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Sharp, Sumitomo, Tokyo Electron, Toyota: Japan 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.

ABC-Mart Inc. (2670 JT): The shoe retailer said same-store sales fell 7.1 percent in September, dragged down by lower customer traffic. The stock declined 2.2 percent to 2,516 yen.

Bookoff Corp. (3313 JT): The used-book retailer said September same-store sales at 286 stores in Japan rose 3.1 percent from a year earlier. The stock dropped 1.3 percent to 697 yen.

Capcom Co. (9697 JT): The video-game developer cut its full-year net income forecast by 19 percent to 6.5 billion yen after the appreciation of the yen eroded the value of overseas sales. The stock slid 0.7 percent to 1,260 yen.

Daiei Inc. (8263 JT): First-half net loss at Daiei totaled 1.63 billion yen, narrower than its loss forecast of 2.5 billion yen, due to a gain from the sale of fixed assets, the retailer said in a preliminary earnings report. The stock slid 0.9 percent to 338 yen.

Fast Retailing Co. (9983 JT): Japan’s biggest clothing retailer posted a 24.7 percent decline in September domestic sales at its Uniqlo chain. The stock rose 0.3 percent to 11,770 yen.

Fuji Co. (8278 JT): The shopping-center chain said first- half net income fell 36 percent to 247 million yen, while operating profit in the period rose 17 percent to 1.05 billion yen. The stock advanced 1.1 percent to 1,717 yen.

Hisamitsu Pharmaceutical Co. (4530 JT): The drugmaker said first-half net income rose 25 percent to 12 billion yen, with higher sales. The stock slumped 1.7 percent to 3,390 yen.

Izumiya Co. (8266 JT): The supermarket operator said first- half net loss narrowed to 90 million yen from 5.3 billion yen a year earlier. The stock retreated 2.3 percent to 298 yen.

Kappa Create Co. (7421 JT): The sushi restaurant chain said first-half operating profit fell 12 percent to 3.45 billion yen. The stock slipped 0.5 percent to 1,736 yen.

Makino Milling Machine Co. (6135 JT): The machine-tool maker said it expects full-year net income of 100 million yen after U.S. and Asian demand increased. It had forecast a 2.4 billion loss. The stock fell 1.2 percent to 567 yen.

Mitsubishi Tanabe Pharma Corp. (4508 JT): The drugmaker raised its full-year net income forecast by 32 percent to 35.5 billion yen on higher sales of key products in the domestic market. The stock rose less than 0.1 percent to 1,407 yen.

Mitsubishi UFJ Lease & Finance Co. (8593 JT): The leasing- services company said it may not recover part of its 8 billion yen loans to a developer that filed for bankruptcy protection. The stock lost 1.9 percent to 2,853 yen.

Monex Group Inc. (8698 JT): The online brokerage will sell new shares to the public for 23,745 yen each to raise 3.16 billion yen, according to a filing with the nation’s finance ministry. The stock sank 5.9 percent to 24,480 yen.

Nippon Shokubai Co. (4114 JT): The chemical maker may have operating profit of about 10 billion yen, better than the company had forecast, for the second half of the fiscal year ending in March 2011, Nikkei English News reported, citing an interview with President Tadao Kondo. The stock rose 0.4 percent to 726 yen.

Point Inc. (2685 JT): The apparel chain said it will spend as much as 2 billion yen to buy back up to 2.34 percent of its outstanding shares. The stock dropped 0.3 percent to 3,080 yen.

Sharp Corp. (6753 JT) and Culture Convenience Club Co. (4756 JT): The companies are starting a joint venture to distribute e-books, music and videos for Sharp’s Galapagos tablet to be released in December, Nikkei English News said. Sharp advanced 0.2 percent to 835 yen. Culture Convenience lost 2 percent to 351 yen.

Sumitomo Corp. (8053 JT): The trading house may record net profit of about 200 billion yen in the year ending in March, about 29 percent higher than a year earlier, Nikkei English News reported. Sumitomo had previously predicted profit would gain 3 percent to about 160 billion yen, Nikkei reported. The stock rose 0.4 percent to 1,084 yen.

Toshiba Corp. (6502 JT): The electronics maker will start offering televisions that can show 3-D images without the viewer having to wear special glasses from December, the company said in a statement. The stock decreased 1.2 percent to 406 yen.

Tokyo Electron Ltd. (8035 JT): The world’s second-largest semiconductor-equipment maker said orders rose by between 10 percent and 15 percent in the last quarter from the previous three months as companies boosted capital expenditure. The stock gained 1 percent to 4,260 yen.

Toyota Motor Co. (7203 JT): The world’s biggest carmaker was sued by Allstate Corp. (ALL US) and affiliates of the insurer, who say they have paid $3 million for accidents caused by sudden acceleration. Toyota slid 0.7 percent to 2,962 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at

To contact the editor responsible for this story: Darren Boey at

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