Acom, Canon, Lawson, Toshiba, Toyota: 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 net income for the March-November period increased 34 percent to 13.6 billion yen ($163 million) on a 12 percent gain in sales. The company also said it will pay a commemorative dividend of 10 yen in addition to the planned yearend dividend of 19 yen. The stock advanced 2 percent to 2,975 yen.

Acom Co. (8572 JT) and Promise Co. (8574 JT): Japan’s largest consumer lenders had their credit ratings downgraded by Standard & Poor’s based on accelerating loan declines and the risk of rising claims from borrowers for reimbursement of interest overpayments. Acom rose 0.2 percent to 1,115 yen. Promise advanced 0.7 percent to 554 yen.

Canon Inc. (7751 JT): The camera maker will spend up to 1 trillion yen for mergers and acquisitions by 2015 in the medical and robot industries, Kyodo News reported, citing an interview with Chairman Fujio Mitarai. The stock slid 1.4 percent to 4,155 yen.

Hokuto Corp. (1379 JT): The mushroom cultivator had 4.27 billion yen in sales in December on a parent basis, lower than the company’s target of 4.69 billion yen for the month. The stock gained 0.5 percent to 1,919 yen.

Izumiya Co. (8266 JT): The supermarket operator’s net loss for the nine months ended Nov. 30 narrowed to 401 million yen from 6.39 billion yen a year ago. The stock slid 0.6 percent to 343 yen.

JSR Corp. (4185 JT): The maker of synthetic resin said it will spend as much as 5.5 billion yen to buy back up to 1.23 percent of its outstanding shares. The stock gained 0.2 percent to 1,650 yen.

JX Holdings Inc. (5020 JT): Its unit JX Nippon Mining & Metals Corp. will spend 9.2 billion yen for a facility to make positive-electrode materials used in lithium-ion batteries, as demand for electric cars is expected to increase, the Nikkei newspaper reported. The stock slid 0.4 percent to 576 yen.

Lawson Inc. (2651 JT): Japan’s second-largest convenience- store operator had 20.8 billion yen in net income for the March- November period, up 5 percent from a year earlier. Sales dropped 2.5 percent. The stock increased 0.5 percent to 4,030 yen.

Mochida Pharmaceutical Co. (4534 JT): The drugmaker will repurchase up to 1.1 percent of its outstanding shares for as much as 1.15 billion yen. The stock rose 0.5 percent to 880 yen.

Nippon Building Fund Inc. (8951 JT): The real estate investment trust plans to raise as much as 29.3 billion yen by selling as many as 36,500 shares to the public, according to a filing with Japan’s finance ministry. The stock slid 0.5 percent to 825,000 yen.

OSG Corp. (6136 JT): The maker of machine tools forecast full-year net income will increase 38 percent to 5.2 billion yen. Profit for the year ended Nov. 30 totaled 3.77 billion yen, compared with a loss of 3.77 billion yen a year ago. The stock rose 0.1 percent to 978 yen.

Saizeriya Co. (7581 JT): The Italian-food restaurant chain’s net income for the three months ended Nov. 30 declined 53 percent to 933 million yen as sales dropped. The stock increased 1.3 percent to 1,686 yen.

Sugi Holdings Co. (7649 JT): The drugstore chain said net income for the nine months to Nov. 30 gained 63 percent to 6.18 billion yen on a 2.7 percent increase in sales. The stock rose 0.7 percent to 1,965 yen.

Toho Co. (9602 JT): The movie maker reported a 31 percent increase in net income to 9.93 billion yen for the nine months to Nov. 30. The company said it will spend as much as 3 billion yen to repurchase up to 0.54 percent of its outstanding shares. The stock gained 0.4 percent to 1,356 yen.

Toray Industries Inc. (3402 JT): The textile maker will invest 16 billion yen to expand a carbon-fiber plant in Japan, according to a statement on its website. The company will begin production at the factory in Ehime, southern Japan, in September 2012, according to the document. The stock rose 2.2 percent to 515 yen.

Toshiba Corp. (6502 JT): The electronics maker will invest 100 billion yen by fiscal year 2012 to upgrade its accounting and inventory computer systems, the Nikkei newspaper reported. The stock rose 1.3 percent to 480 yen.

Toyota Motor Corp. (7203 JT): The world’s biggest carmaker agreed to pay $35 million to settle a lawsuit that alleged the automaker and a dealer association worked together to prevent the export of cheaper cars from the U.S. to Canada, the law firm Berman DeValerio said. The stock was unchanged at 3,455 yen.

Ube Industries Ltd. (4208 JT): The chemical products maker will probably report 40 billion yen in operating profit for the fiscal year ending in March, beating its 36 billion yen forecast, the Nikkei newspaper reported. The stock was unchanged at 242 yen.

To contact the reporters on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net; Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

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

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