Mitsubishi UFJ, Seven & I, Tsuruha: Japan Equity Preview

The following companies may have unusual price changes in Japanese trading on March 28. 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.

Aeon Co. (8267 JT): Japan’s second-largest retailer said the March 11 earthquake had a “minor” impact on earnings. Same-store general merchandise sales rose 0.5 percent after the quake in areas of Japan not directly affected, President Motoya Okada told a news conference in Tokyo. The stock rose 0.9 percent to 944 yen.

Dydo Drinco Inc. (2590) (2590 JT): The company said drink sales in the month ended March 20 fell 11.3 percent from the same period a year earlier on a parent basis. The stock lost 2 percent to 3,235 yen.

Hamamatsu Photonics K.K. (6965 JT): The maker of electron tubes and semiconductors raised its planned first-half dividend to 22 yen from 20 yen. The stock rose 3.1 percent to 3,205 yen.

Hino Motors Ltd. (7205) (7205 JT): The truckmaker, an affiliate of Toyota Motor Corp. (7203) (7203 JT), said it will halt its Hamura factory until at least March 28. Hino Motors fell 2.3 percent to 387 yen. Toyota rose 1.9 percent to 3,275 yen.

Honda Motor Co. (7267 JT): The automaker said production in North America may be disrupted due to a shortage of parts after Japan’s record earthquake this month closed suppliers’ factories. The stock declined 1.1 percent to 2,978 yen.

Japan Tobacco Inc. (2914) (2914 JT): The world’s third-largest publicly traded cigarette maker said it will halt shipments between March 30 and April 10 because of damaged to plants in the magnitude-9.0 earthquake earlier this month. The stock rallied 3.1 percent to 314,000 yen.

Kintetsu Department Store Co. (8244 JO): Full-year net income totaled 1.7 billion yen ($21 million), 55 percent more than estimated, as advertising and other administration costs fell more than expected, the retailer said in a preliminary statement. The stock was unchanged at 168 yen.

Mazda Motor Corp. (7261) (7261 JT): The automaker suspended U.S. dealer orders for vehicles built at its two Japanese car factories because of supply disruptions caused by this month’s earthquake and tsunami, said Tim Gilman, a spokesman. The stock declined 3.3 percent to 174 yen.

Misumi Group Inc. (9962) (9962 JT): The mail-order distributor of precision machine parts said sales in February rose 17.5 percent from a year earlier to 10.4 billion yen. The stock rose 0.1 percent to 1,941 yen.

Mitsubishi UFJ Financial Group Inc. (8306) (8306 JT), Sumitomo Mitsui Financial Group Inc. (8316 JT), and Mizuho Financial Group Inc. (8411) (8411 JT): Japanese companies have sought a total of 2.6 trillion yen ($32 billion) in loans from the nation’s three biggest banks in the two weeks since the record March 11 earthquake, the Nikkei newspaper reported. Mitsubishi UFJ stock fell 0.5 percent to 390 yen. Sumitomo Mitsui Dropped 1.3 percent to 2,675 yen. Mizuho was unchanged at 148 yen.

Renesas Electronics Corp. (6723) (6723 JT): The electronic- components maker plans to resume work at its factory in Hitachinaka, Ibaraki prefecture, in July, the Nikkei newspaper reported, citing President Yasushi Akao. The stock rose 0.5 percent to 632 yen.

Seven & I Holdings Co. (3382 JT): Japan’s biggest retailer has about 95 percent of its 1,454 shops in quake-hit Tohoku and Ibaraki open, said Katsuhiko Shimizu, a spokesman for the company. The stock rose 0.6 percent to 2,029 yen.

Seika Corp. (8061) (8061 JT): The industrial-machinery trader said it will retire 3.65 percent of its total shares on March 29. The stock climbed 4.6 percent to 228 yen.

Sumitomo Metal Industries Ltd. (5405) (5405 JT): Japan’s third- largest steelmaker said it restarted the No. 1 blast furnace at its Kashima works, which was halted after Japan’s March 11 earthquake and tsunami. Both furnaces at the Kashima plant are operational, it said. The stock fell 0.6 percent to 179 yen.

Tamura Corp. (6768) (6768 JT), Koha Co. (6876 JQ): The maker of electronic components will pay 3.85 shares for each Koha share to make it a wholly owned subsidiary, the companies said in a joint statement. Separately, Tamura reversed its full-year forecast to a net loss of 100 million yen from 200 million yen profit. Tamura gained 2.8 percent to 224 yen. Koha, a maker of light-emitting diode parts, jumped 8.6 percent to 831 yen.

Tohoku Electric Power Co. (9501 JT): The utility said it’s strengthening preparations against disasters after Japan’s March 11 earthquake and tsunami crippled Tokyo Electric Power Co.’s Fukushima Dai-Ichi nuclear plant. Tohoku shares fell 6.2 percent to 846 yen.

Tokyo Gas Co. (9531 JT): Japan’s biggest natural-gas distributor raised its full-year net income outlook 38 percent to 98 billion yen, citing a gain from a real estate. The stock advanced 1.7 percent to 364 yen.

Tsuruha Holdings Inc. (3391) (3391 JT): Japan’s third-biggest drugstore chain by market value had to halt operations at 14 outlets in Tohoku and Ibaraki, said Hiroyuki Fukuuchi, a spokesman. The stock rose 2.3 percent to 3,625 yen.

Yasunaga Corp. (7271) (7271 JO): The maker of engine parts for automobiles and industrial machines increased its planned second-half dividend to 12 yen from 8 yen. The stock slumped 4.9 percent to 888 yen.

To contact the reporter on this story: Kathleen Chu in Osaka at Kchu2@bloomberg.net To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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