Honda, Fuji Heavy, JR East, Mitsui: 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.

Aeon Credit Service Co. (8570 JT): The credit-card company said full-year net income jumped 9.54 billion yen ($113 million) from 197 million yen a year earlier, citing a gain from sale of its unit. The stock retreated 2.8 percent to 1,062 yen.

Bic Camera Inc. (3048) (3048 JT): The electronics retailer said in a preliminary earnings statement first-half net income totaled 5.16 billion yen, 84 percent more than its 2.8 billion yen profit outlook. The stock fell 0.5 percent to 33,050 yen.

East Japan Railway Co. (9020) (9020 JT): The railway operator’s sales fell 27 percent last month from a year earlier after an earthquake disrupted travel demand, President Satoshi Seino said in Tokyo. East Japan Railway, the nation’s largest train operator by sales that’s known as JR East, slipped 0.4 percent to 4,535 yen.

Fuji Heavy Industries Ltd. (7270) (7270 JT): The maker of Subaru cars will restart production of standard-sized vehicles from tomorrow, the company said in a faxed statement. The stock declined 1.5 percent to 542 yen.

Hitachi Transport System Ltd. (9086) (9086 JT): The logistics company said it plans to buy out Eternity Grand Logistics Pcl (ETG) of Thailand through its units. Hitachi Transport lost 1.2 percent to 1,151 yen.

Honda Motor Co. (7267 JT): Japan’s second-largest automaker by market value will pare car production in India next month because of a shortage of parts following the March 11 earthquake in Japan. The stock retreated 2.5 percent to 2,934 yen.

Izumiya Co. (8266 JT): The supermarket operator said it expects a 19 percent rise in operating profit to 4.5 billion yen this fiscal year. The stock sank 1.9 percent to 356 yen.

Marubeni Corp. (8002) (8002 JT): The trading house will pay Marathon Oil Corp. $270 million for 30 percent of a U.S. shale oil project, the Nikkei newspaper reported. The stock sank 3.3 percent to 590 yen.

Mitsui Co. (8031 JT), T-Gaia Corp. (3738) (3738 JQ): Mitsui, Japan’s second-largest trading house, said it will cut its stake in T-Gaia, a mobile-phone subscription company, to 5.27 percent from 22.78 percent by selling the shares back to the company for 12.6 billion yen on April 26. Mitsui fell 1 percent to 1,499 yen. T-Gaia slumped 2.3 percent to 131,100 yen.

Sankyo-Tateyama Holdings Inc. (3432) (3432 JT): The aluminum-mesh maker slashed its full-year net income outlook to 200 million yen from 2.4 billion yen, citing costs to repair products. The company raised its operating profit projection 19 percent to 7.6 billion yen for the period on cost cuts. The stock declined 3.8 percent to 128 yen.

Tokyo Electric Power Co. (9501 JT): Asia’s largest utility, which delayed its full-year earnings release due to the March 11 earthquake, may announce results in May. Separately, Tepco said the water flow from the pit near No.2 reactor building of Fukushima Dai-Ichi power plant has stopped, public broadcaster NHK reported. The stock plunged 18 percent to 362 yen.

Toyota Motor Corp. (7203) (7203 JT): The automaker may temporarily shut its manufacturing plant in Australia’s Victoria state because of disruptions to parts supply after the Japanese earthquake, the Australian Financial Review reported, citing a March 29 bulletin to suppliers. Separately, Toyota plans to begin limited production next week at most of its domestic plants, the Nikkei newspaper reported. The stock lost 2.4 percent to 3,260 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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