Aeon, Fujitsu, Sumitomo Mitsui, 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.

Aeon Co. (8267 JT): Japan’s second-largest retailer forecast net income will fall 33 percent to 40 billion yen ($479 million) this fiscal year. The company posted a 92 percent jump in net income to 59.7 billion yen in the year ended Feb. 28. The stock rose 0.4 percent to 926 yen.

Doutor Nichires Holdings Co. (3087 JT): The coffee-shop chain said full-year net income fell 3.9 percent to 4.02 billion yen. The profit was 16 percent less than the company’s estimate. The stock was unchanged at 980 yen.

Fujitsu Ltd. (6702) (6702 JT): Japan’s biggest computer-services provider said semiconductor manufacturing plants in Japan’s earthquake-damaged Fukushima and Iwate prefectures will return to full capacity by about April 20, according to a release on its website. The stock rose 0.2 percent to 449 yen.

JX Holdings Inc. (5020) (5020 JT): Japan’s biggest refiner found natural gas in Australia’s Zola-1 well and crude oil in Papua New Guinea’s PPL219 field, according to a statement. The stock slipped 1.9 percent to 525 yen.

Lawson Inc. (2651) (2651 JT): Japan’s second-largest convenience- store operator cut its operating profit forecast by 3.5 billion yen because of the March 11 earthquake. The retailer suffered damage of about 5 billion yen, Chief Executive Officer Takeshi Niinami told reporters in Tokyo. The stock rose 1.4 percent to 3,920 yen.

Raccoon Co. (3031 JT): The online wholesaler of apparel and appliances said it will conduct a 2-for-1 stock split. The stock slumped 4.1 percent to 113,000 yen.

Starbucks Coffee Japan Ltd. (2712) (2712 JQ): The coffee-chain operator said in a preliminary earnings statement full-year net income totaled 1.15 billion yen, 28 percent below its estimate, as the earthquake and tsunami damaged some stores and blackouts eroded sales. The stock rose 0.5 percent to 43,650 yen.

Sumitomo Forestry Co. (1911 JO): The homebuilder and lumber distributor said in a preliminary earnings statement full-year net income amounted to 4.5 billion yen, missing its estimate by 40 percent, citing devalued pension funds and quake-related charges. The stock advanced 1.6 percent to 701 yen.

Sumitomo Metal Industries Ltd. (5405) (5405 JT): Japan’s third- largest steelmaker aims to restore normal operations at its Kashima factory by the end of May, the company said in a statement. The company will take a charge of about 60 billion yen for the fiscal year ended March because of losses caused by the quake and tsunami. The stock fell 0.6 percent to 175 yen.

Sumitomo Mitsui Financial Group Inc. (8316) (8316 JT): Sumitomo Mitsui Banking Corp. and Brazil’s BTG Pactual have agreed to a partnership covering project finance, mergers and acquisitions and asset management, the Nikkei newspaper reported. Sumitomo Mitsui slid 0.3 percent to 2,558 yen.

Tokyo Electric Power Co. (9501 JT): Japan is not asking other utilities to help Tokyo Electric compensate victims affected by the nuclear crisis at the Dai-Ichi power plant in Fukushima, Chief Cabinet Secretary Yukio Edano told reporters in Tokyo. Separately, Japan’s government should take responsibility for half of Tokyo Electric’s compensation claims from the accident at its Fukushima Dai-Ichi nuclear power plant, the Asahi newspaper reported, citing the head of the nation’s banking lobby. The stock lost 0.4 percent to 500 yen.

Toyota Motor Corp. (7203) (7203 JT): The world’s biggest carmaker will halt production at its plant in Valenciennes, northern France, for eight days at the end of April because of a shortage of parts from Japan, La Tribune reported. Also, Toyota’s European unit sold 13 percent more vehicles in the first quarter, according to an e-mailed statement. The stock slid 0.5 percent to 3,270 yen.

Unihair Co. (8170 JT): The wig-maker said its full-year net loss widened to 23.2 billion yen from 9.85 billion yen a year earlier, with a 16 percent drop in sales. The stock climbed 3.5 percent to 920 yen.

Yakult Honsha Co. (2267 JT): 4SC AG (VSC) sold the Japanese rights to the experimental Resminostat cancer drug to Yakult. The Japanese drink maker obtained the right to develop and market the drug for liver and colon cancer and other uses, Germany-based 4SC said in an e-mailed statement. Yakult lost 0.9 percent to 2,141 yen.

Yoshinoya Holdings Co. (9861 JT): The restaurant chain that serves bowls of rice with stewed beef said it posted net income of 382 million yen in the year ended Feb. 28. The company forecast net income will jump to 1 billion yen this fiscal year. The stock rose 1.7 percent to 100,500 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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