Nippon Steel, Shinsei, Softbank, Sony: 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.

Bank of Yokohama Ltd. (8332 JT): The regional bank said its net income for the April-December period increased 60 percent to 33.1 billion yen ($405 million). The stock gained 0.5 percent to 418 yen.

Cosmo Oil Co. (5007 JT): The refiner 21 percent owned by the government of Abu Dhabi said its unit was awarded a concession right and extended rights to three oil fields. The stock retreated 1.1 percent to 271 yen.

Culture Convenience Club Co. (4756 JT): The video-rental chain will be taken over in a management buyout for 600 yen a share. The company halved the planned annual dividend to 5 yen. The stock climbed 2 percent to 461 yen.

Dai Nippon Printing Co. (7912 JT): The printing company reported a 32 percent gain in net income to 25.8 billion yen for the nine months ended Dec. 31. The stock slid 0.1 percent to 1,131 yen.

Hankyu Hanshin Holdings Inc. (9042 JT): The rail, retail and property group said net income rose 88 percent to 25.6 billion yen in the nine months to Dec. 31, compared with a year earlier. The stock gained 0.5 percent to 382 yen.

Hitachi Ltd. (6501 JT): Japan’s third-largest company by revenue raised its net-income forecast for the year ending March 31 to 230 billion yen from 200 billion yen. The stock increased 0.6 percent to 473 yen.

IHI Corp. (7013 JT): The heavy-machinery maker won an order worth more than 10 billion yen for a floating oil-storage facility in the Gulf of Thailand from a group led by Chevron Corp. (CVX US), the Nikkei newspaper reported. IHI dropped 1 percent to 195 yen.

Itochu Corp. (8001 JT): The trading firm received an order worth about 25 billion yen to supply four crude oil tankers to Venezuela, the Nikkei newspaper reported. Sumitomo Heavy Industries Ltd. (6302 JT) will make the tankers, according to the report. Itochu fell 1 percent to 897 yen. Sumitomo Heavy climbed 3.2 percent to 586 yen.

KDDI Corp. (9433 JT): Japan’s second-largest mobile-phone operator will cut access fees to its mobile network by 27.3 percent, following a cut of up to 35.6 percent by NTT DoCoMo Inc. (9437 JT), the Nikkei newspaper reported, citing the company. Softbank Corp. (9984 JT) plans to reduce its fees by a lesser amount, according to the report. KDDI slid 0.7 percent to 467,000 yen. NTT DoCoMo gained 0.6 percent to 148,600 yen.

Mazda Motor Corp. (7261 JT): Japan’s second-largest car exporter reported a third-quarter net loss of 2.7 billion yen, compared with a 4.4 billion yen profit a year earlier. The stock fell 2.5 percent to 238 yen.

Mitsubishi UFJ Financial Group Inc. (8306 JT): Japan’s largest bank by market value said net income rose to 551.8 billion yen in the nine months ended Dec. 31 from 217.1 billion yen a year earlier. The stock lost 1.8 percent to 436 yen.

Mitsui & Co. (8031 JT): The trading company will pay 12 billion yen for 5 percent of Lucite International Ltd. as part of a tie-up with Mitsubishi Chemical Holdings Corp. (4188 JT), the Nikkei newspaper reported. Mitsubishi Rayon Co. (3404 JP), a unit of the holding company, acquired Lucite for 130 billion yen in 2009, the report said. Mitsui rose 1.9 percent to 1,476 yen. Mitsubishi Chemical gained 0.7 percent to 606 yen.

Mitsumi Electric Co. (6767 JT): The electronic-parts maker widened its full-year net loss forecast to 3.9 billion yen from 1.5 billion yen after raw-material costs rose. The stock declined 1.9 percent to 1,355 yen.

Nikon Corp. (7731 JT): The camera maker said it turned to a net income of 20.3 billion yen in the nine months to Dec. 31 from a loss of 17.6 billion yen a year earlier. The stock retreated 1.7 percent to 1,980 yen.

Nippon Steel Corp. (5401 JT), Sumitomo Metal Industries Ltd. (5405 JT): The steelmakers said they will seek to merge by October next year. Nippon Steel increased 0.7 percent to 287 yen. Sumitomo Metal was unchanged at 193 yen.

Oriental Land Co. (4661 JT): The operator of Tokyo Disney Resort raised its full-year operating profit forecast 14 percent to 56.5 billion yen. The company will spend as much as 21 billion yen to buy back up to 3.3 percent of its outstanding shares. The stock increased 0.7 percent to 7,780 yen.

Sapporo Holdings Ltd. (2501 JT): Japan’s fourth-largest brewer said in a preliminary earnings statement net income more than doubled to about 10.7 billion yen for the year ended Dec. 31 from 4.5 billion yen in 2009. The stock slipped 0.3 percent to 355 yen.

Sharp Corp. (6753 JT): Japan’s largest maker of liquid- crystal displays posted net income of 21.8 billion yen in the nine months ended Dec. 31, compared with a loss of 8.6 billion yen a year earlier.

Sharp and Taiwan’s Chimei Innolux Corp. (3481 TT) will supply liquid-crystal display panels to each other in an agreement that will help Sharp lower production costs for smaller panels, the Nikkei newspaper said. The stock sank 3.1 percent to 835 yen.

Shinsei Bank Ltd. (8303 JT): The lender partly owned by J. Christopher Flowers raised its full-year net income forecast to 43 billion yen from a previous prediction of 12.5 billion yen. The stock advanced 2 percent to 102 yen.

Softbank Corp. (9984 JT): The exclusive provider of Apple Inc.’s (AAPL US) iPhone in Japan raised its annual profit forecast 20 percent to 600 billion yen, citing demand for the touch-screen smartphone. The stock fell 0.9 percent to 2,874 yen.

Sony Corp. (6758 JT): Japan’s biggest exporter of consumer electronics reported third-quarter profit that beat analysts’ estimates as it raised its forecast for compact camera sales. The stock gained 0.7 percent to 2,867 yen.

Sony Financial Holdings Inc. (8729 JT): The insurance and banking arm of Sony Corp. (6758 JT) projected a net income of 42 billion yen for the year ending March 31, up 5 percent from its earlier forecast. Sony Financial gained 0.7 percent to 305,500 yen.

Sumitomo Corp. (8053 JT): The trading company will spend 5 billion yen to start solar-power businesses in Italy, the Nikkei newspaper reported, without saying where it obtained the information. The stock rose 2.8 percent to 1,247 yen.

Takeda Pharmaceutical Co. (4502 JT): Asia’s biggest drugmaker said net income fell 17 percent in the nine months ended Dec. 31 to 215.5 billion yen as sales declined. The stock was unchanged at 4,010 yen.

Yamada Denki Co. (9831 JT): The electronics retailer reported a 76 percent jump in net income to 61.9 billion yen for the April-December period with a 12 percent increase in sales. The stock retreated 1.7 percent to 5,760 yen.

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

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

Bloomberg reserves the right to edit or 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.