Asahi, Elpida, Isuzu, Mitsubishi, 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 as of the latest close. The information in each item was released after markets shut unless stated otherwise.

Aozora Bank Ltd. (8304 JT): The regional bank and Kirayaka Bank Ltd. will tie-up as part of Aozora’s strategy to expand ties with regional lenders, the Nikkei newspaper reported. The agreement will be announced today, according to the report. Aozora Bank rose 0.6 percent to 184 yen.

Asahi Breweries Ltd. (2502 JT): Japan’s largest brewer forecast 2011 net income will climb 7.4 percent to 57 billion yen ($693 million). Also, Asahi may spend 400 billion yen on acquisitions by 2012, President Naoki Izumiya said. The stock gained 1 percent to 1,576 yen.

Daikin Industries Ltd. (6367 JT): Japan’s largest air- conditioner maker said nine-month net income fell 38 percent to 11.8 billion yen, while operating profit in the period jumped 53 percent. The stock rose 0.3 percent to 2,929 yen.

DCM Holdings Co. (3050 JT): The home-center chain said it will cancel 1.3 percent of its shares. The stock jumped 3 percent to 523 yen.

Elpida Memory Inc. (6665 JT): The world’s third-largest maker of computer-memory chips plans to issue 10 million shares to First Commercial Bank Ltd. to raise 12.3 billion yen. First Commercial Bank will then sell the chipmaker’s Taiwan Depositary Receipts, according to a filing with Japan’s finance ministry. Elpida lost 2.4 percent to 1,261 yen.

Fujitsu Ltd. (6702 JT), Oracle Corp. Japan (4716 JT): The companies have agreed to develop faster Unix servers, the Nikkei newspaper reported. The development will boost processing speed by six times for servers that go on sale in 2012, and 15 times by 2014, the report said. Fujitsu, Japan’s biggest provider of computer services, rose 0.4 percent to 533 yen. Oracle, a software distributor, increased 0.5 percent to 3,805 yen.

Furukawa Electric Co. (5801 JT): The maker of wire and cable said nine-month operating profit almost tripled to 26.6 billion yen. The stock advanced 0.8 percent to 397 yen.

Hitachi Zosen Corp. (7004 JT): The industrial-machinery maker said nine-month net income fell 10 percent to 8.31 billion yen. The stock rose 0.8 percent to 130 yen.

Isuzu Motors Ltd. (7202 JT): Japan’s largest maker of light-duty trucks said reported nine-month net income of 47.1 billion yen, compared with a year-earlier net loss as sales jumped. The stock rose 0.3 percent to 391 yen.

Mitsubishi Corp. (8058 JT): The trading company said its Princes Ltd. unit will buy Premier Foods Plc’s canned-food business for 24 billion yen. Mitsubishi lost 0.1 percent to 2,360 yen.

Mitsubishi Materials Corp. (5711 JT): Japan’s third-largest copper producer slashed its full-year net income outlook 44 percent to 10 billion yen, while the company boosted its annual operating profit projection 20 percent. The stock gained 2.2 percent to 277 yen.

NHK Spring Co. (5991 JT): The autoparts maker said nine- month net income jumped to 15.3 billion yen from 5.84 billion yen a year earlier on a 20 percent rise in sales. The stock slipped 0.6 percent to 955 yen.

Nippon Shokubai Co. (4114 JT): The chemicals maker boosted its full-year net income forecast 23 percent to 19 billion yen on emerging-market demand. The stock slumped 0.6 percent to 936 yen.

Santen Pharmaceutical Co. (4536 JO): The maker of ophthalmic medicines plans to raise about 5.64 billion yen by selling treasury shares to the state-backed Development Bank of Japan, according to a filing with the nation’s finance ministry. Santen dropped 1.2 percent to 2,960 yen.

Secom Co. (9735 JT): The provider of security services said nine-month net income rose 20 percent to 47.8 billion yen. The stock gained 1.6 percent to 4,025 yen.

Secom Techno Service Co. (1742 JT): Secom Co. (9735 JT) plans to buy out Secom Techno Service for as much as 14.6 billion yen through a tender offer. Secom Techno lost 0.9 percent to 2,795 yen.

Shimano Inc. (7309 JO): The maker of bicycle equipment and fishing gear said it expects a 15 percent gain in net income to 22 billion yen this year. The stock increased 2.4 percent to 4,230 yen.

SMC Corp. (6273 JT): The maker of directional-control devices said nine-month net income jumped to 40.5 billion yen from 10.6 billion yen a year earlier, as sales soared by 59 percent. The company boosted its planned yearend dividend to 60 yen a share from 50 yen. The stock rose 0.1 percent to 14,740 yen.

Sumitomo Realty & Development Co. (8830 JT): Japan’s third- largest developer by market value said nine-month profit fell 6 percent as rental income declined after the company’s vacancy rate rose to the highest since at least 2004 in September. The stock declined 0.1 percent to 2,071 yen.

Taiyo Yuden Co. (6976 JT): The maker of electronic components swung to a nine-month net loss of 2.1 billion yen. Operating profit more than doubled to 10.2 billion yen in the nine months ended Dec. 31, Taiyo Yuden said in a release. The stock climbed 2.7 percent to 1,332 yen.

Tokyo Electric Power Co. (9501 JT): Asia’s biggest utility said it consumed 195,000 kiloliters of crude oil at its thermal power plants last month, up from 70,000 kiloliters a year earlier. The stock declined 0.4 percent to 2,055 yen.

Toppan Printing Co. (7911 JT): The printing company said nine-month net income jumped to 11 billion yen from 2.23 billion yen a year earlier. The stock advanced 0.5 percent to 770 yen.

Toyota Motor Corp. (7203 JT): The world’s largest automaker raised its full-year profit forecast as sales in emerging markets exceeded the company’s estimates. Separately, a U.S. investigation found unintended acceleration in Toyota vehicles was rooted in mechanical flaws rather than electronic defects. The stock was unchanged at 3,490 yen.

Yokogawa Electric Corp. (6841 JT): The maker of electronic measuring tools said nine-month net loss narrowed to 4.78 billion yen from 18.2 billion yen a year earlier. The stock climbed 2.8 percent to 740 yen.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net.

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

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