Aeon Credit, Fuji, Kansai Electric, Taiyo Yuden, Takefuji: 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.

Aeon Credit Service Co. (8570 JT): The credit-card company reported first-half net income of 3.85 billion yen ($45.7 million) compared with a net loss a year earlier, buoyed by an absence of charges related to interest refunds and reserves for loan losses. The stock slid 0.2 percent to 965 yen.

Aeon Mall Co. (8905 JT): The shopping-mall operator said first-half net income rose 12 percent to 10.5 billion yen as sales grew. The stock advanced 0.8 percent to 1,933 yen.

All Nippon Airways Co. (9202 JT): The airline plans to boost air cargo rates next month by about 30 percent to almost 190 yen per kilogram, following talks with Nippon Express Co. (9062 JT) and Kintetsu World Express Inc. (9375 JT), Nikkei English News reported. All Nippon rose 0.3 percent to 312 yen. Nippon Express advanced 0.9 percent to 327 yen. Kintetsu World gained 0.8 percent to 2,042 yen.

Daito Trust Construction Co. (1878 JT): The builder raised its first-half net income forecast by 46 percent to 20 billion yen, citing higher contracts and cost cuts. The stock gained 2 percent to 5,120 yen.

Dydo Drinco Inc. (2590 JT): The company said drink sales in the month ended Sept. 20 fell 2.7 percent from a year earlier on a parent basis, dragged down by coffee drinks. The stock gained 1 percent to 2,957 yen.

FueTrek Co. (2468 JT), Acrodea Inc. (3823 JT): FueTrek, a large-scale integration developer, said it will buy a 2.7 percent stake in software developer Acrodea. FueTrek lost 2.6 percent to 86,500 yen. Acrodea slid 1.4 percent to 34,500 yen.

Fuji Co. (8278 JT): The shopping-center chain boosted its full-year net income outlook 14 percent to 800 million yen, citing improved inventory management and cost cuts. The stock gained 0.5 percent to 1,654 yen.

Hagihara Industries Inc. (7856 JT): The textile maker plans to raise as much as 522.2 million yen by selling shares, according to a filing with Japan’s finance ministry. The stock rose 0.1 percent to 980 yen.

Izumiya Co. (8266 JT): The supermarket operator slashed its full-year net income forecast by 75 percent to 200 million yen. The stock increased 0.3 percent to 321 yen

Kansai Electric Power Co. (9503 JT): The utility said it will spend 72.9 billion yen to buy new shares of Japan Nuclear Fuel Ltd., raising its stake to 16.7 percent from 13.5 percent. Kansai Electric gained 2 percent to 2,169 yen.

Konica Minolta Holdings Inc. (4902 JT): The maker of film used in liquid-crystal displays may post an 11 percent increase in operating profit to about 11 billion yen, in line with its target, for the quarter ending this month, Nikkei English News reported. The stock gained 2.8 percent to 815 yen.

NGK Spark Plug Co. (5334 JT): The maker of ceramic products increased its first-half net income forecast by 41 percent to 13.7 billion yen, citing a global recovery in the car and chip markets. The stock rallied 3.3 percent to 1,147 yen.

Nishi-Nippon City Bank Ltd. (8327 JT): The regional bank boosted its first-half net income forecast to 46 billion yen from 10 billion yen, citing a gain from deferred tax assets. The stock climbed 1.3 percent to 238 yen.

Noritake Co. (5331 JT): The porcelain maker lowered its full-year net income forecast 13 percent to 1.3 billion yen, citing a charge related to absorbing a subsidiary. The company boosted its operating profit outlook by 23 percent to 3.2 billion yen on higher-than-expected sales. The stock jumped 5.2 percent to 306 yen.

Orient Corp. (8585 JT): The consumer-credit company cut its full-year net income forecast by 5.6 percent to 10.2 billion yen with less-than-expected revenue. The company more than doubled its first-half net income outlook to 5.9 billion yen, citing lower costs related to bad loans. The stock sank 3.3 percent to 58

Panasonic Corp. (6752 JT): President Fumio Ohtsubo said the world’s biggest maker of plasma televisions would continue to shift manufacturing overseas to cope with the yen’s increase. He spoke to reporters in Tokyo. The stock jumped 3 percent to 1,159 yen. yen.

Promise Co. (8574 JT): Credit-default swaps insuring the debt of the consumer lender for five years jumped 89 basis points to 534.5 basis points annually, according to data provider CMA. The stock plunged 11 percent to 689 yen.

Sumitomo Seika Chemicals Co. (4008 JT): The maker of chemical products raised its full-year net income forecast by 22 percent to 2.2 billion yen. The stock increased 0.9 percent to 335 yen.

Taiyo Yuden Co. (6976 JT): The maker of electronic components plans to reduce staff in its recording-media unit by 45 percent as demand shrinks for data-storage CDs and DVDs. It expects a net loss of 2.8 billion yen in the six months ending Sept. 30, compared with a previous estimate for net income of 4.5 billion yen, according to a statement. The stock rallied 2.9 percent to 1,048 yen.

Takefuji Corp. (8564 JT): The consumer lender will file for bankruptcy protection today, Nikkei English News said. Director Junichi Yoshida, who is expected to take over as president, will likely announce the decision at a news conference today, the report said. Takefuji’s rating was cut to CC from CCC- by Standard & Poor’s. The outlook for the rating is negative, S&P said in a statement. The stock last traded at 171 yen on Sept. 24.

Toei Animation Co. (4816 JQ): The cartoon maker raised its full-year net income estimate by 7.7 percent to 1.4 billion yen. The stock rose 0.9 percent to 1,459 yen.

Uny Co. (8270 JT): The department-store chain increased its full-year net income outlook by 28 percent to 3.2 billion yen. The stock slipped 1 percent to 698 yen.

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

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

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.