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Daikin, Honda, Mitsumi, Nikon, Nippon Glass, Shinsei Bank: Stocks 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.

Asahi Glass Co. (5201 JT): The glassmaker posted a return to first-half net income of 74.4 billion yen ($866 million) from a year-earlier loss as sales grew by 24 percent. The company raised its full-year operating profit forecast by 5.3 percent and increased its planned dividend for the year to 24 yen from 16 yen. The stock rose 1.2 percent to 901 yen.

Bank of Yokohama Ltd. (8332 JT): Fitch Ratings downgraded Bank of Yokohama’s long-term issuer default rating to A- from A. The agency also revised the outlook to stable from negative. The stock declined 0.5 percent to 398 yen.

Dai Nippon Printing Co. (7912 JT): The printing company’s first-quarter net income more than quadrupled to 8.8 billion yen from 2.01 billion yen a year earlier. The stock advanced 1.6 percent to 1,064 yen.

Daikin Industries Ltd. (6367 JT): The air-conditioner maker said first-quarter net income almost tripled to 6.62 billion yen from 2.29 billion yen a year earlier as sales increased. The stock rallied 3.8 percent to 3,250 yen.

Furukawa Electric Co. (5801 JT): The wire and cable maker boosted its full-year net income outlook 14 percent to 12.5 billion yen. The stock gained 1.6 percent to 389 yen.

Haseko Corp. (1808 JT): The general contractor said net income in the quarter ended June 30 jumped 59 percent to 2.52 billion yen. The stock climbed 2.9 percent to 72 yen.

Hirose Electric Co. (6806 JT): The electronic-equipment maker posted an 82 percent jump in first-quarter net income to 4.31 billion yen as sales surged 30 percent. The stock increased 0.7 percent to 8,730 yen.

Honda Motor Co. (7267 JT): Japan’s second-largest carmaker may revise its export operations in China as demand in Europe declines. Honda’s export-only plant in Guangzhou, Guangdong province, which ships the Jazz compact car to Europe, is running at half capacity, Chief Financial Officer Yoichi Hojo told reporters in Tokyo. The stock gained 2.6 percent to 2,853 yen.

Kajima Corp. (1812 JT): The general contractor’s first- quarter net income more than doubled to 8.58 billion yen from 3.75 billion yen a year earlier. The stock rallied 3.9 percent to 211 yen.

Kitamura Co. (2719 JT): The home-appliances retailer said it will buy back up to 2.34 percent of its outstanding shares. The stock slipped 0.9 percent to 421 yen.

Mikuni Coca-Cola Bottling Co. (2572 JT), Key Coffee Inc. (2594 JT): Mikuni Coca-Cola, a soft-drink bottler, said it will sell the wholesale operations of its Crystal Coffee Co. unit to Key Coffee. Mikuni Coca-Cola rose 0.3 percent to 715 yen. Key Coffee advanced 0.6 percent to 1,538 yen.

Mitsui Chemicals Inc. (4183 JT) and Teijin Ltd. (3401 JT): The companies plan to combine their PET resin divisions, Nikkei English News reported. Mitsui Chemicals was unchanged at 240 yen. Teijin was unchanged at 279 yen.

Mitsumi Electric Co. (6767 JT): The electronic-component maker slashed its full-year net income forecast by 89 percent to 700 million yen, citing lower-than-expected demand for “amusement-related” products. The stock rose 0.4 percent to 1,406 yen.

Namco Bandai Holdings Inc. (7832 JT): The video-game developer reversed its first-half operating profit forecast to 1.5 billion yen from a 1 billion yen loss. The stock climbed 0.8 percent to 774 yen.

NHK Spring Co. (5991 JT): The autoparts maker turned to first-quarter net income of 4.72 billion yen from a year-earlier loss on a 46 percent jump in sales. The company raised its first-half net income outlook by 18 percent. The stock rose 0.1 percent to 779 yen.

Nikon Corp. (7731 JT): The camera maker reported a first- quarter profit as global spending on single-lens reflex cameras and consumer electronics increased. The company more than doubled its first-half net income target to 9 billion yen from 4 billion yen. The stock advanced 1.5 percent to 1,512 yen.

Nippon Sheet Glass Co. (5202 JT): The glassmaker forecast full-year net income of 1 billion yen, reversing a previous projection for a 4 billion yen loss. The stock climbed 1.9 percent to 215 yen.

Nippon Telegraph & Telephone Corp. (9432 JT): Japan’s largest phone company said first-quarter net income rose 12 percent to 155.9 billion yen. The stock rose 0.4 percent to 3,620 yen.

Nipro Corp. (8086 JT): The medical equipment maker said it will spend about 26 billion yen to set up a production unit in China. The stock leapt 0.9 percent to 1,704 yen.

Olympus Corp. (7733 JT): The optical-equipment maker reported net income fell 17 percent in the first quarter to 1.5 billion yen. The stock increased 0.8 percent to 2,330 yen.

Orix Corp. (8591 JT): The finance company’s first-quarter net income more than doubled to 16.5 billion yen from 7.2 billion yen a year earlier. The stock advanced 1.6 percent to 6,950 yen.

Panasonic Electric Works Co. (6991 JT): The maker of building materials and light equipment may double its production capacity to 100,000 square meters a month for chip-scale package laminates in Taiwan by 2012, Nikkei English News reported. The stock rose 0.3 percent to 1,102 yen.

Rakuten Inc. (4755 JQ): The Internet shopping site operator said first-half net income plunged 55 percent to 17.2 billion yen, while operating profit gained 21 percent to 28.2 billion yen as sales grew. The stock lost 1.5 percent to 65,800 yen.

Rinnai Corp. (5947 JT): The gas appliances maker’s first- quarter net income jumped 78 percent to 2.82 billion yen as sales increased. The stock gained 2.4 percent to 4,855 yen.

Shinsei Bank Ltd. (8303 JT): The lender, which said in May that it would sell new shares worth as much as 100 billion yen during this fiscal year, may postpone the plan, the Asahi newspaper said, citing an interview with President Shigeki Toma. Also, Nikkei English News reported Shinsei Bank may merge two consumer finance units in the next fiscal year. The stock sank 4.9 percent to 77 yen.

Terumo Corp. (4543 JT): The medical device maker posted a 19 percent drop in first-quarter net income to 8.79 billion yen. The stock advanced 2.2 percent to 4,740 yen.

United Arrows Ltd. (7606 JT): The apparel chain raised its full-year operating profit projection 7.3 percent to 6.41 billion yen, citing recovering sales. The stock rose 0.1 percent to 1,150 yen.

Yamada Denki Co. (9831 JT): The electronics retailer said first-quarter net income more than doubled to 8.61 billion yen from 3.44 billion yen a year earlier as sales rose. The stock gained 3.3 percent to 5,980 yen.

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

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