NTT, Fujitsu, Point, Seven & I, 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.

All Nippon Airways Co. (9202 JT): The carrier will seek to increase revenue from international routes to 500 billion by fiscal 2015, almost double the current amount, the Nikkei newspaper said. The stock was unchanged at 295 yen.

Brother Industries Ltd. (6448 JT): The office-equipment maker will set aside 150 billion yen for mergers and acquisitions over the next five years, the Nikkei newspaper reported. The stock advanced 1.3 percent to 1,305 yen.

Eisai Co. (4523 JT): The drugmaker will tie up with France’s Sanofi-Aventis SA to produce and sell vaccines globally, the Nikkei newspaper said. Eisai rose 1.3 percent to 3,095 yen.

Fujitsu Corp. (6702 JT), Dai Nippon Printing Co. (7912 JT): Fujitsu will enter the electronic-book market in Japan this year through a tie-up with Dai Nippon Printing, according to the Nikkei newspaper. Fujitsu slid 1.3 percent to 545 yen. Dai Nippon Printing rose 0.9 percent to 1,111 yen.

Idemitsu Kosan Co. (5019 JT): Japan’s third-biggest oil refiner by capacity said it will pay a commemorative dividend of 50 yen per share to mark its 100th anniversary, boosting its planned dividend for the second half period to 125 yen from 75 yen. The stock gained 2.3 percent to 9,850 yen.

Industrial & Infrastructure Fund Investment Corp. (3249 JT): The real-estate investment trust said it will sell shares to the public for 405,945 yen each. The stock declined 1.1 percent to 418,500 yen.

Maspro Denkoh Corp. (6749 JT): The maker of television antennas raised its planned second-half dividend to 24.5 yen per share from 8.5 yen per share. The stock was unchanged at 828 yen.

Nippon Telegraph & Telephone Corp. (9432 JT): Japan’s biggest telecommunications company expects to add 2.1 million subscribers to its fiber-optic service in the fiscal year starting April 1, according to statements from its two regional units. The company lowered the target for the current fiscal year to 1.9 million from 2.1 million. The stock rose 2 percent to 4,070 yen.

Point Inc. (2685 JT): The apparel chain said same-store sales in February fell 1.9 percent in Japan from the same month a year earlier. The stock increased 1 percent to 3,960 yen.

Seven & I Holdings Co. (3382 JT): The operator of supermarkets and convenience stores will raise its stake in Tower Records Japan to 44.6 percent, becoming the biggest shareholder, the Nikkei newspaper said. The stock gained 2.2 percent to 2,328 yen.

Shinsei Bank Ltd. (8303 JT): The lender had the rating of its preferred securities raised to B by Standard & Poor’s, which said in a report that Shinsei Bank is now more likely to pay dividends on the securities. The stock soared 7.7 percent to 112 yen.

Tomoe Engineering Co. (6309 JT): The maker of chemical materials raised its first-half net income outlook 29 percent to 980 million yen ($12 million). The stock slipped 0.3 percent to 1,445 yen.

Toyota Motor Corp. (7203 JT): The world’s biggest carmaker said it is recalling some vehicles in Taiwan due to problems with their automatic windows. Also, Toyota Motor said its February U.S. vehicle sales rose 42 percent. The average estimate of analysts surveyed by Bloomberg was for an increase of 27 percent. The stock climbed 0.9 percent to 3,855 yen.

United Urban Investment Corp. (8960 JT): The real-estate investment trust plans to raise as much as 64.9 billion yen by selling shares to the public, according to a filing with Japan’s finance ministry. The stock gained 0.1 percent to 107,300 yen.

To contact the reporter on this story: 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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