Astellas, Isuzu, NTN, Sony, Yamaha Motor: 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.

Astellas Pharma Inc. (4503 JT): The drugmaker may report operating profit fell 38 percent to 115 billion yen ($1.42 billion) in the fiscal year ending in March 2011, Nikkei English News reported. The operating profit would be about 20 billion yen below the company’s previous forecast, the newspaper said. The stock fell 0.3 percent to 3,060 yen.

Canon Marketing Japan Inc. (8060 JT): The distributor for Canon Inc. (7751 JT) products in Japan said nine-month operating profit fell 48 percent to 2.12 billion yen, while net income totaled 296 million yen in the period compared with a year- earlier loss. Canon Marketing rose 1.1 percent to 1,088 yen.

Central Japan Railway Co. (9022 JT): The rail operator may begin test runs in fiscal 2013 of its magnetic-levitation train line, scheduled to start operating in 2027, Nikkei English News reported. The stock gained 0.5 percent to 617,000 yen.

Dowa Holdings Co. (5714 JT): The metal-products smelter may post pretax profit of 15 billion yen for the half year, beating a forecast of 13 billion yen, Nikkei English News said. The stock fell 0.2 percent to 522 yen.

Dydo Drinco Inc. (2590 JT): The company said drink sales in the month ended Oct. 20 gained 4.2 percent from a year earlier on a parent basis, buoyed by fruit juice and functional drinks. The stock lost 0.7 percent to 2,729 yen.

Fuji Electronics Co. (9883 JT): The trader of electronic components said it will repurchase up to 9.2 percent of its shares. The stock dropped 0.1 percent to 937 yen.

Fukuoka Financial Group Inc. (8354 JT): The lender said in a preliminary earnings statement that first-half net income beat its forecast by 55 percent after a decline in bankruptcies among Japanese companies helped reduce credit costs. The stock sank 1.2 percent to 324 yen.

GS Yuasa Corp. (6674 JT): The battery maker’s first-half net income was 2.5 billion yen, or two-thirds better than forecast. The stock fell 0.9 percent to 578 yen.

Hitachi Kokusai Electric Inc. (6756 JT): The maker of chip- manufacturing equipment boosted its full-year net income projection by 26 percent to 5.4 billion yen. The stock rose 0.6 percent to 672 yen.

IHI Corp. (7013 JT): The heavy machinery maker’s first-half net income was 13 billion yen, beating its forecast by 63 percent, according to a preliminary earnings statement. The stock retreated 2 percent to 149 yen.

Isuzu Motors Ltd. (7202 JT) and Hino Motors Ltd. (7205 JT): The automakers may have returned to profit on an operating basis and beat their forecasts for the April-to-September half because of rising truck sales, Nikkei English News reported. Isuzu lost 0.7 percent to 307 yen. Hino rose 1.1 percent to 385 yen.

JS Group Corp. (5938 JT): The building material maker may pay about 3 billion yen for a 49 percent stake in the holding company of Shanghai Meite Curtain Wall System Co., Nikkei English News said. JS Group fell 1.2 percent to 1,548 yen.

Keihan Electric Railway Co. (9045 JO): The rail and bus transportation company had a first-half net income of 4 billion yen, 38 percent more than its outlook, according to a preliminary earnings release. The stock was unchanged at 356 yen.

Kose Corp. (4922 JT): The cosmetics maker said in a preliminary earnings statement its first-half net income was 2.4 billion yen, beating its forecast by 41 percent, as it delayed booking sales costs. The stock slid 1 percent to 1,901 yen.

Matsui Securities Co. (8628 JT): The online brokerage said first-half net income fell 19 percent to 3.31 billion yen on an 18 percent drop in revenue. The stock advanced 1.7 percent to 490 yen.

Mitsubishi Chemical Holdings Corp. (4188 JT): The chemicals maker plans to invest 5 billion yen to make lithium-ion battery materials in the U.S. and U.K. The company will spend 2.5 billion yen in Billingham, U.K. and begin production in the fall of 2011, according to a statement on its website. The stock slid 0.9 percent to 420 yen.

Mitsubishi Heavy Industries Ltd. (7011 JT): Japan’s third- largest publicly traded shipbuilder had a return to first-half net income of 17.3 billion yen from a year-earlier loss, according to a preliminary earnings statement. The stock slipped 1 percent to 295 yen.

Mitsui Engineering & Shipbuilding Co. (7003 JT): The ship engine maker’s first-half net income amounted to 11.5 billion yen, beating its outlook by 53 percent, according to a preliminary earnings statement. The stock was unchanged at 181 yen.

Nitto Denko Corp. (6988 JT): The electronics parts maker’s operating profit may increase 34 percent to about 75 billion yen for the year ending March 2011, Nikkei English News reported. That would exceed a previous forecast of a 12 percent increase to 63 billion yen, Nikkei said. The stock rose 0.8 percent to 3,190 yen.

NTN Corp. (6472 JT): The bearing maker may post a 10.5 billion yen operating profit for the half year ended Sept. 30, exceeding a forecast by about 500 million yen, Nikkei English News said. The stock fell 0.5 percent to 372 yen.

Osaka Gas Co. (9532 JT): Japan’s second-biggest distributor of natural gas said in a preliminary earning statement it had 19 billion yen in first-half net income, beating its forecast by 23 percent as the yen strengthened more than expected. The stock fell 1.7 percent to 293 yen.

Riken Technos Corp. (4220 JT): The maker of synthetic resin said it will buy back as much as 1.6 percent of its shares. The stock sank 1.4 percent to 215 yen.

Sony Corp. (6758 JT): The electronics maker cut the price of its PlayStation Portable Go handheld game player by 10,000 yen to 16,800 yen in Japan. The stock slid 0.4 percent to 2,724 yen.

Terumo Corp. (4543 JT): The medical device maker may report a operating profit of about 33 billion yen for the April-to- September period, about the same amount as one year earlier, Nikkei English News reported. The stock fell 0.1 percent to 4,330 yen.

Toho Zinc Co. (5707 JT): The smelter of nonferrous metals said in a preliminary earnings statement first-half net income was 6 billion yen, beating its 1.5 billion yen outlook, with higher-than-expected sales. The stock rose 0.9 percent to 353 yen.

Toyo Electric Manufacturing Co. (6505 JT): The maker of electrical equipment said it will raise 714 million yen in a share sale to Hitachi Ltd. (6501 JT). Toyo Electric fell 1.2 percent to 336 yen. Hitachi slid 0.8 percent to 354 yen.

Toyota Motor Corp. (7203 JT) and Toyota Tsusho Corp. (8015 JT): The companies will form a venture in Egypt to oversee the assembly of Fortuner sport-utility vehicles. Toyota Motor lost 1.1 percent to 2,893 yen. Toyota Tsusho rose advanced 0.7 percent to 1,300 yen.

Yamaha Motor Co. (7272 JT): The world’s second-largest motorcycle maker recalled 136,378 motorcycles made by its Brazilian unit. The recall will cost the company 2.35 billion yen. The stock rose 0.7 percent to 1,224 yen.

To contact the reporter on this story: 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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