All Nippon, Inpex, Jtekt, JX, Seven & I: 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 biggest-listed carrier by sales has applied to the government to raise its fuel surcharge on international flights from Aug. 1, the company said in its Website. The stock gained 2 percent to 254 yen.

Fuji Pharma Co. (4554 JQ): The generic drugmaker will sell shares to the public to raise as much as 1.7 billion yen ($21 million), according to a filing with Japan’s finance ministry. The stock rose 0.8 percent to 1,520 yen.

Futaba Industrial Co. (7241 JT): The auto parts maker said it expects a 22 percent drop in net income to 2.6 billion yen this fiscal year. Also, Futaba, an affiliate of Toyota Motor Corp. (7203) (7203 JT), set an operating profit target of 17.5 billion yen and a sales target of 420 billion yen for the year ending March 2014, according to a mid-term business plan. The stock climbed 2.4 percent to 515 yen.

Inpex Corp. (1605) (1605 JT): Japan’s largest oil explorer by sales, made a final investment decision for the Ruby gas field in Indonesia and plans to start gas production in the second half of 2013, according to a statement. Mubadala Development Co., an Abu Dhabi government-owned investment vehicle, said it expects to invest $500 million in the gas field with its partners, Inpex and Total SA. Inpex gained 2.3 percent to 568,000 yen.

Itoham Foods Inc. (2284) (2284 JT), Yonekyu Corp. (2290) (2290 JT) and Mitsubishi Corp. (8058) (8058 JT): The companies will next month form a meat-packing venture in China with COFCO, the country’s biggest state-run food company, the Nikkei newspaper said. The three Japanese companies will together own 33 percent of the venture, the Nikkei said, without citing anybody. Itoham rose 0.6 percent to 335 yen. Yonekyu gained 0.9 percent to 574 yen. Mitsubishi advanced 1.7 percent to 1,947 yen.

Jtekt Corp. (6473) (6473 JT): The autoparts maker forecast net income will rise 20 percent to 24 billion yen this fiscal year. The stock increased 0.5 percent to 1,152 yen.

JX Holdings Inc. (5020) (5020 JT): JX Nippon Oil & Energy Corp., Japan’s largest refiner, plans to shut the naphtha cracker at its Kawasaki plant for repairs, according to a JX spokesman who declined to be identified, citing company policy. The stock rose 1 percent to 510 yen.

Kakaku.com Inc. (2371) (2371 JT): The price-comparison website company said it will conduct a 200-for-1 stock split and adopt a share unit system, which defines 100 shares as one unit. The stock rallied 6 percent to 568,000 yen.

Orix Corp. (8591) (8591 JT): The financial services company will invest in South Korea’s Mirae Asset Life Insurance Co. (MALICLZ KS), the Nikkei newspaper reported. Orix rose 0.6 percent to 7,330 yen.

Seven & I Holdings Co. (3382 JT): The retailer may say that its March-May operating profit rose 30 percent from the same period a year earlier to 68 billion yen, the Nikkei newspaper reported. The stock gained 1.2 percent to 2,192 yen.

TV Tokyo Holdings Corp. (9413) (9413 JT): The television broadcaster’s May sales fell 6.5 percent to 6.9 billion yen from the same month a year earlier. The stock climbed 0.3 percent to 962 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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