IHI, JX, Mitsubishi UFJ, Sony, 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 from the previous close. The information in each item was released after markets shut, unless stated otherwise.

Ain Pharmaciez Inc. (9627) : The drugstore operator said it reopened four of nine stores that as of March 22 had closed due to the March 11 earthquake. The company plans to reopen one more store, in Fukushima prefecture’s Iwaki city, today. The stock retreated 2.9 percent to 2,825 yen.

Disco Corp. (6146) : The maker of chip-manufacturing equipment said fourth-quarter sales increased 23 percent to 21.1 billion yen ($250 million) on a parent basis. The stock rose 0.4 percent to 5,700 yen.

Ezaki Glico Co. (2206) : The maker of candy and snacks will restart production at its Sendai plant on April 4 and at a plant in Nasu, north of Tokyo, on April 7. The stock retreated 2.6 percent to 941 yen.

Fast Retailing Co. (9983) : Asia’s biggest apparel chain said same-store sales at its Uniqlo casual clothing stores in Japan fell 10.5 percent from a year earlier in March. The stock advanced 2.7 percent to 10,690 yen.

H2O Retailing Corp. (8242) : The department store will spend 1 billion yen to raise its stake in EveryD.com Inc., an online food retailer, to 72.5 percent from 22.4 percent. H2O Retailing slipped 0.5 percent to 560 yen.

Honda Motor Co. (7267) : The third-largest Japanese automaker said its sales in the U.S. rose 23 percent last month to 133,650 Honda and Acura brand vehicles, trailing four analysts’ average estimate for a 24 percent gain. The stock dropped 2.4 percent to 3,050 yen.

House Foods Corp. (2810) : The food processor said it will book a charge of 1.54 billion yen because of devaluation of securities for the January-March period. The stock declined 3.5 percent to 1,312 yen.

IHI Corp. (9501) : The maker of heavy machinery plans to cooperate with Atlas Copco AB in selling industrial compressors, the Nikkei newspaper reported. IHI aims to double sales at its machine unit to 50 billion yen by 2014, the report said. The stock fell 0.5 percent to 202 yen.

Japan Tobacco Inc. (2914) : The world’s third-largest publicly traded cigarette company said it will resume shipments on April 11 as planned. The stock declined 1.7 percent to 295,500 yen.

JX Holdings Inc. (5020) : Japan’s biggest refiner aims to restart production by summer at the Kashima refinery of unit JX Nippon Oil & Energy Corp., according to a statement on its website. The stock rose 1.4 percent to 568 yen.

Kaneka Corp. (4118) : The maker of synthetic resin sued seven companies including Mitsubishi Gas Chemical Co. (4182) for patent infringement. Kaneka slid 0.5 percent to 576 yen. Mitsubishi Gas Chemical gained 1.2 percent to 604 yen.

Mitsubishi Chemical Holdings Corp. (4188) : Mitsubishi Chemical Corp., a unit of Mitsubishi Chemical Holdings, plans to begin sales of organic thin-film solar cells by the middle of 2012, the Nikkei newspaper reported. The stock rose 1 percent to 528 yen.

Mitsubishi UFJ Financial Group Inc. (8306) : Japan’s biggest publicly traded bank is mulling a sale of its stake in Singapore’s Kim Eng Holdings Ltd. to help compensate for losses at Mitsubishi UFJ Morgan Stanley, Nikkei said. The stock rose 1.6 percent to 390 yen.

Mitsui O.S.K. Lines Ltd. (9104) : The world’s largest merchant fleet operator said tests in Japan showed radiation levels on its MOL Presence container ship were “significantly lower” than results of similar checks in China. The stock fell 0.8 percent to 475 yen.

Nissan Motor Co. (7201) : The second-largest Japanese automaker increased deliveries 27 percent, topping four analysts’ average estimate of 16 percent. The company will halt some U.S. and Mexico factories for about a week this month after the March 11 earthquake delayed deliveries of parts, Kyodo News reported. The stock dropped 1.2 percent to 729 yen.

Organo Corp. (6368) : The maker of water-treatment equipment said it decided to resume operation at its factory in Iwaki, Fukushima prefecture, from April 6. The stock climbed 2 percent to 612 yen.

Oriental Land Co. (4661 JT): The operator of Tokyo Disney Resort said visits to its theme parks dropped 1.8 percent in the year ended in March, as it closed the parks after the earthquake. The stock fell 1.7 percent to 6,500 yen.

Point Inc. (2685) : The apparel chain said same-store sales in March fell 21.4 percent from a year earlier with a 28.3 percent drop in traffic. Average spending per customer rose 9.6 percent. The stock was unchanged at 3,480 yen.

Shinmaywa Industries Ltd. (7224) : The maker of dump trucks and cranes had a 2.2 billion yen net loss for the year ended March 31, missing its forecast of a 1 billion yen profit, according to a preliminary earnings statement that cited stagnant demand and a delay in manufacturing and delivery after the earthquake. The stock fell 2.6 percent to 342 yen.

Shizuoka Bank Ltd. (8355) : The regional bank said it will spend as much as 16 billion yen to repurchase up to 2.95 percent of its outstanding shares. The stock sank 0.9 percent to 682 yen.

Showa Sangyo Co. (2004) : The flour maker said it has already resumed operation at Kashima and Funabashi plants. The stock slipped 0.8 percent to 240 yen.

Sony Corp. (6758) : The electronics maker plans to release a tablet computer by the end of summer, the Nikkei newspaper reported, citing Chief Executive Officer Howard Stringer. The stock rose 0.3 percent to 2,672 yen.

Synergy Marketing Inc. (3859) : The consulting company plans to raise 1.28 billion yen by selling new and existing shares to the public, according to a filing with the finance ministry. The stock lost 3.9 percent to 3,425 yen.

Tokyo Electric Power Co. (7013) : Standard & Poor’s Ratings Services lowered its long-term and short-term ratings on Tokyo Electric to BBB+ and A-2, from A+ and A-1. The operator of the crippled Fukushima Dai-Ichi power station said contaminated water from the No. 2 reactor leaked into the sea. The stock declined 3.7 percent to 449 yen.

Toyota Motor Corp. (7203) : The world’s largest automaker said deliveries of Toyota, Lexus and Scion brands fell 5.7 percent to 176,222 vehicles. The drop was bigger than the 3.6 percent average estimate of four analysts. Separately, Toyota’s vehicle sales in China rose 37 percent from a year earlier to 84,000 units in March, the official Xinhua News Agency reported in a flash headline. The stock rose 0.2 percent to 3,355 yen.

Zensho Co. (7550 JT): The restaurant chain said 83 of its outlets were closed as of March 31. The company is assessing the impact on earnings. The stock slid 1.5 percent to 813 yen.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

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

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