Fuji Heavy, Mitsubishi, Nidec, 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 as of the latest close. The information in each item was released after markets shut unless stated otherwise.

Aeon Co. (8267 JT): Japan’s second-largest retailer said it expects annual operating profit to reach 250 billion yen ($3.1 billion) by February 2014 as it boosts the proportion it spends on expanding in China and Southeast Asia. The stock slid 0.7 percent to 982 yen.

Chiyoda Corp. (6366 JT): The plant engineering company said in a preliminary earnings statement first-half net income amounted to 2.8 billion yen ($34.7 million), beating its profit outlook by 40 percent, citing lower tax costs. The stock fell 1.2 percent to 668 yen.

Daio Paper Corp. (3880 JT): The papermaker slashed its full-year net income forecast by two thirds to 500 million yen, citing lower demand for printing paper and falling product prices. The stock lost 0.4 percent to 535 yen.

Fuji Heavy Industries Ltd. (7270 JT): The maker of Subaru cars had first-half net income of 44 billion yen, beating its 23 billion yen profit outlook on higher sales and lower costs, according to a preliminary earnings statement. The stock rose 0.4 percent to 527 yen.

Hakuhodo DY Holdings Inc. (2433 JT): Japan’s second-biggest advertising company expects to break even for this fiscal year ending March, citing a drop in the value of its investment stocks. The company had forecast a 3.2 billion yen profit. The stock retreated 1.1 percent to 3,730 yen.

Hitachi Construction Machinery Co. (6305 JT): The world’s biggest maker of giant excavators had a return to first-half net income of 3.1 billion yen from a year-earlier loss on growing sales. The stock fell 1.7 percent to 1,804 yen.

Hitachi High-Technologies Corp. (8036 JT): The trader of electronic devices and industrial machinery raised its full-year net income forecast 35 percent to 17 billion yen on demand for semiconductor equipment and higher-than-expected U.S. handset shipments. The stock retreated 1.3 percent to 1,516 yen.

Jtekt Corp. (6473 JT): The autoparts maker’s first-half net income was 8 billion yen, 33 percent above its profit estimate, according to a preliminary earnings statement. The stock rose 0.4 percent to 813 yen.

Kajima Corp. (1812 JT): The general contractor said in a preliminary earnings statement first-half net income was 20 billion yen, exceeding its 3 billion yen profit forecast. The company cut its full-year sales outlook 4.2 percent. The stock was unchanged at 192 yen.

Kao Corp. (4452 JT): Japan’s biggest maker of household products raised its full-year net income outlook by 6 percent to 53 billion yen. Kao also said it will spend as much as 15 billion yen to buy back up to 1.5 percent of its outstanding shares. The stock gained 1.3 percent to 2,004 yen.

Komeri Co. (8218 JT): The home-center chain said first-half net income fell 13 percent to 4.83 billion yen. The stock rose 0.5 percent to 1,707 yen.

Kyushu Electric Power Co. (9508 JT): The power utility reported first-half net income that beat its forecast by 50 percent after hot summer weather spurred power demand. The company made the announcement in a preliminary earnings statement. The stock leapt 1.7 percent to 1,843 yen.

Mitsubishi Corp. (8058 JT): The trading house’s net profit may have climbed 89 percent to 260 billion yen in the April-to- September first half because of energy and mineral operations, Nikkei reported. The stock declined 1.2 percent to 1,973 yen.

Mitsubishi Heavy Industries Ltd. (7011 JT), Toshiba Corp. (6502 JT): Mitsubishi Heavy, Toshiba and five other companies in Japan will form a consortium for selling satellites in emerging markets such as Chile, Nikkei English News said. Mitsubishi Heavy lost 1 percent to 292 yen. Toshiba fell 0.5 percent to 405 yen.

Mitsui Chemicals Inc. (4183 JT): The chemical maker said in a preliminary earnings statement first-half net income was 17.1 billion yen, beating its forecast by 22 percent, citing cuts in fixed costs. The stock fell 0.4 percent to 254 yen.

Monex Group Inc. (8698 JT): The online brokerage said first-half net income fell 21 percent to 1.6 billion yen, while revenue gained 12 percent in the period. The stock fell 1.6 percent to 21,640 yen.

Mori Seiki Co. (6141 JO): The machine tool maker said its first-half net loss narrowed to 6.11 billion yen from 15.7 billion yen as sales jumped by 50 percent. The stock gained 2.8 percent to 808 yen.

Nidec Corp. (6594 JO): The world’s biggest maker of motors for hard-disk drives said net income in the fiscal first half rose 96 percent to 27 billion yen as demand recovered in developing markets. The stock slipped 0.4 percent to 7,200 yen.

Nippon Electric Glass Co. (5214 JT): The glassmaker said first-half net income more than tripled to 42.5 billion yen from 13.9 billion yen a year earlier as sales jumped by 41 percent. The stock slid 0.6 percent to 1,079 yen.

NTT Data Corp. (9613 JT): The network-services company may post operating profit of 24 billion yen for the six months ended in September, a 30 percent decline from a year earlier, Nikkei English News reported. The stock fell less than 0.1 percent to 249,400 yen.

Sekisui Chemical Co. (4204 JT): The house builder and chemical maker raised its full-year net income forecast by 26 percent to 22 billion yen, citing demand for high-performance plastics and homes. The stock fell 1 percent to 515 yen.

Shimano Inc. (7309 JO): The maker of bicycle equipment and fishing gear said nine-month net income jumped 83 percent to 14.4 billion yen on growing sales, while the company cut its full-year net income projection by 7.5 percent to 18.5 billion yen. The stock dropped 0.8 percent to 4,260 yen.

Toyota Motor Corp. (7203 JT): The automaker may raise prices of Japanese-made vehicles sold in the U.S. to cope with the strong yen, which reduces the company’s overseas earnings when repatriated, the Yomiuri newspaper said, citing the automaker. Also, Toyota will likely revise its currency assumption for its full-year profit forecast to about 80 yen to the dollar from 90 yen, President Akio Toyoda said. The stock sank 0.9 percent to 2,866 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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