Hitachi, Kawasaki Heavy, Toshiba, 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 from the previous close. The information in each item was released after markets shut, unless stated otherwise.

Aiful Corp. (8515 JT): The consumer lender is considering selling off subsidiary Businext Corp., Nikkei English News reported, citing unidentified people familiar with the situation. The stock jumped 6.3 percent to 51 yen.

Ajinomoto Co. (2802 JT): The food processor plans to build a factory in Thailand as part of about 10 billion yen ($123 million) in investments to produce flavor enhancers for its processed foods and seasonings, Nikkei English News reported, without saying where it got the information. The stock rose 0.4 percent to 808 yen.

Bridgestone Corp. (5108 JT): The tiremaker plans to spend about 30 billion yen at its Kitakyushu plant in Japan to raise output of large tires for construction and mining vehicles, Nikkei English News said, without citing anyone. The stock slid 0.4 percent to 1,428 yen.

DIC Corp. (4631 JT): The printing ink producer increased its net income forecast for the year ending March by 33 percent to 16 billion yen, citing declines in interest costs and lower one-time losses. DIC separately said it will sell a 90 percent stake in a subsidiary DIC Logitech Co. to Hitachi Transport System Ltd. (9086 JT). DIC dropped 1.3 percent to 147 yen. Hitachi Transport gained 0.7 percent to 1,262 yen.

Eighteenth Bank Ltd. (8396 JT): The regional bank said net income in the six months to Sept. 30 unexpectedly increased to 4.7 billion yen from 3.12 billion yen a year earlier, according to a preliminary earnings statement. The company had forecast a profit of 2.5 billion yen. The stock rose 0.5 percent to 208.

Haseko Corp. (1808 JT): The general contractor’s first-half net income increased more than expected to 7.2 billion yen from 4.1 billion yen a year ago, according to a preliminary earnings statement. The company had forecast a profit of 3 billion yen. The stock was unchanged at 68 yen.

Hitachi Ltd. (6501 JT): The electronics maker may post group operating profit of more than 200 billion yen for the six months ended September, topping a previous profit forecast of 170 billion yen, Nikkei English News reported, without saying where it got the information or mentioning revenue figures. The stock retreated 1.1 percent to 347 yen.

Hitachi Zosen Corp. (7004 JT): The industrial machinery maker booked 5.6 billion yen in net income for the six months to Sept. 30, beating the company’s forecast by 87 percent, according to a preliminary earnings statement. The company cited improved profitability and gains from its stock holdings for the results. The stock advanced 0.9 percent to 114 yen.

Iwatani Corp. (8088 JT): The gas supplier posted 820 million yen in first-half net income, exceeding the company’s forecast of a 350 million yen profit, as sales and general administration costs declined, according to a preliminary earnings statement. The stock lost 0.8 percent to 244 yen.

Kameda Seika Co. (2220 JT): The rice cracker maker’s first- half net income was 390 million yen, falling short of the company’s forecast of a 700 million yen profit, according to a preliminary earnings statement. The company separately said it will spend as much as 2 billion yen to buy back up to 4.61 percent of its outstanding shares. The stock dipped 0.4 percent to 1,664 yen.

Kawasaki Heavy Industries Ltd. (7012 JT): The heavy machinery maker’s net income in the April-September period reached 12.3 billion yen, up 76 percent from the company’s forecast, according to a preliminary earnings statement. The stock gained 0.4 percent to 231 yen.

Kewpie Corp. (2809 JT): The mayonnaise maker raised the planned year-end dividend to 10 yen from 8 yen. The stock gained 0.7 percent to 1,023 yen.

Koa Corp. (6999 JT): The electronic-parts maker said it returned to a net income of 1.45 billion yen in the six months ended in September from a loss of 181 million yen a year ago, as sales climbed 38 percent. The stock gained 0.5 percent to 793 yen.

