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Fast Retailing, Showa Shell, Tokio Marine: 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.

Aoyama Trading Co. (8219 JO): The apparel retailer had 2.8 billion yen ($35 million) net income for the year ended March 31, missing its forecast by 39 percent, according to a preliminary earnings statement. The stock advanced 1.1 percent to 1,349 yen.

Brother Industries Ltd. (6448) (6448 JT): The office-equipment maker booked a 34 percent gain in full-year net income to 26.2 billion yen on higher sales. The company projected profit will fall 24 percent this year. The stock dropped 0.3 percent to 1,253 yen.

Capcom Co. (9697 JT): The game developer and operator of amusement centers said full-year net income jumped to 7.75 billion yen from 2.17 billion yen a year earlier as sales climbed. The company projected profit will drop 9.7 percent this year. The stock rose 1.9 percent to 1,580 yen.

Chubu Electric Power Co. (9502 JT): Prime Minister Naoto Kan has asked the country’s third-biggest utility to shut all reactors at its Hamaoka plant, southwest of Tokyo. The stock gained 0.8 percent to 1,766 yen.

Daio Paper Corp. (3880) (3880 JT): The papermaker said it had a net loss of 6 billion yen for the year ended March 31, missing its forecast of 100 million yen in profit. Charges on devalued stockholdings, weaker demand for paper and higher material and fuel costs caused the loss, according to Daio’s preliminary earnings statement. The stock gained 0.5 percent to 598 yen.

Fast Retailing Co. (9983 JT): Asia’s biggest apparel chain said sales at its domestic Uniqlo stores rose for the first time in three months as warm weather boosted purchases of summer items. Same-store sales, or revenue at outlets open at least 12 months, rose 4.6 percent in April from a year earlier, according to a statement. The stock lost 0.7 percent to 12,850 yen.

Fuji Heavy Industries Ltd. (7270) (7270 JT): The carmaker’s operating profit may have tripled to about 80 billion yen in the year ended March 31, the Nikkei newspaper reported. The company may not provide an earnings forecast when it reports financial results on May 10 because of uncertainty about the earnings effect of the March 11 natural disasters, Nikkei said. The stock declined 2.1 percent to 602 yen.

Isetan Mitsukoshi Holdings Ltd. (3099) (3099 JT): Japan’s largest department-store chain had 2.6 billion yen net income for the year ended March 31, missing its forecast by 83 percent. It cited charges related to the March earthquake in a preliminary earnings statement. The company said it will pay an annual dividend of 7 yen, compared with last year’s 10 yen payout. The stock rose 0.4 percent to 792 yen.

Itoham Foods Inc. (2284) (2284 JT): The producer of processed meat products said full-year net income unexpectedly fell to 500 million yen from 1.29 billion yen a year earlier because of charges related to the March 11 earthquake and tsunami. The company had forecast the profit would rise to 2 billion yen. The stock advanced 1.3 percent to 325 yen.

JX Holdings Inc. (5020) (5020 JT): Qatar Petroleum, the state-run energy company, and JX Nippon Oil & Gas Exploration Corp. signed a 30-year agreement to explore for gas off the northeast coast of the emirate. JX Holdings dropped 3.4 percent to 542 yen.

Kirin Holdings Co. (2503 JT): Japan’s second-largest brewer by volume said it took a 5.1 billion yen charge from damage on its Sendai factory from the March 11 earthquake. The company booked a 2.11 billion yen net loss for the January-March period, compared with a profit of 6.16 billion yen a year earlier. The stock fell 1 percent to 1,140 yen.

Kobayashi Pharmaceutical Co. (4967 JT): The maker of drugs and medical equipment forecast a 7.1 percent gain in net income to 10 billion yen for the year ending March 2012. The stock rose 0.5 percent to 3,840 yen.

Mitsubishi Paper Mills Ltd. (3864) (3864 JT): The papermaker will probably report a loss of 14 billion yen for the year ended March 31, compared with its estimate for 500 million yen profit, the Nikkei newspaper reported. The March 11 earthquake and tsunami damaged the company’s factories and inventory in northeastern Japan, according to the report. The stock was unchanged at 84 yen.

Nomura Real Estate Holdings Inc. (3231) (3231 JT): The developer said full-year net income rose 17 percent to 5.47 billion yen on higher sales. The company forecast profit will jump to 13 billion yen this year. The stock slid 0.2 percent to 1,291 yen.

Otsuka Holdings Co. (4578 JT): Japan’s fifth-biggest drugmaker will partner the Bill & Melinda Gates Foundation to develop low-cost tuberculosis treatments to be sold in developing nations, the Nikkei newspaper reported. The stock rose 0.4 percent to 2,190 yen.

Oriental Land Co. (4661 JT): The operator of Disney resorts in Japan said full-year net income fell 10 percent to 22.9 billion yen, missing its forecast by 26 percent. The company postponed its profit forecast for this year, citing uncertainty about electricity supply. The stock sank 1.2 percent to 6,840 yen.

Sanrio Co. (8136 JT): The maker of Hello Kitty character goods will tie up with a Chinese real-estate company to open a theme park near Shanghai as early as 2014, the Nikkei newspaper reported. The stock gained 3.5 percent to 2,789 yen.

Showa Shell Sekiyu K.K. (5002 JT): The petroleum refiner boosted its net income forecast for the year ending in December 2011 by 84 percent to 34 billion yen, citing rising crude oil prices. The stock retreated 3.8 percent to 856 yen.

Softbank Corp. (9984) (9984 JT): The wireless carrier’s operating profit for the year ended March 31 may have increased about 30 percent from a year earlier to a record 620 billion yen, the Nikkei newspaper reported. The stock dropped 2.4 percent to 3,255 yen.

Sumitomo Chemical Co. (4005 JT): The chemicals producer is building a 20 billion yen factory in South Korea to produce touch-panels, its first investment in the industry, the Nikkei newspaper reported. Sumitomo Chemical targets 15 billion yen in first-year sales of the panels, the report said. Production will start in the first quarter of 2012, and the plant will supply panels to South Korea’s Samsung Group, it said. The stock declined 2.5 percent to 426 yen.

Tohoku Electric Power Co. (9506 JT): The utility may post a loss for the year ended March 31 after power plants were damaged in the March 11 earthquake, the Asahi newspaper reported, without saying where it obtained the information. The stock advanced 1.7 percent to 1,231 yen.

Tokio Marine Holdings Inc. (8766) (8766 JT): Full-year net income plunged 45 percent to 71 billion yen, missing the casualty insurer’s forecast by 38 percent, according to a preliminary earnings statement. Tokio Marine cited payouts related to earthquake disasters in Japan and New Zealand for the results. The stock gained 0.2 percent to 2,259 yen.

Toyota Motor Corp. (7203) (7203 JT): The world’s largest carmaker will adopt plug-in technology for Prius cars starting with 2014 models, allowing the hybrids to be charged from household current, the Nikkei newspaper reported. The stock declined 2.4 percent to 3,210 yen.

To contact the reporter on this story: 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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