Jafco, KDDI, Koa, Misumi, Nidec, Sanrio, Toshiba, IHI: Equity Preview

The following companies may have unusual price changes in Japanese trading on July 26. 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.

Jafco Co. (8595 JT): The venture-capital company booked 606 million yen ($7 million) in net income for the three months ended June 30, compared with a loss of 72 million yen a year earlier. The stock leapt 6.5 percent to 2,206 yen.

Hamamatsu Photonics K.K. (6965 JT): The maker of electron tubes and semiconductors forecast net income of 10.5 billion yen for the year ending Sept. 30, 36 percent more than its earlier projection. The stock rallied 4.8 percent to 2,553 yen.

KDDI Corp. (9433 JT): Japan’s second-biggest mobile-phone operator said net income in the fiscal first quarter fell 17 percent as improved earnings at its fixed-line business failed to offset a slump in mobile phone-operations. The stock gained 0.2 percent to 428,000 yen.

Koa Corp. (6999 JT): The electronic-parts maker forecast it will have 1.5 billion yen in net income for the six months ending Sept. 30, compared with a net loss of 181 million yen a year earlier. The company also said it will pay a first-half dividend of 8 yen a share, up from the previous year’s payout of 4.5 yen. The stock jumped 6.5 percent to 904 yen.

Misumi Group Inc. (9962 JT): The mail-order distributor of precision machine parts said sales in June increased 57 percent to 10.5 billion yen from a year ago. That was 7.2 percent higher than the company’s target. The stock advanced 1.6 percent to 1,720 yen.

Nidec Corp. (6594 JO): The world’s biggest maker of motors for disk drives said net income for the April-to-June period rose to 13.8 billion yen from 5.82 billion yen a year earlier, on a gain in sales. The stock jumped 5.1 percent to 8,020 yen.

Nidec Copal Corp. (7756 JT): The maker of electronic components for optical equipment said first-quarter net income jumped to 1.33 billion yen from 201 million yen a year earlier with a jump in sales. The stock rose 2.5 percent to 1,349 yen.

Nidec Sankyo Corp. (7757 JT): The maker of electronic components raised its full-year net income forecast 13 percent to 6.2 billion yen. The stock climbed 4.6 percent to 700 yen.

Nissin Electric Co. (6641 JT): The maker of equipment for electrical substations swung to net income of 150 million yen in the first quarter from a net loss of 414 million yen a year earlier, as sales increased. The stock rose 2.4 percent to 433 yen.

Panasonic Electric Works Co. (6991 JT): The manufacturer of building materials and light equipment boosted full-year net income 53 percent to 23 billion yen. The stock increased 2.4 percent to 912 yen.

Rhythm Watch Co. (7769 JT): The clockmaker said it will spend as much as 600 million yen to buy back up to 2.6 percent of its shares. The stock rose 2.3 percent to 133 yen.

Sanrio Co. (8136 JT): The maker of Hello Kitty products boosted its full-year net income forecast 31 percent to 6.2 billion yen, citing a jump in licensing revenue in the U.S. and Europe. The company said it will pay a commemorative dividend of 5 yen, in addition to the planned annual dividend to 10 yen a share. The stock rose 1 percent to 1,101 yen.

Toshiba Corp. (6502 JT), IHI Corp. (7013 JT): The companies agreed to form a venture to make equipment for nuclear-power turbines. Toshiba rallied 2.1 percent to 449 yen. IHI surged 5.4 percent to 155 yen.

To contact the reporter on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

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