Accordia, JGC, Seven & I, Yoshinoya: Japan Equity Preview

The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are from the previous 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 rose 2.2 percent in December from a year earlier, as sales per customer increased 2.2 percent. The stock dropped 1.2 percent to 2,869 yen.

Accordia Golf Co. (2131 JT): Goldman Sachs Group Inc., which owns about 45 percent of the golf course operator, plans to sell its stake, Accordia said in a statement. The stock lost 1 percent to 78,900 yen.

Aeon Delight Co. (9787 JT): The building-maintenance company booked a 14 percent increase in net income to 4.42 billion yen ($53 million) for the March-November period. Sales increased 11 percent. The stock rose 0.6 percent to 1,580 yen.

Arcs Co. (9948 JT): The operator of supermarkets and discount stores said net income for the nine months to Nov. 30 gained 16 percent to 4.04 billion yen on a 16 percent increase in sales. The stock rose 0.4 percent to 1,290 yen.

Fast Retailing Co. (9983 JT): Asia’s biggest clothing chain plans to invest as much as 300 billion yen over the next 10 years to strengthen its online-shopping services, the Sankei newspaper reported, citing an interview with President Tadashi Yanai. The stock slumped 5.1 percent to 12,400 yen.

Fuji Co. (8278 JT): The shopping-center chain said net income for the nine months ended Nov. 30 gained 26 percent to 446 million yen from a year earlier. The stock fell 2.1 percent to 1,696 yen.

JGC Corp. (1963 JT): The plant-engineering company said it will book a gain of 10.6 billion yen from a sale of shares in M. W. Kellogg Ltd. The stock rallied 0.9 percent to 1,819 yen.

Ministop Co. (9946 JT): The convenience-store chain said net income for the nine months to Nov. 30 increased to 3.55 billion yen from 1.47 billion yen a year earlier, as sales rose. The company raised the planned yearend dividend to 22 yen a share from 21 yen. The stock gained 0.6 percent to 1,408 yen.

Mitsui & Co. (8031 JT), Mitsubishi Corp. (8058 JT): The trading companies are considering joining a large-scale gas project being planned by the Russian government on Yamal Peninsula, the Yomiuri newspaper reported, without saying where it obtained the information. Mitsui climbed 2.7 percent to 1,427 yen. Mitsubishi rose 1.9 percent to 2,373 yen.

Penta-Ocean Construction Co. (1893 JT): The general contractor plans to raise up to 5.2 billion yen in a public share sale, according to a filing with Japan’s finance ministry. The stock advanced 1.4 percent to 145 yen.

Resona Holdings Inc. (8308 JT): The bank may sell as much as 600 billion yen in shares this month the Nikkei newspaper reported. The board will make a decision at a meeting today, according to the report. The stock surged 14 percent to 545 yen.

Seven & I Holdings Co. (3382 JT): The owner of the 7-Eleven convenience-store brand had 90.2 billion yen in net income for the nine months to Nov. 30, up 30 percent from a year earlier. The stock rallied 1.9 percent to 2,225 yen.

Sony Corp. (6758 JT): Howard Stringer, chief executive officer of the electronics maker, told CNBC that its 3-D Channel will be available in 2011. The stock advanced 1.5 percent to 3,010 yen.

Sumitomo Metal Industries Ltd. (5405 JT): The steel producer will fall short of its pretax profit forecast for the year through March, because of a loss of production at its Kashima steel plant and investment in Sumco Corp. (3436 JT), the Nikkei newspaper reported. Sumitomo Metal Industries was unchanged at 198 yen. Sumco jumped 3.9 percent to 1,241 yen.

Sumitomo Metal Mining Co. (5713 JT): Copper output by Japan’s second-biggest smelter of the metal may decline in the next fiscal year as it plans to shut its smelter for about two months for maintenance, according to the company. The stock climbed 0.9 percent to 1,436 yen.

Yoshinoya Holdings Co. (9861 JT): The restaurant chain that serves bowls of rice with stewed beef boosted its full-year net income forecast fivefold to 500 million yen, citing lower costs and improved profitability. The stock gained 0.1 percent to 102,200 yen.

To contact the reporter on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.