Fuji Heavy, Hakuhodo, Inpex, NTT, Sanrio: 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.

Alfresa Holdings Corp. (2784 JT): The drug wholesaler cut its net income forecast for the year ending March 31 by 30 percent to 9.9 billion yen ($121.3 million). The stock rallied 1.6 percent to 3,230 yen.

Art Corp. (9030 JT): The moving-services provider will be taken over in a management buyout for 1,800 yen a share. The stock slid 0.2 percent to 1,294 yen.

Credit Saison Co. (8253 JT): The consumer lender boosted full-year net income 38 percent to 16.5 billion yen. The stock advanced 1.1 percent to 1,467 yen.

Ebara Corp. (6361 JT): The pump maker projected full-year net income will more than double to 11 billion yen. That’s 22 percent higher than what it had earlier forecast. The company said it will pay a full-year dividend of 5 yen. The stock increased 0.5 percent to 394 yen.

Fuji Heavy Industries Ltd. (7270 JT): The carmaker forecast full-year net income will reach 63 billion yen, up 26 percent from its earlier projection. The stock gained 0.9 percent to 752 yen.

Hakuhodo DY Holdings Inc. (2433 JT): Japan’s second-largest advertising company said it will have 4.5 billion yen in net income for the year ending March 31, compared with its earlier break-even forecast. The stock rose 0.7 percent to 4,795 yen.

Inpex Corp. (1605 JT): Japan’s biggest energy explorer raised its full-year net income forecast to 120 billion yen from 102 billion yen, it said in a statement. The stock retreated 1.5 percent to 538,000 yen.

Kubota Corp. (6326 JT): The farm-equipment maker booked 44.1 billion yen in net income for the April-December period, up 43 percent from a year ago. The company said it will pay a full- year dividend of 14 yen. The stock climbed 1.8 percent to 861 yen.

Mitsui Engineering & Shipbuilding Co. (7003 JT): The ship engine maker booked 13.3 billion yen in net income for the April-December period, down 24 percent from a year ago, as sales fell. The stock increased 1.3 percent to 232 yen.

Mitsui Fudosan Co. (8801 JT): Japan’s largest property developer by sales said net income fell 34 percent to 33.8 billion yen in the nine months ended Dec. 31 from a year ago as revenue declined. The stock slid 0.1 percent to 1,699 yen.

Mitsubishi Motors Corp. (7211 JT): The maker of the i-MiEV electric car will start building the Outlander sport-utility vehicle at its Illinois plant in mid-2012 as it plans to overhaul the factory. The stock gained 0.9 percent to 117 yen.

Nidec Corp. (6594 JO): The world’s biggest maker of motors for hard-disk drives said it will repurchase as much as 3,000,000 shares, or 2.07 percent of total, with as much as 25 billion yen between Feb. 7, 2011 and Feb. 6, 2012. The stock dropped 0.9 percent to 7,870 yen.

Nissan Motor Co. (7201 JT): The automaker said bottlenecks in the quality assurance process are delaying Leaf electric car deliveries to U.S. customers, the Financial Times reported, citing the company. The stock increased 0.6 percent to 867 yen.

NSK Ltd. (6471 JT): The bearing maker increased full-year net income forecast to 25 billion yen from 22.5 billion yen. The stock rose 1.9 percent to 808 yen.

Nippon Telegraph and Telephone Corp. (9432 JT): The provider of telecommunications services reported a 12 percent increase in net income to 1.07 trillion yen for the nine months to Dec. 31. The stock was unchanged at 3,840 yen.

O-M Ltd. (6213 JT): Daiwabo Holdings Ltd. (3107 JT), a textile maker, plans to pay as much as 12.2 billion yen for O-M, which makes automatic packaging equipment. Daiwabo offered 540 yen a share, according to a statement to the Tokyo Stock Exchange. O-M rose 1.9 percent to 375 yen. Daiwabo gained 1.4 percent to 216 yen.

Sanrio Co. (8136 JT): The company, which sells Hello Kitty character goods, increased full-year net income forecast 13 percent to 7 billion yen. The company also raised the planned full-year dividend to 20 yen from 15 yen. The stock gained 0.3 percent to 2,305 yen.

Sapporo Holdings Ltd. (2501 JT): The maker of Yebisu beer plans to make closely held beverage maker Pokka Corp. a unit by increasing its stake from 20 percent, the Nikkei newspaper reported, without saying where it obtained the information. The stock increased 6.2 percent to 377 yen.

Sega Sammy Holdings Inc. (6460 JT): The maker of video-game and pachinko machines said net income for the April-December period more than doubled to 36.8 billion yen from 16.9 billion yen a year ago. The stock rose 1 percent to 1,744 yen.

Shizuoka Bank Ltd. (8355 JT): The regional bank posted a 24 percent gain in net income to 29.8 billion yen for the April- December period. Revenue fell 3.7 percent. The stock gained 1.6 percent to 771 yen.

Toshiba Corp. (6502 JT): The company is close to reaching an agreement to build a nuclear power plant in Turkey, the Financial Times reported, citing company president Norio Sasaki. The stock advanced 0.6 percent to 517 yen.

Toyota Motor Corp. (7203 JT): The world’s biggest carmaker expects to operate at 100 percent of the capacity at its U.S. assembly plants this year, Bob Carter, group vice president for the automaker’s U.S. sales, said. The stock climbed 0.6 percent to 3,460 yen.

Ube Industries Ltd. (4208 JT): The chemical products maker said net income jumped to 15 billion yen in the nine months ended Dec. 31 from 5.36 billion yen a year earlier. The stock advanced 1.5 percent to 265 yen.

Zeon Corp. (4205 JT): The maker of synthetic rubber will start making carbon nanotubes within a few months on a test basis using technology that slashes costs to one-thousandth their current level, the Nikkei newspaper reported, without saying where it got the information. The stock rose 3.5 percent to 769 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.

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