Jafco, KDDI, Koa, Misumi, Nidec, Sanrio, Toshiba, IHI: 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.

Daiichi Sankyo Co. (4568 JT): The pharmaceutical company will form a joint venture with Kitasato Institute Research Center for Biologicals as early as next spring to make vaccines for potential flu epidemics, Nikkei English News said, without citing anyone. The shares climbed 1 percent to 1,555 yen.

Eisai Co. (4523 JT): The pharmaceutical company and Pfizer Inc. (PFE US) won U.S. regulatory approval to sell a higher-dose version of Aricept that the companies say will help counter a potential sales decline of the world’s biggest drug for Alzheimer’s disease. Eisai was unchanged at 2,779 yen.

Fuji Electric Holdings Co. (6504 JT): The maker of electric machinery will increase this fiscal year’s semiconductor investment by 20 percent to 12 billion yen ($137 million) from an earlier plan, the Nikkan Kogyo newspaper reported, without saying where it obtained the information. The stock rose 5.2 percent to 241 yen.

Fujitsu Ltd. (6702 JT): The electronics maker will start selling low-cost personal computers in Asia and North America during fiscal 2012, the Nikkei newspaper reported, without saying where it obtained the information. The shares gained 3.3 percent to 594 yen.

GS Yuasa Corp. (6674 JT): The maker of storage batteries will spend 8 billion yen to boost production of lead-acid car batteries in Asia outside Japan, Nikkei English News reported. The stock rose 2.7 percent to 542 yen.

Isuzu Motors Ltd. (7202 JT): The automaker will next year start supplying fuel-efficient trucks to U.S. vehicle maker Utilimaster Corp., the Nikkan Kogyo newspaper reported, without saying where it obtained the information. The shares increased 3.7 percent to 254 yen.

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.

JFE Holdings Inc. (5411 JT) The steelmaker may have group pretax profit of 100 billion yen for the first half of the year ending September, compared with a pretax loss a year earlier, Nikkei English News reported. The stock climbed 5 percent to 2698 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, 7.2 percent higher than the company’s target. The stock advanced 1.6 percent to 1,720 yen.

Mitsubishi Heavy Industries Ltd. (7011 JT): Japan’s biggest maker of heavy machinery may license production technology for its 2,400 kilowatt wind turbines to Ningxia Electric Power Group Co. in a deal that could be completed in the next few months, Nikkei English News said. The stock rose 2.3 percent to 315 yen.

Mitsubishi UFJ Financial Group Inc. (8306 JP), Mizuho Financial Group Inc. (8411 JP) and Sumitomo Mitsui Financial Group Inc. (8316 JP): Earnings at Japan’s three largest banks soared in the second quarter, the Nikkei Newspaper reported. Mitsubishi UFJ’s profit topped 100 billion yen, compared with 75.9 billion yen a year earlier. Mizuho posted as much as 200 billion yen profit, up from 72.7 billion yen. Mitsubishi UFJ shares rose 1.8 percent to 407 yen and Mizuho gained 1.5 percent to 2,519 yen; Sumitomo Mitsui, which reversed a year-earlier loss with profit of about 150 billion yen, rose 1.5 percent to 136 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.

Nippon Steel Corp. (5401 JT): Japan’s largest steelmaker may have group pretax profit of 120 billion yen for the first half of this fiscal year ending in September, Nikkei English News reported. The stock rose 3.5 percent to 297 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 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 special 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.

Softbank Corp. (9984 JP): The mobile phone service provider probably marked record operating profit of about 190 billion yen for April-June, an 80 percent increase from a year earlier, the Nikkei newspaper reported. The stock rose 1.8 percent to 2,516 yen.

Sony Corp. (6758 JT): The electronics maker may post first- quarter operating profit of between 10 billion yen and 30 billion yen compared with a year-earlier loss, helped by increased sales of digital cameras and personal computers in emerging countries, Nikkei English News said, without citing anyone. The shares advanced 4.8 percent to 2,513 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.

Tokyo Electric Power Co. (9501 JP): The utility said intraday demand in the Tokyo area peaked at 59,990 megawatts on July 23, the highest this year. The stock fell 0.5 percent to 2,420 yen.

Toyota Motor Corp. (7203 JP): The automaker probably earned second-quarter profit of about 100 billion yen, compared with a loss a year earlier, as it boosted sales in developing nations and the Middle East, and weathered the impact of a stronger yen, the Nikkei newspaper reported. The stock rose 1.7 percent to 3,085 yen.

To contact the reporters on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net; Anna Kitanaka in Tokyo at akitanaka@bloomberg.net.

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