Asahi Kasei, Inpex, Marusan, Start Today, Yaskawa: 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.

Asahi Kasei Corp. (3407 JT): The chemicals company had a net income of 7 billion yen ($86.2 million) on a parent basis in the April-September period, 40 percent higher than the company’s forecast, because of a dividend payment from its subsidiary, according to a preliminary earnings statement. The stock dropped 1.5 percent to 468 yen.

Chiyoda Integre Co. (6915 JT): The electronic-components maker said it will spend as much as 450 million yen to buy back up to 2.12 percent of its outstanding shares. The company reported a 71 percent drop in full-year net income to 211 million yen and forecast its profit will increase to 800 million yen this fiscal year. The stock sank 0.7 percent to 897 yen.

Don Quijote Co. (7532 JT), Fidec Corp. (8423 JT): Don Quijote, a discount retailer, said it will invest in Fidec, an accounting services company, so the company can remain listed in the market. Don Quijote retreated 1.3 percent to 2,139 yen. Fidec fell 1 percent to 9,980 yen.

Fujishoji Co. (6257 JQ): The pachinko-machine maker said it will repurchase as much as 1.18 percent of its outstanding shares for up to 300 million yen. The company posted 210 million yen in net loss for the six months ended in September, missing its forecast of a 330 million yen profit, according to a preliminary earnings statement. The stock dropped 1.5 percent to 70,300 yen.

Growell Holdings Co. (3141 JT): The drugstore operator forecast its operating profit will increase 15 percent to 8.8 billion yen this year. The profit in the year ended in August jumped 40 percent, 9.6 percent higher than the company’s target. The stock climbed 4.8 percent to 1,939 yen.

Hitachi Ltd. (6501 JT): The electronics maker will partner with U.S. auto supplier Johnson Controls Inc. in the auto- battery business, Nikkei English News said. Hitachi shares climbed 0.3 percent to 352 yen.

Inpex Corp. (1605 JT): Japan’s biggest energy explorer is withdrawing from the Azadegan oil project in Iran, it said in a statement, after the Japanese government imposed sanctions last month on the country over its nuclear program. The stock slid 0.4 percent to 452,500 yen.

J. Front Retailing Co. (3086 JT): The retailer said its sales dropped 4.5 percent in September from a year earlier. The stock rose 1.9 percent to 434 yen.

Marusan Securities Co. (8613 JT): The securities firm had 297 million yen in net loss in the April-September period, compared with a profit of 858 million yen a year earlier, according to a preliminary earnings statement. The stock declined 3.7 percent to 443 yen.

Mitsubishi Motors Corp. (7211 JT): The automaker will begin production of a small-car brand in Thailand in early 2012 for import into Japan, the Yomiuri newspaper reported, citing the company. The stock sank 1 percent to 100 yen.

Net One Systems Co. (7518 JT): The communications-network designer said first-half net income declined more than expected to 700 million yen from 1.45 billion yen a year earlier, according to a preliminary earnings statement. The company had projected a 1 billion yen profit. The stock slid 0.6 percent to 108,700 yen.

PanaHome Corp. (1924 JT): The homebuilder’s first-half net income totaled 1 billion yen, compared with its forecast of a 300 million yen profit, according to a preliminary earnings statement. The company said increased sales and lower fixed costs contributed to the profit. The stock retreated 2.4 percent to 458 yen.

Sanyo Electric Co. (6764 JT): The electronics maker will sell its small-motor operations to Nidec Corp. (6594 JO), the Yomiuri newspaper reported, without saying where it obtained the information. Kyoto-based Nidec plans to keep all of the 300 employees involved in the operation, the Yomiuri said. Sanyo slid 0.7 percent to 137 yen. Nidec climbed 0.4 percent to 7,070 yen.

Start Today Co. (3092 JT): The operator of Internet shopping sites for apparel reported net income in the April- September period jumped to 1.37 billion yen from 698 million yen a year earlier, according to a preliminary earnings statement. That was 57 percent higher than the company’s forecast. The stock fell 2.8 percent to 253,100 yen.

Sumitomo Corp. (8053 JT): The trading company and Korea Electric Power Corp. (015760 KS) have secured priority negotiation rights to build and manage a power plant project in Abu Dhabi, Nikkei English News said, without citing anyone. The project in Shuweihat will cost about 150 billion yen, the report said. Sumitomo slipped 1 percent to 1,106 yen.

Sumitomo Heavy Industries Ltd. (6302 JT): Hansen Transmissions International NV (HSN LN) said it has received an offer for its industrial gearbox division from Sumitomo Heavy, a heavy machinery maker, for a gross consideration of 75 million euros. Sumitomo Heavy dropped 1.3 percent to 458 yen.

Yaskawa Electric Corp. (6506 JT): The maker of servomotors boosted its net income forecast for the year ending in March by 63 percent to 6.5 billion yen. The company’s first-half profit reached 1.7 billion yen, exceeding its projection by 13 percent. The stock retreated 2.8 percent to 664 yen.

To contact the reporter on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net; Anna Kitanaka in Tokyo at akitanaka@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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