Astellas, Casio, Hitachi, Kubota, Suzuki, Tokyo Electron: Equity Preview

The following companies may have unusual price changes in Japanese trading today, when markets re-open after a public holiday yesterday. 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.

ABC-Mart Inc. (2670 JT): The shoe retailer said same-store sales in October jumped 14.9 percent from a year earlier, aided by higher customer traffic. The stock climbed 2.2 percent to 2,804 yen.

Aoyama Trading Co. (8219 JT): The apparel retailer reduced its annual net income forecast 37 percent to 4.6 billion yen ($57 million) as it plans to take a currency-derivative charge. The stock fell 0.7 percent to 1,271 yen.

Astellas Pharma Inc. (4503 JT): Japan’s second-biggest drugmaker will retain about 300 staff from the OSI Pharmaceuticals Inc. unit it bought earlier this year, Chief Executive Officer Masafumi Nogimori said at a post-earnings briefing in Tokyo. Astellas has about 500 OSI staff, he said. Astellas slipped 0.1 percent to 2,996 yen.

Casio Computer Co. (6952 JT): The electronics maker had first-half net income of 2.56 billion yen following a net loss a year earlier. The stock declined 1.1 percent to 558 yen.

Daikyo Inc. (8840 JT): The property developer said in a preliminary earnings statement first-half net income amounted to 3.3 billion yen, beating its forecast of 300 million yen, with higher-than-expected sales and lower administration costs. The stock lost 0.9 percent to 117 yen.

Elpida Memory Inc. (6665 JT): The maker of computer memory chips plans to cut DRAM production for the first time in two years because of falling prices of memory chips, the Nikkei newspaper reported. The stock tumbled 5.1 percent to 764 yen.

Fast Retailing Co. (9983 JT): Japan’s biggest clothing retailer posted a 1.1 percent decline in October domestic sales at its Uniqlo chain. The stock rallied 2.8 percent to 10,820 yen.

Fancl Corp. (4921 JT): The maker of cosmetics and nutritional supplements slashed its full-year net income projection by 43 percent to 2.5 billion yen, citing charges for store closures and reorganizations in its production units. The stock slumped 1.2 percent to 1,231 yen.

Foster Electric Co. (6794 JT): The speaker maker said first-half net income fell 9 percent to 2.3 billion yen, citing higher materials costs and production delays stemmed from parts shortfalls. The stock sank 6.2 percent to 1,734 yen.

Funai Electric Co. (6839 JO): The maker of audio-visual equipment cut its full-year net income outlook by 29 percent to 7.1 billion yen, citing higher price competitions for LCD televisions. The stock sank 3.4 percent to 2,396 yen.

Hitachi Ltd. (6501 JT): The industrial group with more than 900 units covering nuclear reactors to financial services said it’s preparing for a U.S. initial public offering of its hard- disk-drive unit. Also, Hitachi had first-half net income of 158 billion yen following a net loss a year earlier. The stock was unchanged at 364 yen.

Honda Motor Co. (7267 JT): The automaker plans to start making hybrid vehicles in China as early as 2012, the Nikkei newspaper reported. The stock fell 2.3 percent to 2,725 yen.

Ibiden Co. (4062 JT): The maker of ceramics and building materials said first-half net income rose 43 percent to 6.91 billion yen, with higher sales. The stock slid 0.5 percent to 1,971 yen.

Idemitsu Kosan Co. (5019 JT): The oil refiner boosted its full-year net income projection to 26 billion yen from 10 billion yen expected previously as the stronger yen reduced its oil costs. The stock rose 0.3 percent to 6,730 yen.

Inpex Corp. (1605 JT): The energy explorer’s rights to develop oil fields in Abu Dhabi, which expire in 2018, will likely be renewed, the Nikkei newspaper reported, citing the chief executive officer of Abu Dhabi’s state-run oil firm. The stock rose 0.6 percent to 419,500 yen.

