Asics, Mitsubishi UFJ, NTN, Toyota Motor: 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.

All Nippon Airways Co. (9202 JT): The carrier overtook Japan Airlines Co. (9201 JP) to become the nation’s largest carrier by passengers for the first time in nine years as its rival slashed flights under bankruptcy protection. ANA declined 0.4 percent to 235 yen.

Asics Corp. (7936) (7936 JT): The sporting goods maker reported a 33 percent gain in full-year net income to 11 billion yen ($135.9 million), beating its forecast by 5.2 percent. The company forecast profit will increase 22 percent this fiscal year. It will lower its minimum trading unit to 100 shares from 1,000 on July 1. The stock advanced 1 percent to 1,198 yen.

Hakuhodo DY Holdings Inc. (2433) (2433 JT): Japan’s second-largest advertising company said revenue at its Hakuhodo Inc. unit fell 13.7 percent in April from a year earlier. The stock lost 3.4 percent to 4,075 yen.

J. Front Retailing Co. (3086 JT): The retailer said sales fell 1.2 percent in April from a year earlier. The stock retreated 3.1 percent to 315 yen.

JS Group Corp. (5938) (5938 JT): The housing materials maker plans to buy out Kawashima Selkon Textiles Co. (3009 JT) by paying 0.035 share for each of the fabric maker. JS Group will also offer 0.094 share for each of Hivic Co. (7845 JQ) to acquire all outstanding stock, according to separate statements to the Tokyo Stock Exchange. JS Group dropped 1.2 percent to 2,056 yen. Kawashima Selkon sank 1.7 percent to 58 yen. Hivic slid 0.8 percent to 120 yen.

Mabuchi Motor Co. (6592 JT): The maker of motors for digital-cameras will spend $48 million to build a motor plant in China’s Jiangxi province. The plant will start production in mid-2012 and is scheduled to have 2,400 workers by 2014, according to a statement to the Tokyo Stock Exchange. The stock dropped 1.5 percent to 3,975 yen.

Marubeni Corp. (8002) (8002 JT), Mitsui & Co. (8031 JT): The trading companies are among five bidders seeking to build the Sur Power Plant project in Oman, said Ahmed al-Busaidi, of the Oman Power and Water Procurement Co. Marubeni retreated 1.6 percent to 553 yen. Mitsui lost 1.5 percent to 1,347 yen.

Maruha Nichiro Holdings Inc. (1334) (1334 JT): The seafood company had 3.61 billion yen in net income for the year ended March 31, falling short of its projection by 20 percent. The company did not provide its profit forecast for this fiscal year, citing difficulty in assessing the effect of the March 11 disaster. The stock climbed 3.4 percent to 123 yen.

Mitsubishi UFJ Financial Group Inc. (8306) (8306 JT): Japan’s largest publicly traded bank targeted net income of 600 billion yen for the year ending March 2012, compared with 583.1 billion yen posted last fiscal year. The stock dropped 1.6 percent to 377 yen.

NTN Corp. (6472) (6472 JT): The bearing maker said it posted net income of 14.4 billion yen in the year ended March 31, compared with a loss of 2 billion yen a year earlier as sales increased. The company did not provide a profit forecast for this year, citing the earthquake. The stock fell 1.7 percent to 403 yen.

Otsuka Holdings Co. (4578 JT): The drugmaker plans to invest 570 billion yen in research and development over three years from fiscal 2011, President Tatsuo Higuchi said. The stock gained 0.7 percent to 2,139 yen.

Panasonic Corp. (6752) (6752 JT): The maker of electronic products plans to release a memory chip next year that can retain information when not powered, the Nikkei newspaper reported. The resistive random-access memory chip, or ReRAM, is 10 times faster than flash memory, the report said. The stock fell 1.5 percent to 959 yen.

Sumitomo Rubber Industries Ltd. (5110) (5110 JT): Japan’s second- biggest tiremaker plans to invest 28 billion yen for its first tire plant in Brazil, the Nikkei newspaper reported. Production will begin in 2013, the report said. The stock lost 0.9 percent to 924 yen.

Tokyo Electric Power Co. (9501 JT): The operator of the crippled Fukushima Dai-Ichi nuclear power plant will report a net loss of more than 800 billion yen for the fiscal year that ended on March 31, Kyodo News reported. The company is scheduled to report earnings on May 20. The stock tumbled 7.3 percent to 420 yen.

Toyota Motor Corp. (7203) (7203 JT): Toyota Kirloskar Motor Pvt., the Indian unit of Toyota Motor, will resume normal operations from May 20, earlier than expected, according to an e-mailed statement. The company had earlier suspended production on Mondays and Fridays between April 25 and June 4 because of a disruption in the supply of parts. The stock fell 1.8 percent to 3,340 yen.

Unicharm Corp. (8113) (8113 JT): The diaper maker will pay more than 10 billion yen to Sumitomo Corp. (8053) (8053 JT) for 51 percent of Hartz Mountain Corp., the Nikkei newspaper reported. Unicharm was unchanged at 3,310 yen. Sumitomo dipped 0.9 percent to 1,068 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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