Fast Retailing, Mitsubishi UFJ, NTT, Oki: Japan Equity Preview

The following companies may have unusual price changes in Japanese trading today after a public holiday yesterday. 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.

Chiyoda Co. (8185 JT): The specialty retailer’s net income in the March-August period declined 42 percent to 220 million yen ($2.67 million) as sales fell. The stock rose 0.3 percent to 930 yen.

Daicel Chemical Industries Ltd. (4202 JT): The chemicals maker will move air bag-related production to China to weather a strong yen, Nikkei English News reported. The stock gained 1.4 percent to 576 yen.

Dainippon Screen Manufacturing Co. (7735 JT): The maker of semiconductor-production equipment has developed technology that increases 100-fold the precision of equipment used to clean chips, Nikkei English News reported. The stock slipped 0.2 percent to 448 yen.

Daio Paper Corp. (3880 JT): The papermaker said it will book an 8.23 billion yen charge on devalued stockholdings for the July-September period. The stock slumped 4.9 percent to 577 yen.

Fast Retailing Co. (9983 JT): Asia’s biggest clothing chain forecast full-year profit will fall 17 percent to 51 billion yen because same-store sales declined in the first half. Net income for the year ended Aug. 31 increased 24 percent to 61.7 billion yen, short of its target by 8.6 percent. The company said it plans to add 44 Uniqlo stores overseas and 36 in Japan in the 12 months to Aug. 31, for a total of 1,024, compared with 944 in the previous fiscal year. The stock sank 2.3 percent to 12,390 yen.

F-Tech Inc. (7212 JT): The autoparts maker plans to halve its debt by fiscal 2013 and reduce capital spending, Nikkei English News said. The stock slipped 0.2 percent to 1,287 yen.

Gulliver International Co. (7599 JT): The used-car dealer booked a 65 percent increase in first-half net income to 3.74 billion yen. Sales during the period dropped 3.9 percent. The stock advanced 2.3 percent to 4,490 yen.

Japan Wool Textile Co. (3201 JT): The textile maker earned 1.43 billion yen net income for the nine months ended Aug. 31, compared with a loss of 360 million yen a year earlier. The company separately said it will spend as much as 430 million yen to buy back up to 0.6 percent of its outstanding shares. The stock declined 2.2 percent to 630 yen.

Kansai Paint Co. (4613 JT): The paint maker has acquired about 25 percent of South Africa’s Freeworld Coatings Ltd. and is in talks to acquire more, Reuters reported. Kansai Paint sank 1.8 percent to 719 yen.

Kinki Nippon Tourist Co. (9726 JT): The travel agency’s reservations for package tours to China during December are down by as much as half, Nikkei English News said, attributing the slide to the recent diplomatic dispute between the two nations. The stock lost 2.7 percent to 73 yen.

Mitsubishi UFJ Financial Group Inc. (8306 JT): The bank plans to advance as much as 500 billion yen in low-interest loans to energy and environment projects, the Nikkei newspaper said. The stock gained 0.3 percent to 406 yen.

Nippon Paper Group Inc. (3893 JT): The papermaker may see pretax profit of approximately 15 billion yen for the period ended in September, a decrease of more than 10 percent from a year earlier, Nikkei English News reported. The stock rose 0.6 percent to 2,186 yen.

Nissan Motor Co. (7201 JT): The automaker expects its western European car sales to increase by 10 percent in the year to March 2011, French daily La Tribune reported, citing European vice-president Emmanuel Delay. The stock fell 0.1 percent to 740 yen.

NPC Inc. (6255 JT): The maker of solar-cell manufacturing equipment forecast a 75 percent jump in full-year net income to 1.44 billion yen with a 62 percent increase in sales. The company said profit for the year ended Aug. 31 declined 48 percent. The stock dropped 1.6 percent to 1,741 yen.

