Aeon, FamilyMart, Resona, Ryohin Keikaku: Japan Equity Preview

The following companies may have unusual price changes in Japanese trading on Jan. 11, when markets re-open after a holiday on Jan. 10. 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.

Aeon Co. (8267 JT): Japan’s second-largest retailer by market value booked net income of 49.1 billion yen for the March-November period, compared with a loss of 9.93 billion yen a year earlier. The stock gained 0.3 percent to 1,021 yen.

Daiei Inc. (8263 JT): The retailer had a net loss of 4.7 billion yen for the nine months ended Nov. 30, compared with a loss of 6.67 billion yen a year earlier. The stock declined 2.1 percent to 327 yen.

Elpida Memory Inc. (6665 JP): the world’s third-largest maker of computer memory chips is in talks with Taiwanese chipmakers Powerchip Technology Corp. and ProMOS Technologies Inc. to merge into a holding company formed out of Elpida’s local unit, the Yomiuri newspaper reported, without identifying the source of its information. The Nikkei newspaper reported Elpida may report an operating loss of more than 20 billion yen ($241 million) in the three months ended Dec. 31 as computer memory prices declined. Elpida rose 0.7 percent to 1,041 yen.

FamilyMart Co. (8028 JT): The convenience-store chain said it will buy am/pm Kansai from Kappa Create Co. (7421 JT), a sushi restaurant chain. FamilyMart reported a 17 percent increase in nine-month net income to 16.4 billion yen on a 14 percent gain in sales. FamilyMart slid 0.7 percent to 3,065 yen. Kappa Create rose 0.2 percent to 1,995 yen.

Hitachi High-Technologies Corp. (8036 JT): The trading company may report operating profit rose 10-fold to 4 billion yen in the three months ended Dec. 31, as demand for smartphones drove orders for semiconductor equipment, the Nikkei newspaper said, without citing anyone. Shares rose 0.1 percent to 1,946 yen.

Hitachi Zosen Corp. (7004 JT): The industrial-machinery maker has received international orders for tunneling machinery from places including Hong Kong and Singapore worth as much as 4.5 billion yen, the Nikkei newspaper reported. The stock was unchanged at 125 yen.

Musashino Bank Ltd. (8336 JT): The regional bank said Bank of Tokyo-Mitsubishi UFJ Ltd. and four other shareholders plan to sell 1.8 million shares in Musashino Bank to the public. The stock fell 0.7 percent to 2,518 yen.

Nidec Corp. (6594 JO): The world’s biggest maker of motors for hard-disk drives said it will set up a research laboratory in Kawasaki, Japan. The stock rose 2 percent to 8,770 yen.

Nintendo Co. (7974 JO): The company’s warning last month against young children using the 3-D functions of its new handheld game machine is a precautionary measure and doesn’t mean the product is dangerous, President Satoru Iwata said in an interview with The Wall Street Journal. The stock gained 0.6 percent to 23,620 yen.

Nippon Steel Corp. (5410 JP): Japan’s largest steel- producer has agreed with some customers on a price increase of 4 percent in the six months ending March, compared with the first half of the fiscal year, the Nikkei newspaper said, without saying how it got the information. Shares declined 1.4 percent to 292 yen.

Onward Holdings Co. (8016 JT): The apparel maker said net income for the nine months ended Nov. 30 jumped 74 percent from a year earlier to 4.69 billion yen. The stock dropped 0.4 percent to 717 yen.

OSG Corp. (6136 JT): The maker of machine tools had 608 million yen in full-year net income on a parent basis, falling short of the company’s forecast by 11 percent, according to a preliminary earnings statement. It cited a one-time loss for the result. The stock dropped 1.3 percent to 977 yen.

Resona Holdings Inc. (8308 JT): Japan’s fourth-largest bank will raise as much as 575 billion yen selling shares in a global public offering this month to repay government bailout funds, the bank said in a filing to the Finance Ministry. The stock retreated 4 percent to 523 yen.

Ricoh Co. (7752 JT): the maker of office equipment may report operating profit between 23 billion yen ($277 million) and 24 billion yen for the three months ended Dec. 31, unchanged from a year earlier, as the yen’s rise and higher sales costs restrained growth, the Nikkei newspaper reported, without saying where it got the information. Ricoh declined 1 percent to 1,196 yen.

Ryohin Keikaku Co. (7453 JT): The operator of the Muji retail chain had a 15 percent decline in its operating profit for the March-November period to 10.4 billion yen. The stock advanced 2.3 percent to 3,550 yen.

Start Today Co. (3092 JT): The operator of clothes-shopping websites said sales of its e-commerce business totaled 6.66 billion yen in December, up 60 percent from a year earlier. The stock climbed 2.4 percent to 346,000 yen.

Toho Holdings Co. (8129 JT), Itochu Corp. (8001 JT): The companies will jointly form a venture with China’s drug wholesaler Jointown Pharmaceutical Group Co. (600998 CH) to sell Japanese drugs and medical equipment in China, the Nikkei newspaper reported. Toho lost 0.2 percent to 1,142 yen. Itochu declined 0.6 percent to 869 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.

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