Astellas, Elpida, Sony, Yokohama Rubber: 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.

All Nippon Airways Co. (9202 JT): Asia’s largest listed carrier by sales agreed to plead guilty and pay a $73 million criminal fine related to “two separate conspiracies” to fix prices in the air transportation industry, the U.S. Justice Department said in an e-mailed statement. The stock slumped 3.9 percent to 293 yen.

Alpine Electronics Inc. (6816 JT): The maker of car-audio equipment boosted its full-year net income outlook 27 percent to 7 billion yen ($87 million). The stock was unchanged at 1,008 yen.

Alps Electric Co. (6770 JT): The maker of auto electronics reported first-half net income of 5.93 billion yen following a net loss a year earlier on growing sales. The company lifted its full-year net income outlook 3.6 percent. The stock slid 0.7 percent to 716 yen.

Astellas Pharma Inc. (4503 JT): Japan’s second-largest drugmaker cut its full-year profit forecast a second time, saying earnings will be 13 percent less than predicted because of costs relating to its $4 billion takeover of OSI Pharmaceuticals Inc. The stock rose 0.1 percent to 2,998 yen.

Brother Industries Ltd. (6448 JT): The office-equipment maker boosted its full-year net income projection 30 percent to 24 billion yen, citing higher sales and lower costs. The stock rose 0.1 percent to 1,029 yen.

Dena Co. (2432 JT): The operator of auction and shopping websites said first-half net income jumped to 14.2 billion yen from 3.5 billion yen a year earlier, as sales almost tripled. The stock gained 3 percent to 2,145 yen.

Elpida Memory Inc. (6665 JT): The world’s third-biggest maker of computer-memory chips said in a preliminary earnings statement it had first-half net income of 39.5 billion yen, compared with a net loss of 51.6 billion yen a year earlier. The stock slid 2.4 percent to 805 yen.

Fujikura Ltd. (5803 JT): The cable maker said first-half net income rose 27 percent to 4.95 billion yen, while operating profit in the period fell 16 percent to 7.72 billion yen. The stock slid 1.1 percent to 371 yen.

Fuji Media Holdings Inc. (4676 JT): The television broadcaster raised its full-year net income forecast 40 percent to 9.4 billion yen, citing administration cost cuts. The stock slid 0.6 percent to 106,000 yen.

Hitachi Transport System Ltd. (9086 JT): The logistics company increased its full-year net income outlook 4 percent to 7.8 billion yen. The stock slumped 1.4 percent to 1,232 yen.

Gree Inc. (3632 JT): The social-networking website operator said first-quarter net income jumped 74 percent to 3.7 billion yen on an 82 percent surge in sales. The stock rallied 6 percent to 1,077 yen.

Ito En Ltd. (2593 JT): The beverage maker’s first-half operating profit may have risen about 30 percent to nearly 12 billion yen, about 2 billion yen more than forecast, the Nikkei newspaper reported. The stock slid 1.4 percent to 1,275 yen.

Kyorin Holdings Inc. (4569 JT): The drugmaker’s first-half net income totaled 2.9 billion yen, beating its forecast by 71 percent, according to a preliminary earnings statement. The stock fell 0.4 percent to 1,251 yen.

Mabuchi Motor Co. (6592 JT): The maker of motors for digital-cameras said nine-month operating profit jumped to 5.53 billion yen from 534 million yen a year earlier on higher sales. The stock was unchanged at 4,265 yen.

Mitsubishi Materials Corp. (5711 JT): The non-ferrous metal maker may post first-half pretax profit of more than 30 billion yen, beating its 24 billion yen forecast, the Nikkei newspaper reported. The stock gained 1.2 percent to 255 yen.

Morinaga & Co. (2201 JT): The confectioner plans to spend about 10 billion yen to build a candy and chocolate factory in Gunma prefecture, near Tokyo. The stock fell 0.5 percent to 183 yen.

Nidec Corp. (6594 JO): The maker of disk-drive motors wants to buy the electric motor divisions of General Electric Co. and Robert Bosch GmbH, the Financial Times reported, citing Chief Executive Officer Shigenobu Nagamori. The stock lost 0.9 percent to 7,890 yen.

Nintendo Co. (7974 JO): The U.S. Supreme Court refused to revive a $21 million patent infringement verdict against a unit of Nintendo, the world’s biggest maker of video-game players. The stock slipped 0.7 percent to 20,700 yen.

Nippon Inter Electronics Corp. (6974 JT): Innovation Network Corp., a Japanese government-affiliated company, said in a statement on its website that it will spend 3.5 billion yen to acquire new shares of semiconductor-device maker, Nippon Inter Electronics Corp. Nippon Inter was unchanged at 114 yen.

Panasonic Electric Works Co. (6991 JT): The building- materials maker said it will acquire a semiconductor-material business from Cookson Singapore Pte to expand production capacity in Southeast Asia and increase sales. Panasonic Electric Works fell 1.1 percent to 1,045 yen.

Square Enix Holdings Co. (9684 JT): The maker of game software said in a preliminary earnings statement first-half net income amounted to 1.7 billion yen, short of its forecast by 29 percent, with less-than-expected sales. The stock dropped 0.7 percent to 1,672 yen.

Sharp Corp. (6753 JT): Japan’s largest maker of liquid- crystal displays had the outlook for its A2 credit rating cut to “negative” from “stable” by Moody’s Investors Service, which cited falling demand, stiffening competition and a strong yen. Sharp lost 5.4 percent to 752 yen.

Sony Corp. (6758 JT): The electronics maker aims to increase electronics sales in emerging economies by 30 percent in fiscal 2010, the Nikkei newspaper said, citing an interview with Chief Financial Officer Masaru Kato. The stock lost 1.5 percent to 2,651 yen.

Yokohama Rubber Co. (5101 JT): Japan’s third-biggest tiremaker by market value boosted its full-year net income forecast 44 percent to 11.5 billion yen, citing cost cuts. The stock fell 2.5 percent to 393 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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