Aplus, Chiba Bank, JGC, Kintetsu, Nisshin Oillio, Tachi-S: Equity Preview

The following companies may have unusual price changes in Japanese trading on Sept. 27. Stock symbols are in parentheses, and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.

Aplus Financial Co. (8589 JO): The consumer lender forecast full-year net income of 5.5 billion yen ($64.9 million), up 38 percent from its earlier projection of 4 billion yen. The company cited lower operating expenses for the forecast revision. The stock was unchanged at 43 yen.

Chiba Bank Ltd. (8331 JT): The regional lender will spend as much as 6 billion yen to repurchase up to 1.1 percent of its outstanding shares. The stock dropped 1.6 percent to 503 yen.

Dai-ichi Life Insurance Co. (8570 JT): The insurer plans to start a 1 billion yen socially responsible investment fund next month, Nikkei English News reported. The stock fell 1.1 percent to 103,100 yen.

Hitachi Ltd. (6501 JT), Panasonic Corp. (6752 JT): The electronics makers agreed to cooperate in setting up so-called smart electric power grids, according to their websites. Hitachi sank 2.1 percent to 366 yen. Panasonic retreated 1.1 percent to 1,125 yen.

Hyakugo Bank Ltd. (8368 JT): The regional bank said it plans to cancel 2.29 percent of its outstanding shares on Sept. 29. The stock declined 1.9 percent to 363 yen.

JGC Corp. (1963 JT): The plant engineering company plans to produce and sell fuel from low-grade coal in Indonesia through a partnership with Sinar Mas Group, Nikkei English News reported. JGC dropped 0.7 percent to 1,500 yen.

Kintetsu Corp. (9041 JT): The railway and retail concern more than doubled its first-half net income forecast to 4.5 billion yen from 2 billion yen because of cost cuts and reduced interest payments. The stock was unchanged at 285 yen.

Kuraray Co. (3405 JT): The fiber maker’s group operating profit for the six months ended in September may more than double from a year earlier to better than 24 billion yen, Nikkei News reported. The stock sank 2.9 percent to 1,056 yen.

Mars Engineering Corp. (6419 JT): The maker of equipment for pachinko parlors more than halved its full-year net income forecast to 1.6 billion yen from 3.87 billion yen as sales declined. The stock slid 0.5 percent to 1,444 yen.

Mitsubishi Corp. (8058 JT): The trading house may pull out from a A$4 billion ($3.8 billion) iron ore port venture with Australia’s Murchison Metals Ltd. because of doubts on its economic viability, the Australian newspaper reported. Mitsubishi lost 1.1 percent to 1,915 yen.

Nisshin Oillio Group Ltd. (2602 JT): The cooking oil maker reduced its profit forecast by 30 percent to 5.2 billion yen for the year ending March 31. The company separately said it will sell subsidiary Nisshin Marinetech Co. to Higashimaru Co. (2058 JF). Nisshin Oillio was unchanged at 388 yen. Higashimaru rose 1.6 percent to 645 yen.

Nomura Co. (9716 JT): The commercial-display contractor said net income for the six months to Aug. 15 narrowed 26 percent to 354 million yen while sales increased 16 percent. The company separately said it will spend as much as 200 million yen to buy back up to 1.24 percent of its outstanding shares. The stock fell 1.6 percent to 243 yen.

Ryohin Keikaku Co. (7453 JT): The retailer plans to cut all prices 10 percent at its Mujirushi Ryohin stores for a limited period starting next month, Nikkei English News reported. The stock slid 0.6 percent to 2,924 yen.

Tachi-S Co. (7239 JT): The maker of seats for passenger cars and trucks said it will establish a company in China to manufacture parts for car seats in October. The stock gained 0.5 percent to 1,108 yen.

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

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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