Nippon Telegraph & Telephone Corp. (9432 JT): A unit of NTT and Microsoft Corp.’s Japan unit will partner in a cloud- computing project, the Nikkei newspaper reported, without saying where it got the information. NTT slid 1.1 percent to 3,700 yen.

Okaya Electric Industries Co. (6926 JT): The electronics maker plans to eliminate 500 jobs at its Chinese factory by March 2012 as wages in that country rise, the Nikkei newspaper reported. The stock fell 1.2 percent to 318 yen.

Oki Electric Industry Co. (6703 JT): The maker of communications equipment reversed its full-year forecast to a net loss of 28 billion yen from a profit of 4.5 billion yen. The company plans to sell 30 billion yen in preferred shares to Mizuho Corporate Bank Ltd. (MIZC JP) and 13 other companies, according to a filing with Japan’s finance ministry. The stock fell 1.3 percent to 74 yen.

Plenus Co. (9945 JT): The distributor of boxed meals had 900 million yen in net income for the six months to Aug. 31, according to a preliminary earnings statement, falling short of its forecast by 29 percent on weak sales. The stock climbed 5 percent to 1,323 yen.

Ryohin Keikaku Co. (7453 JT): The operator of the Muji retail chain cut its full-year profit forecast 22 percent to 6.89 billion yen on slow sales of apparel and other goods. The company said separately it plans to spend as much as 3 billion yen to repurchase up to 3.96 percent of its outstanding shares. The stock rose 0.4 percent to 2,864 yen.

Sakata Seed Corp. (1377 JT): The seed wholesaler’s first- quarter net income fell 37 percent to 670 million yen as sales dropped. The stock increased 0.1 percent to 1,113 yen.

Shin-Etsu Chemical Co. (4063 JT): The chemicals maker will start extracting rare-earth metals from discarded air conditioners and reuse them in magnets next year, Nikkei English News reported. The stock lost 1.8 percent to 4,370 yen.

Softbank Corp. (9984 JT): Softbank director Ken Miyauchi will become president of Willcom Inc., a PHS (personal handy- phone system) carrier undergoing court-led restructuring with help from Softbank, the Nikkei newspaper reported. The stock dropped 0.1 percent to 2,735 yen.

Sojitz Corp. (2768 JT): The trading company aims to double its cellulose fiber business to 6 billion yen by fiscal 2015 by introducing an alternative to fiberglass for use in autoparts, Nikkei English News reported. The shares lost 2.5 percent to 154 yen.

Takeda Pharmaceutical Co. (4502 JT): The drugmaker will partner Envoy Therapeutics Inc., a drug-discovery company, in research on schizophrenia, the companies said in a statement. Takeda slid 0.5 percent to 3,905 yen.

Tokyo Broadcasting System Holdings Inc. (9401 JT): JS Group Corp. (5938 JT) aims to buy the Yokohama BayStars professional baseball team from Tokyo Broadcasting System this month, Nikkei English News reported. Tokyo Broadcasting System tumbled 9.2 percent to 1,071 yen. JS Group declined 2.3 percent to 1,527 yen.

Toray Industries Inc. (3402 JT), Toyota Motor Corp. (7203 JT) and Fuji Heavy Industries (7270 JT): Toray will begin supplying Toyota and Fuji Heavy with carbon fiber for car bodies this year, the Nikkei newspaper reported. Toray’s stock was unchanged at 463 yen. Toyota fell 2 percent to 2,895 yen. Fuji heavy slid 0.6 percent to 542 yen.

Transaction Co. (7818 JQ): The maker of household and health-care goods will be listed on the Osaka Securities Exchange’s Jasdaq market. The initial public offering price is set at 1,400 yen.

Union Tool Co. (6278 JT): The maker of drill bits said it returned to net income of 1.52 billion yen in the nine months ended Aug. 31 from a loss of 351 million yen a year earlier. The company separately said it will buy back up to 2.68 percent of its outstanding shares for as much as 1.5 billion yen. The stock lost 1.1 percent to 2,073 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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