All Nippon, Honda, Mitsui, Sony, 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.

All Nippon Airways Co. (9202 JT): Asia’s largest listed carrier by sales expects to receive approval soon for a joint venture with Germany’s Deutsche Lufthansa AG (LHA) , All Nippon’s President Shinichiro Ito told reporters in Tokyo. All Nippon climbed 0.4 percent to 238 yen.

Dwango Co. (3715 JT), Kadokawa Group Holdings Inc. (9477) (9477 JT): Dwango, a provider of streaming video services, plans to sell 16,800 new and existing shares to Kadokawa to raise 3 billion yen ($37 million), according to a filing with Japan’s finance ministry. Dwango gained 2.3 percent to 183,700 yen. Kadokawa gained 3.4 percent to 2,432 yen.

Hitachi Construction Machinery Co. (6305 JT): Japan’s second-largest producer of construction equipment forecast net income will more than double to 23 billion yen from 11.1 billion yen a year earlier on growing sales. The company expects a 52 percent plunge in first-half net income to 1.5 billion yen. The stock rose 0.5 percent to 1,665 yen.

Hitachi Tool Engineering Ltd. (5963) (5963 JT): The maker of precision tools said it expects net income will rise 19 percent to 1.92 billion yen this fiscal year on higher sales. The stock increased 0.3 percent to 818 yen.

Honda Motor Co. (7267 JT): The carmaker said North American production will return to 100 percent in August for all models except Civic small cars as parts supplies rebound after the record earthquake in Japan. The stock gained 1 percent to 3,095 yen.

MCJ Co. (6670 JT): The personal computer maker said it will conduct a 100-for-1 stock split and will adopt a share unit system, which defines 100 shares as one unit. The stock advanced 1.2 percent to 11,640 yen.

Mitsui & Co. (8031 JT): Japan’s second-largest trading house revised its net income for the past fiscal year to 306.7 billion yen after a unit agreed to pay $1 billion to BP Plc related to a settlement over last year’s Gulf of Mexico oil spill, according to a statement. Mitsui previously said profit for the year ended March 31 was 367.9 billion yen. The stock climbed 0.7 percent to 1,363 yen.

77 Bank Ltd. (8341) (8341 JT): The regional bank swung to a net loss of 30.5 billion yen in the year ended March 31 from a year- earlier profit. The stock rose 0.9 percent to 325 yen.

Senshu Electric Co. (9824 JT): The distributor of cable and wire products boosted its full-year net income forecast 34 percent to 1.68 billion yen, due to higher overseas sales and increasing restoration demand after the earthquake. The stock gained 1 percent to 1,013 yen.

Showa Sangyo Co. (2004 JT): The flour maker said full-year net income plunged 88 percent to 415 million yen, dragged down by quake-related costs. Showa Sangyo forecast net income will jump to 3.7 billion yen this fiscal year, with higher sales. Also, the company said it will raise retail prices of flour products by up to 10 percent. The stock lost 0.5 percent to 218 yen.

Sony Corp. (6758) (6758 JT): Japan’s largest electronics exporter said full-year net loss widened to 259.6 billion yen from 40.8 billion yen a year earlier. Sony forecast lower profit than analysts estimated this fiscal year as the company seeks to recover from Japan’s record earthquake and copes with a string of hacker attacks. The stock rose 0.1 percent to 2,238 yen.

Tokyo Electric Power Co. (9501 JT): The utility, known as Tepco, may remove the head of its crippled Fukushima Dai-Ichi nuclear plant, Masao Yoshida, for not following orders, Kyodo News reported. Yoshida didn’t comply with an order on March 12 to stop injecting seawater into one of the plant’s reactors a day after a tsunami knocked out cooling systems, Kyodo said, citing Sakae Muto, vice-president of Tokyo Electric. The stock gained 2.2 percent to 322 yen.

Tomy Co. (7867 JT): The toymaker forecast net income will fall 31 percent to 6.2 billion yen this fiscal year. The stock increased 1.2 percent to 735 yen.

Toyota Motor Corp. (7203) (7203 JT): The world’s biggest carmaker will temporarily halt production at plants in Brazil and Argentina as a consequence of the tsunami that hit Japan in March, according to an e-mailed statement. The stock advanced 1.2 percent to 3,355 yen.

Yaskawa Electric Corp. (6506) (6506 JT): The servomotor maker said it expects an 83 percent gain in net income to 12 billion yen this fiscal year, with higher sales. The stock jumped 3.5 percent to 856 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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