Elpida, Nikon, Nissan, Promise, Resona: 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.

Alfresa Holdings Corp. (2784 JT): The drug wholesaler said first-half net income more than doubled to 8.31 billion yen ($102 million) from 3.77 billion yen a year earlier. The stock rose 2.5 percent to 3,530 yen.

Asics Corp. (7936 JT): The sports-equipment maker cut its full-year net income forecast 13 percent to 10 billion yen, citing foreign exchange losses. The stock advanced 2.3 percent to 854 yen.

Autobacs Seven Co. (9832 JO): The autoparts retailer cut its full-year net income forecast 8.2 percent to 5.6 billion yen. The stock rose 1.5 percent to 3,070 yen.

Avex Group Holdings Inc. (7860 JT): The maker of CDs and DVDs boosted its full-year net income outlook 45 percent to 5.8 billion yen, citing lower promotion costs. The stock rose 0.2 percent to 1,192 yen.

Cosmo Oil Co. (5007 JT): The refiner posted a 76 percent plunge in first-half net income to 1.27 billion yen. The company boosted its operating profit outlook 18 percent to 74 billion yen. The stock gained 2.4 percent to 215 yen.

CSK Corp. (9737 JT): The computer-services company reversed its full-year forecast to net loss of 1.5 billion yen from a 500 million yen profit, citing costs for loan-loss reserves. The stock rose 1.1 percent to 268 yen.

Culture Convenience Club Co. (4756 JT): The video rental chain posted a 17 percent drop in first-half net income to 3.24 billion yen as sales declined. The stock rose 1.5 percent to 347 yen.

CyberAgent Inc. (4751 JT): The online advertising agency expects a 9.2 percent gain in net income to 6 billion yen this fiscal year on sales growth. The company also said it will buy back up to 3.33 percent of its outstanding shares. The stock rose 1.7 percent to 137,500 yen.

Don Quijote Co. (7532 JT): The discount retailer said first-quarter net income fell 14 percent to 3.09 billion yen. The company raised its first-half net income forecast 7 percent to 6.1 billion yen. The stock rose 1.2 percent to 2,211 yen.

Elpida Memory Inc. (6665 JT): The world’s third-largest maker of computer-memory chips had a return to first-half net income of 39.9 billion yen from a year-earlier loss, as sales jumped by 93 percent. Also, the chipmaker bailed out by the government last year said it plans to cut production of computer memory, citing an “abrupt” drop in prices. The stock rallied 5.1 percent to 803 yen.

Heiwa Corp. (6412 JT): The pachinko machine maker’s first- half net income more than tripled to 9.5 billion yen from 2.97 billion yen a year earlier, as sales doubled. The stock fell 0.5 percent to 1,023 yen.

Hitachi Zosen Corp. (7004 JT): The maker of industrial machinery said first-half net income fell 21 percent to 5.6 billion yen. The company boosted its full-year net income forecast 13 percent to 9 billion yen. The stock was unchanged at 115 yen.

Inpex Corp. (1605 JT): Japan’s biggest energy explorer said net income rose 6.3 percent to 50.6 billion yen in the six months to Sept. 30 from a year earlier. The stock advanced 2.6 percent to 430,500 yen.

Kakaku.com Inc. (2371 JT): The price-comparison website company raised its full-year operating profit outlook 8.7 percent to 7.5 billion yen. The stock advanced 1.9 percent to 408,000 yen.

Mitsumi Electric Co. (6767 JT): The electronic-component maker swung to a first-half net loss of 1.92 billion yen from a year-earlier profit. The company narrowed its full-year net loss forecast 1.5 billion yen from 3.7 billion yen. The stock gained 1.4 percent to 1,343 yen.

Nippon Sheet Glass Co. (5202 JT): The glassmaker turned to a first-half net income of 15 million yen from a year-earlier- loss. The stock rose 1.7 percent to 177 yen.

Nippon Shokubai Co. (4114 JT): The chemical maker boosted its full-year net income forecast by 29 percent to 15.5 billion yen on an increase in overseas demand. The stock gained 2.1 percent to 786 yen.

Nikon Corp. (7731 JT): The maker of cameras, lenses and chip-making equipment cut its full-year operating profit and revenue forecasts, citing a stronger yen. The stock rose 0.3 percent to 1,552 yen.

Nissan Motor Co. (7201 JT): Japan’s third-largest automaker raised its profit forecast after rising sales in Asia helped the company increase profit almost four times in the last quarter. The stock jumped 3.9 percent to 721 yen.

Promise Co. (8574 JT): The consumer lender posted a net loss in the fiscal first half as interest income declined after the government tightened credit rules. The stock rose 1.3 percent to 318 yen.

Resona Holdings Inc. (8308 JT): The lender may raise as much as 500 billion yen by selling new shares to repay government funds, Reuters reported, citing three people with knowledge of the matter. The stock rose 0.5 percent to 612 yen.

Sumitomo Heavy Industries Ltd. (6302 JT): The maker of heavy electric machinery raised its full-year net income outlook 21 percent to 20 billion yen. The stock increased 2.8 percent to 479 yen.

Toyota Motor Corp. (7203 JT): The world’s biggest automaker will recall about 135,600 vehicles in Japan and Europe to fix the cars’ electronic power steering system. The stock rose 2.3 percent to 2,910 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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