Corp. (4662 JQ): The computer-software developer said it will buy back as much as 2.9 percent of its shares. The stock sank 3.9 percent to 223 yen.

Ito En Ltd. (2593 JT): The maker of green tea and canned drinks said its June sales gained 8.4 percent, buoyed by black tea and Chinese tea. The stock advanced 0.2 percent to 1,327 yen.

JVC Kenwood Holdings Inc. (6632 JT): The electrical- products maker’s Victor unit will pay a fine of 707.6 million yen to the Japanese government for making false financial statements, according to a statement. JVC Kenwood lost 2.9 percent to 33 yen.

Kappa Create Co. (7421 JT): The conveyor-belt sushi restaurant chain said first-quarter net income fell 16 percent to 847 million yen. The stock slid 0.2 percent to 1,800 yen.

Kasumi Co. (8196 JT): The supermarket chain said first- quarter net income fell 24 percent to 507 million yen, while operating profit in the quarter gained 50 percent to 1.35 billion yen. The stock rose 0.7 percent to 451 yen.

Kourakuen Corp. (7554 JT): The noodle-shop operator said June same-store sales at its direct-run restaurants open at least 13 months gained 3 percent from the same month a year earlier, aided by higher customer traffic. The stock rose 0.3 percent to 1,210 yen.

Lawson Inc. (2651 JT): Japan’s second-largest convenience- store operator said first-quarter net income fell 32 percent to 4.08 billion yen, with falling revenue. The stock gained 3.6 percent to 3,995 yen.

Mitsubishi Motors Corp. (7211 JT): The maker of the i-MiEV electric car is considering adding battery suppliers for electric and plug-in hybrid vehicles as the ratio of such cars to overall sales will rise, President Osamu Masuko said. The stock rose 0.9 percent to 113 yen. GS Yuasa fell 1.6 percent to 556 yen.

Sala Corp. (2734 JT): The energy-supply company said first- half net income jumped to 644 million yen from 373 million yen a year earlier. The stock was unchanged at 537 yen.

Tokyo Gas Co. (9531 JT): PTT Pcl (PTT TB) of Thailand is in talks with Tokyo Gas to pool purchases of liquefied natural gas to take advantage of seasonal demand variations in both countries, the Nation newspaper reported, citing PTT President Prasert Bunsumpun. Tokyo Gas was unchanged at 400 yen.

Tosei Corp. (8923 JT): The property developer said first- half net income fell 28 percent to 948 million yen on a 32 percent drop in sales. The stock gained 3.6 percent to 32,000 yen.

Toyota Motor Corp. (7203 JT): The world’s largest automaker will recall about 6,000 Lexus vehicles in China, spokesman Hitoshi Yokoyama said by phone from Beijing. Separately, Toyota Motor’s monthly sales in China rose 7.7 percent in June to 60,900 units, according to a flash headline carried by Nikkei English News. The stock advanced 0.5 percent to 3,035 yen.

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

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