Kirin, Nippon Paper, Mitsubishi, Rakuten: 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.

Daisyo Corp. (9979 JT): The Japanese pub chain said it will raise 2.85 billion yen ($35 million) by selling treasury shares to Suntory Beer & Spirits. Daisyo declined 3 percent to 1,110 yen.

Fuji Heavy Industries Ltd. (7270 JT): The carmaker’s operating profit for the fiscal year to March 31 will likely triple to about 80 billion yen, the Nikkei newspaper reported. That compares with Fuji Heavy’s earlier forecast of 70 billion yen, Nikkei said. The stock rose 0.7 percent to 681 yen.

Jafco Co. (8595 JT): The venture-capital company returned to a nine-month profit of 1.75 billion yen from a year-earlier loss. The stock fell 2.1 percent to 2,242 yen.

Kagome Co. (2811 JT): The ketchup maker boosted its full- year net income projection 5 percent to 4.2 billion yen. The stock slipped 0.9 percent to 1,504 yen.

Kirin Holdings Co. (2503 JT): The Japanese brewer and China Resources Holdings Co. plan to set up a venture this year, the Nikkei newspaper reported. Kirin spokesman Jun Sato said his company is not the source of the report, and no decision has been made on such a venture. Kirin lost 1.3 percent to 1,095 yen.

Kyocera Corp. (6971 JT): The maker of electronic components will increase solar-cell production at a plant in China to 360,000 kilowatts, six times the current level, the Sankei newspaper reported. The stock retreated 1 percent to 8,240 yen.

Misumi Group Inc. (9962 JT): The mail-order distributor of precision machine parts said sales in December rose 24 percent from a year earlier to 9.97 billion yen. The stock slumped 2.4 percent to 2,048 yen.

Mitsubishi Corp. (8058 JT): The trading company plans to produce liquefied natural gas in Indonesia through a joint venture with PT Pertamina and Korea Gas Corp., Nikkei English News reported. The stock dropped 4.5 percent to 2,273 yen.

Moresco Corp. (5018 JT): The maker of lubricating oil and paraffin products will sell as much as 662 million yen of new shares. Moresco also said the Tokyo Stock Exchange approved its move to the bourse’s first section from the second section as of Feb. 14. The stock slumped 3.1 percent to 911 yen.

Nippon Yusen K.K. (9101 JT): The shipping line’s current profit, or pretax profit from operations, probably rose 10-fold from a year earlier to 30 billion yen ($363 million) in the October to December period, the Nikkei newspaper reported. The stock declined 2.1 percent to 366 yen.

Nippon Paper Group Inc. (3893 JT) : The company plans to sell electric power generated from biomass to local governments and power companies in North America as early as next year, the Nikkei newspaper said. The stock declined 0.6 percent to 2,141 yen.

Okinawa Cellular Telephone Co. (9436 JQ): The mobile-phone company cut its full-year net income outlook to 5.4 billion yen from 5.7 billion yen. The stock slid 0.5 percent to 182,600 yen.

Rakuten Inc. (4755 JQ): The company’s operating profit probably rose 15 percent last year on higher internet-related sales, the Nikkei newspaper reported. The stock declined 1.1 percent to 72,500 yen.

Seven & I Holdings Co. (3382 JT): The owner of the 7-Eleven convenience-store brand and its group companies had their rating outlooks raised to “stable” from “negative” by Standard & Poor’s. Profitability at the group’s convenience stores is recovering, S&P said. Seven & I fell 0.1 percent to 2,149 yen.

Sony Corp. (6758 JT): The electronics maker will this year release a version of its PlayStation Portable game player that is compatible with NTT DoCoMo Inc.’s (9437 JT) mobile-phone network, the Nikkei newspaper reported. The report didn’t say if any agreement had been reached with NTT DoCoMo. Sony slid 3.7 percent to 2,827 yen. NTT DoCoMo declined 0.9 percent to 145,500 yen.

Takeda Pharmaceutical Co. (4502 JT), Astellas Pharma Inc. (4503 JT): Takeda is investing 5 billion yen in a facility to produce antibody drugs for clinical trials, the Nikkei newspaper reported. Astellas is spending 7 billion yen for a similar facility and plans to spend an additional 10 billion yen for eventual mass production, according to the report, which didn’t cite anyone. Takeda increased 0.1 percent to 3,970 yen. Astellas rose 0.3 percent to 3,140 yen.

Tokyo Dome Corp. (9681 JT) The operator of a baseball stadium and amusement centers reversed its full-year forecast to a net loss of 900 million yen from 900 million yen profit, citing higher costs and fewer events. It canceled plans to pay a full-year dividend of 5 yen. The stock slid 1.3 percent to 235 yen.

Tokai Tokyo Financial Holdings Inc. (8616 JT): The securities company reported preliminary nine-month profit of 3.21 billion yen, down from 5.49 billion yen a year earlier. The stock declined 4 percent to 290 yen.

Toyota Motor Corp. (7203 JT): The world’s biggest carmaker said it is adding offices in Texas and Florida to catch potential defects at an early stage. The stock declined 2.2 percent to 3,370 yen.

Yaskawa Electric Corp. (6506 JT): The maker of servomotors turned to nine-month net income of 4.32 billion yen from a year- earlier loss on a 41 percent surge in sales. The stock sank 3.4 percent to 830 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

To contact the editor responsible for this story: Nicolas Johnson at nicojohnson@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.