Daikin, Disco, JFE, Takeda, Toshiba: Japan Equity Preview

The following companies may have unusual price changes in Japanese trading today. 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.

ABC-Mart Inc. (2670 JT): The shoe retailer’s operating profit may have increased 10 percent to 13 billion yen ($156 million) for the six months ended in August, Nikkei English News reported, without saying where it got the information. The stock rose 0.1 percent to 2,572 yen.

Aeon Co. (8267 JT): The retailer’s operating profit jumped 70 percent from a year earlier to more than 60 billion yen for the six months ended August on demand for beer and lightweight clothing, Nikkei news reported. The stock gained 0.3 percent to 899 yen.

Bic Camera Inc. (3048 JT): The consumer-electronics retailer’s operating profit increased as much as 70 percent for the 12 months ended August, Nikkei said. The stock advanced 1 percent to 31,850 yen.

Cawachi Ltd. (2664 JT): The drugstore chain’s sales at stores open for at least 13 months dropped 3.4 percent in September from a year earlier. The stock fell 1.2 percent to 1,457 yen.

Daikin Industries Ltd. (6367 JT): The world’s second- biggest air-conditioner maker’s first-half net income unexpectedly declined to 4 billion yen from 10.1 billion yen a year earlier because of a 23.4 billion yen charge on devalued stockholdings, according to a preliminary earnings statement. The company had earlier forecast net income of 15.5 billion yen. Operating profit during the period totaled 38 billion yen, beating its forecast by 19 percent. The stock slid 0.8 percent to 3,115 yen.

Daiwa Securities Group Inc. (8601 JT): Japan’s second- largest brokerage said its subsidiary sold all the shares in Q’sai Co. (2596 JP) to soft-drink maker Coca-Cola West Co. (2579 JT). Daiwa slumped 2.7 percent to 328 yen. Coca-Cola slid 0.6 percent to 1,400 yen.

Disco Corp. (6146 JT): The maker of abrasives and precision machinery said its sales reached a record high of 45.9 billion yen in the first-half period on a parent basis, helped by demand for light-emitting diode-related products and mobile devices. The stock gained 0.4 percent to 4,820 yen.

FamilyMart Co. (8028 JT): The convenience-store chain’s operating profit rose 10 percent to about 22 billion yen in the six months ended August as consumers bought more soft drinks and chilled noodles, Nikkei said. The stock dropped 0.8 percent to 2,968 yen.

Fujita Kanko Inc. (9722 JT): The operator of hotels, restaurants and resort facilities said it had a 547 million yen charge in the third quarter because of the devaluation of securities. The stock declined 1.9 percent to 370 yen.

JFE Holdings Inc. (5411 JT): The steelmaker plans to invest 400 billion yen in overseas steelmakers and rights to natural resources through fiscal 2011, with another 600 billion yen for repairing and upgrading existing facilities, Nikkei English News reported, citing an interview with President Hajime Bada. JSW Steel Ltd. (JSTL IN), India’s third-biggest steelmaker, is in talks to invest in JFE Holdings’ JFE Steel unit, the Nikkei newspaper reported, citing an interview with JSW Vice Chairman Sajjan Jindal. JFE rose 0.2 percent to 2,557 yen.

Megane Top Co. (7541 JT): The eyeglass retailer said same- store sales in September jumped 7.3 percent from a year earlier. The stock retreated 1.9 percent to 775 yen.

Nippon Steel Corp. (5401 JT): The steelmaker boosted the capacity of a plant in Osaka prefecture to make construction steel materials to meet rising demand in Asia, the Nikkei newspaper reported. The stock declined 1.4 percent to 280 yen.

Nojima Corp. (7419 JQ): The operator of electronics shops offered to acquire the Yokohama Bay Stars baseball team from Tokyo Broadcasting System Holdings Inc. (9401 JT), the Asahi newspaper reported, citing Nojima President Hiroshi Nojima. Nojima rose 0.4 percent to 575 yen. Tokyo Broadcasting lost 1.3 percent to 1,060 yen.

Oriental Land Co. (4661 JT): The operator of Tokyo Disney Resort said the number of visitors to its amusement parks in the April-to-September period increased 5.3 percent to 13 million from a year ago. The stock slid 0.3 percent to 7,760 yen.

Point Inc. (2685 JT): The apparel chain said same-store sales in September dropped 13 percent as customer traffic fell 11.6 percent. The stock plummeted 18 percent to 3,090 yen.

SBI Holdings Inc. (8473 JT): The venture-capital and financial-services company said it purchased rights to 6.6 billion yen in loans made by failed Japanese consumer lender Takefuji Corp. (8564 JT). SBI made the purchase on Sept. 21, according to a release on the company’s website. SBI sank 1.9 percent to 10,270 yen.

Takeda Pharmaceutical Co. (4502 JT): The drugmaker said it will pursue local alliances in India as part of an expansion plan in the country. Takeda will establish an office in Mumbai by January to support the expansion, according to a statement on its website. The stock increased 0.8 percent to 3,865 yen.

Toshiba Corp. (6502 JT): The electronics maker will sell a personal computer with a 3-D screen that doesn’t require special glasses as early as next year, the Nikkei newspaper said, without saying where it got the information. The stock rose 1.7 percent to 411 yen.

Toyota Motor Corp. (7203 JT): The carmaker reported a 17 percent jump in U.S. vehicle sales for the month of September, the biggest increase in five months. The stock fell 0.5 percent to 2,983 yen.

TV Asahi Corp. (9409 JT): The broadcaster raised its full- year net income forecast 20 percent to 5.5 billion yen, citing a recovery in the television advertising market. The stock dropped 3.3 percent to 108,300 yen.

Uny Co. (8270 JT): The department-store chain posted net income of 3.21 billion yen in the six months to Aug. 20, compared with a loss of 2.64 billion yen a year earlier, buoyed by cost cuts. The stock increased 0.5 percent to 663 yen.

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