Fuji Heavy, NEC, Toshiba, Toyota, Tepco: 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.

Arisawa Manufacturing Co. (5208 JT): The processor of industrial materials widened its full-year net loss forecast to 2.16 billion yen ($27 million) from 50 million yen, citing writedowns and foreign-exchanges losses. The stock increased 2.4 percent to 420 yen.

Askul Corp. (2678) (2678 JT): The distributor of office equipment said nine-month net income plunged 55 percent to 1.13 billion yen. The stock slid 1.5 percent to 1,218 yen.

Celsys Inc. (3829) (3829 JT): The software maker said it plans to raise as much as 358.7 million yen by selling shares to the public. The stock retreated 3.5 percent to 112,000 yen.

Fuji Heavy Industries Ltd. (7270) (7270 JT): The maker of Subaru brand vehicles extended closures of the five plants in Gunma prefecture north of Tokyo to March 28 from March 24. The stock sank 3.3 percent to 528 yen.

Hino Motors Ltd. (7205) (7205 JT): The automaking affiliate of Toyota Motor Corp. said it will halt the production of Toyota vehicles until April 1. Hino rose 2.1 percent to 396 yen.

Honda Motor Co. (7267 JT): Japan’s second-largest carmaker by market value extended closures at its two car assembly factories until April 3. Honda also said its research and development center in Tochigi, where the impact of the earthquake was most severe for the automaker, will take several months to fully recover. The stock lost 2.6 percent to 3,010 yen.

Iseki & Co. (6310 JT): The maker of farm machinery decided to cancel a previously planned annual dividend of 1 yen per share. The stock fell 2.1 percent to 189 yen.

Kao Corp. (4452) (4452 JT): Japan’s largest maker of household products resumed full production at its Sakata and Kawasaki factories and partial production at its Tochigi plant, after four facilities were shut after the March 11 earthquake. The stock slipped 0.5 percent to 2,053 yen.

NEC Corp. (6701) (6701 JT): Japan’s biggest maker of personal computers said it won’t pay a full-year dividend, citing expected losses from the March 11 earthquake. NEC paid a dividend of 4 yen per share a year earlier. The stock fell 1.6 percent to 181 yen.

Nippon Telegraph & Telephone Corp. (9432) (9432 JT): NTT Group says its companies have been steadily restoring services centered in Japan’s Tohoku region that were disrupted by a March 11 earthquake. The stock slid 1.2 percent to 3,675 yen.

Nippon Television Network Corp. (9404) (9404 JT): The commercial- television broadcaster raised its planned second-half dividend to 200 yen per share from 90 yen per share. The stock declined 2.3 percent to 11,850 yen.

Nishi-Nippon Railroad Co. (9031 JT): The train operator raised its full-year net income outlook 32 percent to 4.9 billion yen, citing lower tax payments from a subsidiary’s liquidation. The stock was unchanged at 352 yen.

Seiko Holdings Corp. (8050) (8050 JT): The maker of watches and clocks said it expects its watch sales to decline about 20 percent in the fiscal year ending March 2012 as a March 11 earthquake in Japan weighs on demand. The stock fell 1.4 percent to 276 yen.

Showa Denko K.K. (4004 JT): The chemical maker said it will set up a venture in August with a unit of Nippon Steel Corp. (5401) (5401 JT), Japan’s biggest steelmaker, to produce and sell products such as benzene. Showa Denko rose 0.6 percent to 163 yen. Nippon Steel retreated 2.6 percent to 262 yen.

Tokyo Electric Power Co. (9501 JT): The two workers who were sent to the hospital after being exposed to radiation at the Fukushima Dai-Ichi No. 3 reactor may have burns caused by beta rays, Kyodo News reported, citing plant operator Tokyo Electric Power Co. Tokyo Electric, Asia’s largest utility, plunged 14 percent to 902 yen.

Toshiba Corp. (6502) (6502 JT): Japan’s biggest maker of nuclear reactors plans to pay a second-half dividend of 3 yen per share to shareholders registered as of March 31. Toshiba plans a full- year dividend payout of 5 yen. The company paid no dividend a year earlier. The stock advanced 0.8 percent to 405 yen.

Toyota Motor Corp. (7203) (7203 JT): The world’s biggest carmaker will resume production of hybrid models in Japan on March 28, spokesman Paul Nolasco said by phone. The stock retreated 2.7 percent to 3,215 yen.

Unihair Co. (8170 JT): The wig-maker said it plans to cut 400 jobs by offering buyout packages. The stock slumped 1.5 percent to 913 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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