Mitsui Mining & Smelting Co. (5706 JT): Japan’s biggest producer of refined zinc may triple group pretax profit to about 14 billion yen for the six-month period ended in September, Nikkei English News reported, without saying where it got the information. The stock rose 0.8 percent to 255 yen.

Miura Co. (6005 JT): The industrial boiler maker cut its full-year net income forecast 23 percent to 3.1 billion yen, citing currency exchange losses and valuation losses. The stock sank 1.2 percent to 1,963 yen.

Murata Manufacturing Co. (6981 JO): The maker of capacitors probably had group operating profit for the six months ended in September of 45 billion yen, beating a 42 billion yen forecast, Nikkei English News reported, without citing anyone. The stock climbed 2.5 percent to 4,565 yen.

Nippon Yusen KK (9101 JT), Mitsui O.S.K. Lines Ltd. (9104 JT): The shipping lines may report group pretax profit of about 80 billion yen each that topped a forecast of about 70 billion yen each, Nikkei English News reported, without saying where it got the information. Nippon Yusen increased 0.6 percent to 331 yen. Mitsui OSK dropped 0.8 percent to 509 yen.

Shionogi & Co. (4507 JT): The drugmaker may post group net profit of less than 7 billion yen, a decline of 40 percent, for the six months ended in September after restructuring its U.S. unit, Nikkei English News reported, without saying where it got the information. The stock declined 1.1 percent to 1,479 yen.

Sony Corp. (6758 JT): The world’s third-largest television maker said it’s considering offering a 3-D version of its new Internet TV as the company tries to revive demand. The stock advanced 1.2 percent to 2,707 yen.

Sumitomo Corp. (8053 JT): The trading company is nearing an agreement to acquire an additional stake in Mazda Motor Corp. (7261 JT) from Ford Motor Co. (F US), Nikkei English News reported, without saying how it got the information. Sumitomo sank 1 percent to 1,069 yen. Mazda was unchanged at 212 yen.

Sumitomo Metal Industries Ltd. (5405 JT): The steel producer is in talks to take a 40 percent stake in a steel plant planned by Bhushan Steel Ltd. for West Bengal, India, the Business Standard reported, citing Bhushan Steel Managing Director Neeraj Singal. The stock lost 0.5 percent to 197 yen.

Tokyo Seimitsu Co. (7729 JT): The maker of chip- manufacturing equipment had 2.2 billion yen in first-half net income, 29 percent higher than the company’s forecast, citing recovery in capital spending and strong demand from emerging nations in Asia, according to a preliminary earnings statement. The stock slid 0.8 percent to 1,033 yen.

Toshiba Corp. (6502 JT): The electronics and power- equipment maker said in a preliminary earnings statement first- half net income was 27 billion yen, more than double its forecast of a 10 billion-yen profit, citing strength in its liquid-crystal display and chip operations. The stock declined 2.2 percent to 408 yen.

Toyo Tire & Rubber Co. (5105 JT): The tiremaker will buy Malaysian rival Silverstone Corp. for 462 million ringgit ($149 million). The stock sank 0.6 percent to 167 yen.

Toyota Motor Corp. (7203 JT): The automaker is considering building a factory in Japan to produce lithium-ion batteries for use in Prius hybrid vehicles, the Yomiuri newspaper reported, without saying where it obtained the information. The stock gained 0.4 percent to 2,900 yen.

Ube Industries Ltd. (4208 JT): The chemical products maker raised its full-year net income forecast 17 percent to 17 billion yen because of stronger sales. The stock was unchanged at 195 yen.

Yamato Holdings Co. (9064 JT): The logistics company will spend 270 million yen to provide package delivery services in Hong Kong. The company will set up two local subsidiaries on Nov. 12, according to a statement to the Tokyo Stock Exchange.

The company’s operating profit probably fell 6 percent in the fiscal first half to about 21.5 billion yen as customer pressure forced lower rates on its domestic package-delivery service, Nikkei English News reported, without saying where it got the information. The stock fell 1.1 percent to 1,015 yen.

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

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

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