Japan Tobacco, Renesas, Takeda, 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 from the previous close. The information in each item was released after markets shut, unless stated otherwise.

Aeon Co. (8267 JT): The supermarket operator plans to increase the number of its stores in China to 2,000 in the next decade from the current 37, the Financial Times said, citing an interview with Chief Strategy Officer Jerry Black. Aeon gained 0.2 percent to 896 yen.

Daiwa House Industry Co. (1925 JT): The home builder expects operating profit to rise to a record for the current year on higher sales following the nation’s biggest earthquake. The shares climbed 1.5 percent to 1,006 yen.

IHI Corp. (7013) (7013 JT) and Itochu Corp. (8001) (8001 JT): The heavy- equipment maker and the trading house won an order worth $1.1 billion from the Turkish government to build the world’s fourth- longest suspension bridge over Izmit Bay, southeast of Istanbul, Nikkei reported. IHI rose 0.5 percent to 192 yen; Itochu gained 1.5 percent to 811 yen.

Japan Tobacco Inc. (2914) (2914 JT): The tobacco maker said domestic cigarette sales by volume fell 38.2 percent in May to 7.2 billion from a year earlier. The shares increased 0.6 percent to 314,000 yen.

KDDI Corp. (9433) (9433 JT): The mobile-phone operator offered to pay as much as 19.7 billion ($246 million) to buy out Webmoney Corp. (2167) (2167 JQ) in a tender offer. KDDI rose 3.3 percent to 590,000 yen. Webmoney advanced 4.2 percent to 285,000 yen.

Mitsubishi Materials Corp. (5711) (5711 JT): The metal processer said it will restart its Onahama smelter in Fukushima, northern Japan on July 1, after the March 11 earthquake and tsunami damaged the facilities. The shares rose 0.9 percent to 238 yen.

Mitsubishi Motors Corp. (7211) (7211 JT): The Japanese automaker’s operating profit may increase 12 percent to 45 billion yen ($560 million) in the year ending March 2012 as it boosts production following a return to output levels before Japan’s March 11 earthquake, the Nikkei newspaper said. The shares fell 1.1 percent to 94 yen.

Mitsui & Co. (8031 JT): Japan’s second-largest trading company by market value is preparing a 370 million pound ($600 million) bid for Bristol Water Plc, the Sunday Times reported, without saying where it got the information. Mitsui rose 0.5 percent to 1,312 yen.

Nomura Real Estate Office Fund Inc. (8959) (8959 JT): The real estate investment trust cut its net income forecast by 1.8 percent for the period ending Oct. 31 to 4.46 billion yen. The shares lost 1.5 percent to 532,000 yen.

Obic Co. (4684 JT): The computer-system provider reported full-year net income of 7.37 billion yen, compared with its forecast of 12 billion yen. The stock increased 1.6 percent to 14,400 yen.

Orix JREIT Inc. (8954) (8954 JT): The real-estate investment trust may sell shares in Asia, said Hiroshi Yasuda, president of Orix Asset Management Corp., the asset manager of the REIT. Orix JREIT declined 0.9 percent to 422,000 yen.

Renesas Electronics Corp. (6723) (6723 JT): The semiconductor manufacturer said it will restore output of chips made at its Naka plant to pre-earthquake levels by September, by shifting some production to other factories. The company earlier expected production to recover by October, according to a statement to the Tokyo Stock Exchange. The stock climbed 0.6 percent to 722 yen.

Suzuki Motor Corp. (7269) (7269 JT): The Japanese automaker plans to begin selling plug-in hybrid vehicles in 2013, the Nikkei newspaper reported. Suzuki Motor rose 2.1 percent to 1,731 yen.

Takeda Pharmaceutical Co. (4502 JT): The drugmaker is working with the French drug regulator on the diabetes pill Actos, the company said in a statement after the regulator suspended the sale of the best selling drug, citing cancer risk. A study in the U.S. showed no statistically significant increase in the risk of cancer from the drug, the company said. The stock dropped 2.9 percent to 3,665 yen.

Token Corp. (1766) (1766 JT): The homebuilder reported full-year net income of 6.2 billion yen, beating its forecast of 5.03 billion yen. The stock rose 0.8 percent to 3,185 yen.

Toyota Motor Corp. (7203) (7203 JT): The world’s largest carmaker by sales forecast full-year net income to decline 31 percent to 280 billion yen, from 408 billion yen a year earlier. The stock increased 0.9 percent to 3,300 yen.

To contact the reporter on this story: Anna Kitanaka in Tokyo at akitanaka@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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