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Honda, Itochu, Sharp, Tepco, Toho, 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.

Chugoku Electric Power Co. (9504 JT): The power company and nine other regional electric producers will probably fail to sell bonds in April, the Asahi Newspaper reported. The stock fell 0.5 percent to 1,476 yen.

Goldcrest Co. (8871 JT): The condominium developer’s full- year net income totaled 1.66 billion yen ($20 million), 34 percent less than its projection, according to a preliminary earnings statement. The stock fell 0.4 percent to 1,502 yen.

Hioki E.E. Corp. (6866 JT): The maker of electric measuring devices said sales growth more than doubled first-quarter net income to 491 million yen from 208 million yen a year earlier. The stock slid 0.6 percent to 1,603 yen.

Honda Motor Co. (7267 JT): The automaker said it resumed limited output at plants in Saitama and Mie prefectures to bring all Honda auto plants in Japan back into production. Reduced production levels in North America will be extended through May 6, the company also said. The stock gained 0.7 percent to 2,985 yen.

Ichigo Group Holdings Co. (2337 JQ): The real estate asset manager said it will buy back up to 50,000 shares, or 2.1 percent of its outstanding stock. The company plans to retire 50,240 shares, or 2.2 percent, on August 19. Also, Ichigo Group said in a preliminary earnings statement full-year net income totaled 620 million yen, 73 percent below its forecast, as sales were less than expected. The stock climbed 2.5 percent to 9,290 yen.

Itochu Corp. (8001) (8001 JT): The trading house said it agreed to acquire 20 percent stake of a drilling unit of Singapore’s KS Energy Services Ltd. (KST) . Itochu lost 0.5 percent to 820 yen.

JX Holdings Inc. (5020) (5020 JT): JX Nippon Oil & Energy Corp., a unit of JX Holdings, agreed with Tokyo Electric Power Co. (9501 JT) to increase the price of heavy oil used in electricity production, the Nikkei newspaper reported, without citing anyone. JX Holdings slid 1 percent to 520 yen.

J-Com Holdings Co. (2462 JT): The job-placement company said it will conduct a 200-for-1 stock split, adopting the minimum trading of 100 shares. The stock slumped 1.5 percent to 190,400 yen.

Kappa Create Co. (7421 JT): The sushi restaurant chain said full-year net income totaled 1.28 billion yen, missing its outlook by 50 percent. It cited a charge due to a decline in the value of unprofitable outlets, in a preliminary earnings statement. The stock gained 0.9 percent to 1,605 yen.

Nippon Steel Corp. (5401) (5401 JT): The steelmaker and BHP Billiton Ltd. (BHP) agreed on a price of $330 a ton for coking coal for April, the Nikkei newspaper reported. That’s 65 percent higher than the same period a year earlier, the report said. Nippon Steel declined 0.8 percent to 252 yen.

Nissan Motor Co. (7201 JT): The automaker will recalled 5,300 LEAF electric cars sold worldwide after “a very small proportion” of the vehicles failed to restart once turned off. The stock fell 0.6 percent to 723 yen.

Sharp Corp. (6753 JT): Japan’s largest maker of liquid- crystal displays said it agreed to cross-license patents related to the panels with Au Optronics Corp. (2409) (2409 TT) of Taiwan. The companies will also dismiss all pending legal actions between them, according to the statement. Sharp declined 1.2 percent to 761 yen.

Shizuoka Bank Ltd. (8355) (8355 JT): The regional bank said it will acquire 144,759 shares in an Indonesian unit of Resona Holdings Inc. (8308) (8308 JT), bringing its holding to 5.08 percent. Shizuoka Bank fell 0.1 percent to 726 yen. Resona lost 2.1 percent to 381 yen.

Taiheiyo Cement Corp. (5233) (5233 JT): The cement maker asked Sumitomo Osaka Cement Co. (5232 JT) and Ube-Mitsubishi Cement Corp. to supply cement for large-scale construction after operations at its main plant in Iwate prefecture halted because of earthquakes, and as recovery efforts are expected to increase demand, the Nikkei newspaper reported, without citing anyone. Taiheiyo Cement fell 1.4 percent to 142 yen. Sumitomo Osaka Cement dropped 0.9 percent to 233 yen.

Toho Co. (9602 JT): The movie producer said it expects a 35 percent drop in net income to 7.4 billion yen this fiscal year, with a 9.8 percent fall in sales. Net income climbed 45 percent to 11.4 billion yen in the year ended Feb. 28. The stock retreated 0.7 percent to 1,151 yen.

Toho Real Estate Co. (8833 JT): The property developer forecast net income will fall 20 percent to 1.2 billion yen, on a decline in sales. The stock gained 3 percent to 486 yen.

Tokyo Electric Power Co. (9501 JT): The utility said it expects to resolve the crisis at its tsunami-hit Fukushima Dai- Ichi nuclear plant within six to nine months under a two-phase plan. Tepco plans to sell shares in KDDI Corp. (9433) (9433 JT), the Nikkei newspaper reported. Japan plans to set up an organization to compensate victims of radiation and the move will avert cash- flow problems at Tepco, the Yomiuri reported. Tokyo Electric tumbled 6.2 percent to 469 yen. KDDI dropped 1.8 percent to 501,000 yen.

Tokyo Individualized Educational Institute Inc. (4745) (4745 JT): The cram school operator posted an 83 percent plunge in net income to 158 million yen in the year ended Feb. 28 as sales declined. The stock advanced 2.9 percent to 179 yen.

Toyota Motor Corp. (7203) (7203 JT): The world’s biggest carmaker will run factories in Japan at 50 percent of normal capacity following Japan’s early-May Golden Week holidays until June 3, spokeswoman Shiori Hashimoto said by phone. The stock dropped 0.9 percent to 3,240 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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