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ABC-Mart, Aeon, Mitsubishi Motors, Sankyo-Tateyama: 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.

Topix Core 30 Index: The Tokyo Stock Exchange will announce changes in members of Topix Core 30 Index, which comprises the 30 largest Japanese companies listed in the bourse’s first section in terms of market value and liquidity. Nintendo Co. (7974 JO), the world’s biggest maker of portable video-game players, will be replaced with Softbank Corp. (9984 JT), a mobile phone service provider, according to data compiled by Bloomberg. The TSE announces changes in index constituents on the fifth business day in October every year. Nintendo rose 0.8 percent to 21,530 yen. Softbank climbed 2.5 percent to 2,789 yen.

ABC-Mart Inc. (2670 JT): The shoe retailer increased its full-year net income forecast by 16 percent to 17.5 billion yen ($210 million) from its previous projection, citing a gain from a sale of shares in United Arrows Ltd. (7606 JT). ABC-Mart rose 1.1 percent to 2,533 yen. United Arrows dropped 3.8 percent to 1,157 yen.

Aeon Co. (8267 JT): Japan’s second-largest retailer’s net income may climb to between 49 billion yen and 55 billion yen in the year ending February, the company said in a statement. In April, the company forecast profit would be between 32 billion yen and 38 billion yen. Aeon also raised the planned yearend dividend to 21 yen from 17 yen. The stock gained 1.9 percent to 921 yen.

Aeon Delight Co. (9787 JT): The building-maintenance company reported a 6.9 percent increase in first-half net income to 2.77 billion yen while sales dropped 5.5 percent. The stock gained 0.3 percent to 1,475 yen.

All Nippon Airways Co. (9202 JT): Hawaiian Airlines (HA US), which starts its first service to Japan next month, expects to conclude an agreement to code-share flights with All Nippon Airways within four months. ANA sank 1.3 percent to 299 yen.

Cosmo Oil Co. (5007 JT): The refiner will cut its daily domestic refining capacity to about 400,000 barrels from 550,000 by fiscal 2013 in response to falling demand, the Yomiuri newspaper reported, without saying where it obtained the information. The stock climbed 4.3 percent to 218 yen.

Daiwa House Industry Co. (1925 JT), Daiwasystem Co. (8939 JT): Daiwa House, a homebuilder, sold its entire 12.37 percent stake in Daiwasystem Co. (8939 JT), which develops and builds commercial and industrial buildings, on Oct. 5, according to a statement to the Tokyo Stock Exchange. Daiwa House leapt 5.2 percent to 904 yen. Daiwasystem plummeted 38 percent to 5 yen.

Dena Co. (2432 JT): The operator of auction and shopping Web sites may post a consolidated operating profit of 13 billion yen for the quarter ended last month, beating a forecast by 1 billion yen, as its online games rise in popularity, Nikkei English News said, without citing anyone. The stock fell 3.6 percent to 2,496 yen.

Elpida Memory Inc. (6665 JT): The world’s third-biggest maker of computer memory may buy shares of Taiwanese chipmakers, including Powerchip Technology Corp., ProMOS Technologies Inc. and Winbond Electronics Corp., to fend off competition from Samsung Electronics Co., Elpida President Yukio Sakamoto said in interviews this week. The stock lost 2 percent to 928 yen.

Higo Bank Ltd. (8394 JT): The regional bank said it will sell 1.35 million existing shares to Nomura Securities Co. Four shareholders of Higo Bank, including Sompo Japan Insurance Inc. (8755 JP) and Tokio Marine & Nichido Fire Insurance Co. (8751 JP), will sell a total of 9 million shares in the lender.

Higo Bank raised its full-year net income forecast 12 percent to 9.04 billion yen because of lower credit costs. Higo Bank fell 2.5 percent to 429 yen.

Honda Motor Co. (7267 JT): The world’s largest motorcycle maker plans to introduce a new low-cost motorbike to raise sales in emerging markets amid rising competition from Chinese and Indian rivals. Honda will build and sell the two-wheeler for as little as 4,000 yuan in China starting next year and also introduce it in Nigeria and Latin America, Tatsuhiro Oyama, senior managing director in charge of Honda’s motorcycle operations, said in an interview in Tokyo. The stock rose 0.3 percent to 3,025 yen.

JVC Kenwood Holdings Inc. (6632 JT): The maker of audio equipment plans to cut 300 jobs at a Malaysian factory by March 2011, Nikkei English News said, citing the company. The stock rose 3.8 percent to 275 yen.

Kyowa Hakko Kirin Co. (4151 JT): The drugmaker plans to sell its chemical unit, Kyowa Hakko Chemical Co., in a transaction worth as much as 60 billion yen, Reuters reported, citing six unidentified people. Kyowa Hakko Kirin increased 1.9 percent to 860 yen.

Mazda Motor Corp. (7261 JT): The automaker plans to increase its budget for developing hybrid and other “green” cars to 40 percent of research and development spending in fiscal 2015 from 20 percent in fiscal 2010, Nikkei English News reported, without saying how it got the information. Mazda budgeted 100 billion yen for group R&D spending in fiscal 2010, Nikkei said. The stock advanced 2.9 percent to 213 yen.

Ministop Co. (9946 JT): The convenience store operator said net income for the six months to Aug. 31 jumped 61 percent to 2.14 billion yen as sales increased. The stock declined 1.6 percent to 1,244 yen.

Mitsubishi Motors Corp. (7211 JT): The automaker will begin selling its i-MiEV electric car in the U.S. from November 2011, President Osamu Masuko said in Okayama, Japan. The stock was unchanged at 104 yen.

Nitori Co. (9843 JT): The furniture retailer said it will spend as much as 1.4 billion yen to buy back up to 0.4 percent of its outstanding shares. The stock slid 0.5 percent to 6,700 yen.

Obic Co. (4684 JT): The office support provider may report a 10 percent increase to 8.5 billion yen in consolidated operating profit for a record first half, Nikkei English News reported, without saying where it got the information. The stock increased 0.5 percent to 15,010 yen.

Panasonic Corp. (6752 JT): The world’s biggest maker of plasma televisions is developing a handheld video-game player, returning to the market after exiting the industry more than a decade ago, two company officials familiar with the matter said. The stock rose 1.6 percent to 1,152 yen.

Sankyo-Tateyama Holdings Inc. (3432 JT): The aluminum-mesh maker said net income in the first quarter more than doubled to 67 million yen from 30 million yen a year earlier on higher sales. The stock advanced 3 percent to 104 yen.

Sapporo Holdings Ltd. (2501 JT): The brewer’s group operating profit probably rose 15 percent to about 9 billion yen for the nine months ended Sept. 30, Nikkei English News reported without saying how it got the information. The company had increased sales of premium and no-malt beer, Nikkei said. The stock increased 0.8 percent to 385 yen.

Start Today Co. (3092 JT): The operator of Internet shopping sites for apparel said its September sales jumped 48 percent to 3.92 billion yen, compared with a year earlier. The number of members registered for the service climbed by 73,158 from August. The stock slid 0.6 percent to 249,900 yen.

Sumitomo Chemical Co. (4005 JT): The chemical company plans to raise output of plastic materials used in LED-backlit LCD televisions by 30 percent because of growing demand, Nikkei English News said, without saying where it got the information. The stock jumped 4.7 percent to 357 yen.

To contact the reporters on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net; Monami Yui in Tokyo at myui1@bloomberg.net.

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

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