Advantest, Fanuc, JX, Komatsu, NTT, Sony: 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.

Advantest Corp. (6857) (6857 JT): The world’s biggest maker of memory-chip testers returned to net income of 3.16 billion yen ($39 million) in the year ended March 31 from a year-earlier loss, as sales jumped 87 percent. The profit was 9.6 percent less than the company’s forecast. The stock rose 1.7 percent to 1,513 yen.

Alfresa Holdings Corp. (2784) (2784 JT): The drug wholesaler said in a preliminary earnings statement full-year net income totaled 6.6 billion yen, missing its outlook by 33 percent, dragged down by a quake-damage charge. The stock slipped 1.1 percent to 2,860 yen.

All Nippon Airways Co. (9202 JT): Asia’s largest listed carrier by sales said in a preliminary earnings statement net income in the year ended March amounted to 23 billion yen, beating its 6 billion yen profit forecast, because of a tax change. The stock fell 0.4 percent to 227 yen.

Asahi Kasei Corp. (3407) (3407 JT) and FDK Corp. (6955) (6955 JT): The companies said they will form a venture to develop and produce lithium-ion capacitors. Asahi Kasei jumped 3.4 percent to 544 yen. FDK rose 0.7 percent to 148 yen.

Chubu Electric Power Co. (9502 JT): The utility based its earnings forecast for this fiscal year on an assumption the Hamaoka No. 3 reactor will be restarted by July, the Tokyo Shimbun newspaper said. The stock gained 0.6 percent to 1,721 yen.

East Japan Railway Co. (9020) (9020 JT): The nation’s largest train operator by sales had its biggest quarterly loss in at least nine years after the strongest earthquake on record in the nation shut some train services and shopping centers and raised repair costs. The stock slid 0.8 percent to 4,305 yen.

Fanuc Corp. (6954) (6954 JT): Japan’s biggest maker of industrial robots said full-year net income more than tripled to 120 billion yen from 37.5 billion yen a year earlier, with a 76 percent jump in sales. The stock leapt 3.6 percent to 13,260 yen.

Hino Motors Ltd. (7205) (7205 JT): The maker of buses and trucks reported a net loss of 10 billion yen for the year ended March after last month’s earthquake and tsunami hurt sales. Hino previously estimated net income of 9 billion yen, according to a preliminary earnings statement. The stock advanced 0.8 percent to 390 yen.

JX Holdings Inc. (5020) (5020 JT): Japan’s biggest refiner will book a one-time charge of 126 billion yen for the year ended March related to last month’s earthquake and tsunami, according to a statement. The stock increased 1.7 percent to 556 yen.

Kansai Electric Power Co. (9503 JT): Japan’s second-biggest utility said it will spend as much as 19 billion yen to buy back up to 1.2 percent of its outstanding shares. Also, the company said it expects a 19 percent fall in net income to 100 billion yen this fiscal year. The stock climbed 1.1 percent to 1,643 yen.

Komatsu Ltd. (6301) (6301 JT): The world’s second-largest maker of construction equipment posted a more than threefold jump in fourth-quarter profit on higher demand from Asia. The stock leapt 0.6 percent to 2,762 yen.

Kyocera Corp. (6971) (6971 JT): The maker of electronic components expects net income to decline 8.5 percent to 112 billion yen this fiscal year. Also, Kyocera plans to invest 30 billion yen to build a new factory in Vietnam for making mobile- phone parts, Kyodo News reported, citing President Tetsuo Kuba. The stock rallied 2.7 percent to 8,440 yen.

Mitsubishi Motors Corp. (7211) (7211 JT): The automaker expects supply shortages will continue for at least two to three more months, President Osamu Masuko said. Also, Mitsubishi Motors will invest around 1 billion reais in Brazil to increase capacity and production at its factory in Catalao, Goiania, over the next five years, according to an e-mailed statement. The stock gained 2.1 percent to 99 yen.

ND Software Co. (3794 JQ): The software developer plans to sell 780 million yen of convertible bonds to a unit of MUS Principal Investments Co., according to a filing with Japan’s finance ministry. ND Software lost 1.5 percent to 1,060 yen.

Nippon Telegraph & Telephone Corp. (9432) (9432 JT): The phone company said it will complete restoration of facilities and services damaged in the March 11 earthquake and tsunami ahead of schedule. The stock gained 0.3 percent to 3,675 yen.

Omron Corp. (6645) (6645 JO): The maker of electronic components said full-year net income jumped to 26.8 billion yen from 3.52 billion yen a year earlier. The result was 11 percent less than the company’s forecast of 30 billion yen. The stock climbed 1.6 percent to 2,192 yen.

Panasonic Corp. (6752) (6752 JT): The electronics manufacturer plans to cut 40,000 jobs, mostly outside Japan, by the end of its next fiscal year, the Nikkei newspaper reported. The stock slipped 0.9 percent to 975 yen.

Ricoh Co. (7752 JT): The maker of office equipment said it expects net income to gain 48 percent to 29 billion yen this fiscal year, with a 7.6 percent rise in sales. The stock rallied 2.4 percent to 946 yen.

Sharp Corp. (6753 JT): Japan’s largest maker of liquid- crystal displays pushed delayed forecasts for the current financial year, citing difficulty estimating the financial toll from last month’s earthquake and tsunami. Net income in the year ended March 31 jumped to 19.4 billion yen from 4.4 billion yen a year earlier, Sharp said in a release. The company had forecast 30 billion yen profit. The stock slid 0.5 percent to 739 yen.

Showa Aircraft Industry Co. (7404 JT), Jamco Corp. (7408) (7408 JT): Showa Aircraft, a maker of aircraft equipment, will acquire a 7.49 percent stake in Jamco, a maker of aircraft lavatories, according to a statement on Showa Aircraft’s website. Showa Aircraft slid 0.2 percent to 659 yen. Jamco fell 0.2 percent to 481 yen.

Sony Corp. (6758) (6758 JT): Japan’s biggest electronics exporter suspended plans to raise its stake in a liquid-crystal-display panel venture with Sharp Corp. (6753 JT).

Separately, Sony’s network entertainment unit was sued by a PlayStation customer claiming it failed to protect users’ personal information and credit-card data that the company says may have been stolen by a hacker, according to a complaint filed in federal court in San Francisco. Sony fell 2 percent to 2,366 yen.

Sumitomo Mitsui Financial Group Inc. (8316) (8316 JT): Japan’s second-biggest publicly traded bank said the value of its securities holdings declined 92 billion yen in the quarter ended March. The stock dropped 0.1 percent to 2,442 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

To contact the editor responsible for this story: John McCluskey at j.mccluskey@bloomberg.net.

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