Hokkaido Electric, OSG, Shinsei Bank, Toho, Tokyu Land: 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.

Air Water Inc. (4088 JT): The producer of industrial gases raised its first-half forecast for net income by 20 percent to 6.6 billion yen ($78.4 million), citing a recovery in demands. The stock rose 0.1 percent to 995 yen.

Daiei Inc. (8263 JT) and Marubeni Corp. (8002 JT): The companies have agreed to jointly set up retail complexes in China, starting with a site in Shanghai this year, Nikkei English News said. Daiei sank 2.3 percent to 346 yen.

Elpida Memory Inc. (6665 JT): The memory chip maker plans to start mass-producing dynamic random access memory chips with a low-30-nanometer line width in December, Nikkei English News said. The line width will be the world’s thinnest, surpassing that on chips made by Samsung Electronics Co., the report said. The stock slid 1 percent to 911 yen.

Hokkaido Electric Power Co. (9509 JT): The utility cut its forecast for full-year net income by 9.1 percent to 10 billion yen, while boosting its outlook for operating profit by 7.7 percent. The stock slid 0.2 percent to 1,736 yen.

Honeys Co. (2792 JT): The apparel maker said its first- quarter net loss narrowed to 35 million yen from 219 million yen a year earlier, with a 2.8 percent increase in sales. The stock jumped 4.9 percent to 1,231 yen.

Itochu Corp. (8001 JT): The trading house plans to combine food wholesalers Nippon Access Inc., Family Corp., Itochu Fresh Corp. and Universal Food Co., Nikkei English News reported. Itochu gained 1.5 percent to 753 yen.

Kyorin Holdings Inc. (4569 JT), Sawai Pharmaceutical Co. (4555 JT): Sawai may extend the response period for its proposed takeover of Kyorin beyond Sept. 30, Nikkei English News reported. Sawai is continuing negotiations with drugmaker Kyorin, aiming for a friendly takeover bid, Nikkei reported. Kyorin slipped 2.1 percent to 1,307 yen. Sawai gained 1.4 percent to 7,500 yen.

Marubeni Corp. (8002 JT) and Toyo Engineering Corp. (6330 JT): The companies have reached an agreement on a $600 million contract with a local petroleum company to build Mongolia’s first oil refinery, Nikkei English News reported. Marubeni advanced 0.6 percent to 474 yen. Toyo Engineering rose 1.2 percent to 264 yen.

Meitec Corp. (9744 JT): The provider of engineering staff increased its first-half net income outlook 50 percent to 1.5 billion yen, citing higher-than-expected revenue and a gain from the sale of equity. The stock advanced 2.2 percent to 1,553 yen.

Nifco Inc. (7988 JT): The plastic parts maker may invest about 1 billion y1en to build a factory in China’s Hubei Province, Nikkei English News reported. The stock dropped 0.9 percent to 2,008 yen.

OSG Corp. (6136 JT): The maker of machine tools reported nine-month net income of 2.87 billion yen from a year-earlier net loss, as sales jumped by 28 percent. The stock rose 0.1 percent to 839 yen.

Santen Pharmaceutical Co. (4536 JO): The maker of ophthalmic medicines said it will shut a plant in Osaka, Japan, and move the operations to Shiga prefecture. The stock lost 1.7 percent to 2,960 yen.

Shibaura Mechatronics Corp. (6590 JT): The maker of machines used to produce semiconductors slashed its full-year net income forecast by 78 percent to 450 million yen as cost cuts failed to offset lower-than-expected sales. The stock gained 1 percent to 293 yen.

Shinsei Bank Ltd. (8303 JT): The bank raised its net income target for fiscal 2012 to 51 billion yen from 32 billion yen. The stock advanced 1.8 percent to 58 yen.

Takefuji Corp. (8564 JT): The consumer lender filed for bankruptcy protection, becoming Japan’s biggest casualty of a four-year crackdown on coercive lending to consumers. Takefuji listed 433.6 billion yen in liabilities in a statement to the Tokyo Stock Exchange. The stock plunged 32 percent to 116 yen.

Toho Co. (9602 JT), International Television Films Inc. (9604 JQ): Toho, a movie producer, plans to buy the shares it doesn’t already own in International Television for 100 yen apiece. Toho rose 0.2 percent to 1,351 yen.

Tokyo Electric Power Co. (9501 JT): The utility may raise as much as 600 billion yen in a sale of new shares, the Nikkei newspaper reported. The energy company will spend the funds to build nuclear power plants and expand overseas, the Nikkei said. The stock lost 2.2 percent to 2,282 yen.

Tokyu Land Corp. (8815 JT): The developer said it will book a one-time charge of 28.9 billion yen for the first half of the fiscal year ending March after restructuring its golf operations. Also, the company raised its full-year operating profit outlook 72 percent to 62 billion yen with higher-than-expected sales. The stock increased 1.6 percent to 345 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.

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