Kubota Corp. (6326 JT): Asia’s largest tractor maker said first-half net income rose 33 percent to 25.7 billion yen, buoyed by cost cuts. Also, Kubota President Yasuo Masumoto said a total of 145 former employees of the Japanese farm equipment maker had died of asbestos-related illnesses as of Sept. 30. The stock climbed 0.3 percent to 719 yen.

Minebea Co. (6479 JT): The ball-bearing maker raised its full-year net income forecast by 8 percent to 13.5 billion yen, with higher-than-expected sales. The stock dropped 2.3 percent to 429 yen.

Mitsubishi Motors Corp. (7211 JT): The automaker plans to take orders for electric vehicles at Japanese electronics stores operated by Yamada Denki Co. and Bic Camera Inc., the Nikkei newspaper reported. The stock slipped 1.1 percent to 94 yen.

Mitsubishi UFJ Financial Group Inc. (8306 JT): Japan’s biggest lender may buy project-finance assets from Royal Bank of Scotland Group Plc as Japan’s largest banks start deploying the $56 billion they’ve raised in share sales in the past two years. Mitsubishi UFJ was unchanged at 367 yen.

Mitsui OSK Lines Ltd. (9104 JT): The operator of the world’s largest merchant fleet ordered two 200,000-ton-class oil tankers from Mitsubishi Heavy Industries Ltd. (7011 JT) for 20 billion yen, the company’s first such order in more than two years as China increases oil imports, Nikkei English News reported on its website, without saying where it got the information. Mitsui O.S.K. fell 1 percent to 506 yen. Mitsubishi Heavy fell 1.1 percent to 279 yen.

Nippon Telegraph & Telephone Corp. (9432 JT): NTT Communications Corp., an international and long-distance service arm of NTT, will offer an Internet telephone service that allows corporate customers to communicate between their Japan and overseas offices from December, the Sankei newspaper reported, without saying where it got the information. The stock fell 0.4 percent to 3,620 yen.

NTT Data Corp. (9613 JT): The network-services company cut its full-year net income projection by 22 percent to 36.5 billion yen, citing lower-than-expected sales from the stronger yen. The stock lost 0.9 percent to 248,000 yen.

Orix Corp. (8591 JT): The financial-services company said first-half net income jumped 69 percent to 34.1 billion yen. The stock fell 0.6 percent to 7,160 yen.

Panasonic Corp. (6752 JT): The electronics maker is creating a car battery partnership with Tesla Motors Inc., Nikkei English News reported. The stock fell 0.4 percent to 1,139 yen.

Softbank Corp. (9984 JT): Japan’s only provider of Apple Inc.’s iPhone will sell 3-D mobile phones built by Sharp Corp. by the end of December, the Asahi newspaper reported, without saying where it obtained the information. Softbank was unchanged at 2,524 yen.

Suzuki Motor Corp. (7269 JT): Japan’s second-largest minicar maker raised its full-year forecast for net income by 17 percent to 35 billion yen because of higher sales in Asia. The stock advanced 1.1 percent to 1,971 yen.

Taiyo Nippon Sanso Corp. (4091 JT): The industrial-gas producer said in a preliminary earnings statement first-half net income totaled 10.2 billion yen, beating its forecast by 28 percent. The stock dropped 1.4 percent to 650 yen.

Tokyo Broadcasting System Holdings Inc. (9401 JT): The television broadcaster said first-half operating profit declined 36 percent to 1.89 billion yen, with falling sales. The stock gained 3.5 percent to 996 yen.

Tokyo Electron Ltd. (8035 JT): The world’s second-largest maker of semiconductor equipment increased its profit and dividend forecasts after second-quarter net income beat analyst estimates. The stock lost 0.3 percent to 4,530 yen.

Toyota Motor Corp. (7203 JT): The automaker’s October U.S. vehicle sales fell 4.4 percent on an unadjusted basis. The average estimate of analysts surveyed by Bloomberg was for a decline of 5.6 percent. The information was disclosed in an e- mailed statement. The stock rose 1.1 percent to 2,844 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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