Anritsu, Canon, Fujitsu, Nippon Steel, Yamada Denki: 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.

Ajinomoto Co. (2802 JT): The foodmaker may have operating profit of 43 billion yen ($527 million) for half-year ended in September, up 30 percent from a year earlier, as it raised seasoning prices, Nikkei English News reported. The stock slid 0.6 percent to 790 yen.

Anritsu Corp. (6754 JT): The maker of electronic equipment boosted its full-year net income forecast by 67 percent to 2.5 billion yen on cost cuts. The stock gained 2.7 percent to 541 yen.

Canon Inc. (7751 JT): The world’s largest camera maker raised its full-year net income forecast 2.1 percent to 245 billion yen, citing cost cuts and higher camera shipments. The stock lost 2.3 percent to 3,620 yen.

Central Japan Railway Co. (9022 JT): The country’s biggest high-speed train operator increased its full-year net income outlook 16 percent to 112 billion yen. The stock slid 1.5 percent to 599,000 yen.

Daiwabo Holdings Co. (3107 JT): The textile maker had a first-half net loss of 850 million yen due to a drop in the value of its stockholdings, according to a preliminary earnings statement. It had forecast a 50 million yen profit. Operating profit in the period was 2 billion yen, 82 percent above the company’s estimate, the release said. The stock slumped 1.6 percent to 187 yen.

Fujitsu Ltd. (6702 JT): Japan’s biggest computer-services provider said operating profit rose 96 percent to 37.2 billion yen in the three months ended Sept. 30. The stock advanced 1.9 percent to 542 yen.

Gulliver International Co. (7599 JT): The used-car retailer said it plans to raise about 4.1 billion yen by selling shares overseas. The stock rose 0.8 percent to 4,390 yen.

Kobayashi Pharmaceutical Co. (4967 JT): The maker of drugs and medical equipment said first-half net income rose 17 percent to 6.27 billion yen. The stock increased 0.8 percent to 3,750 yen.

Koito Industries Ltd. (7276 JT): The maker of lighting equipment for cars cut its full-year net income outlook by 23 percent to 10 billion yen due to charges from a drop in the value of its stockholdings and inventory assets, and plane-seat delivery delays. The stock jumped 3.7 percent to 1,060 yen.

Makita Corp. (6586 JT): The maker of electric power tools raised its full-year net income forecast by 26 percent to 25 billion yen as it expects higher overseas sales to offset a stronger yen. The stock climbed 1.4 percent to 2,711 yen.

Marubeni Corp. (8002 JT): The trading house may post net profit of 70 billion yen for the six months ended in September, a gain of 39 percent, Nikkei English News reported. The stock rose 0.4 percent to 522 yen.

McDonald’s Holdings Company (Japan) Ltd. (2702 JQ): The Japanese unit of the world’s biggest restaurant chain said nine- month net income fell 35 percent to 6.25 billion yen, while operating profit in the period rose 26 percent. The stock was little changed at 2,050 yen.

Mitsubishi Chemical Holdings Corp. (4188 JT): The chemical maker may report operating profit of more than 110 billion yen for the April-to-September period, Nikkei English News reported. That would be an increase from 2 billion yen a year earlier, Nikkei said. The stock fell 0.2 percent to 421 yen.

Nippon Steel Corp. (5401 JT): Japan’s largest steelmaker will acquire a 23 percent stake in the Revuboe coking coal project in Mozambique. Nippon Steel Trading Co. (9810 JT) currently holds 33 percent of the project, the Japanese companies said in a release. Nippon Steel fell 1.1 percent to 261 yen. Nippon Steel Trading sank 1.3 percent to 225 yen.

Noritsu Koki Co. (7744 JO): The maker of photo-processing equipment reversed its full-year forecast to a net loss of 860 million yen from a 250 million yen profit, citing costs related to foreign-exchanges and reorganization. The stock slipped 1 percent to 492 yen.

Obic Co. (4684 JT): The computer-system provider said first-half net income rose 9.2 percent to 6.45 billion yen on higher sales. The stock jumped 4.2 percent to 14,310 yen.

Omron Corp. (6645 JO): The maker of electronic components said it returned to first-half net income of 15 billion yen from a year-earlier loss. The stock gained 3.3 percent to 2,031 yen.

Renesas Electronics Corp. (6723 JT): The electronic- components maker returned to first-half operating profit of 729 million yen from a year-earlier loss on growing sales. Separately, Renesas said it plans to cut 1,200 jobs through early retirement. The stock dropped 0.4 percent to 684 yen.

Seven & I Holdings Co. (3382 JT): Japan’s biggest retailer plans to open its first 7-Eleven convenience store in Chengdu, China, this spring, according to a statement released in Tokyo. The stock advanced 0.5 percent to 1,905 yen.

Shin-Etsu Chemical Co. (4063 JT): The chemical maker, Jiangsu Fasten Hongsheng Group Co. and TKH Group NV (TWEKA NA) will form a venture in China to make fiber-optic materials. Shin-Etsu was unchanged at 4,245 yen.

Shinko Electric Industries Co. (6967 JT): The maker of semiconductor packages slashed its full-year net-income forecast by 73 percent to 2.2 billion yen, citing sluggish demand in the chip market and losses related to the stronger yen. The stock rose 0.1 percent to 855 yen.

Sumitomo Corp. (8053 JT): The trading house plans to expand its Internet supermarket division by building more facilities in Tokyo to process a 10-fold increase in orders by 2015, Nikkei English News reported. The stock lost 1.4 percent to 1,055 yen.

Sumitomo Metal Industries Ltd. (5405 JT): Japan’s third- biggest steelmaker invested $50 million in Canadoil Group to parcipate in a $600 million project to build a heavy-plate plant in Thailand. The stock dropped 1 percent to 190 yen.

Toagosei Co. (4045 JT): The chemical maker raised its full- year net income forecast by 9.9 percent to 10 billion yen, citing surging prices for acryl products and higher-than- expected shipments. The stock leapt 1.8 percent to 348 yen.

Toho Titanium Co. (5727 JT): The titanium smelter widened its full-year net loss projection to 5.6 billion yen from 4.5 billion yen, citing the stronger yen. The stock sank 2.8 percent to 2,228 yen.

Yamada Denki Co. (9831 JT): The electronics retailer raised its full-year net income outlook by 16 percent to 67.9 billion yen, citing improved store efficiency and lower administration costs. The stock rallied 3.4 percent to 5,150 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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