K’s, Namco Bandai, Japan Tobacco, Toyota: Japan Equity Preview

The following companies may have unusual price changes in Japanese trading on July 19. Markets will be closed on July 18 for a national holiday. 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.

Aeon Co. (8267 JT): Japan’s biggest supermarket chain said beef from cattle contaminated by radiation was sold to customers at 14 of its stores in Tokyo and four other prefectures. The meat was from cattle in Fukushima that ate straw tainted with cesium exceeding government safety standards, according to an e- mailed statement by the retailer. The stock fell 0.3 percent to 982 yen.

B-R 31 Ice Cream Co. (2268 JQ): The ice cream chain’s net income fell more than expected to 267 million yen ($3.4 million) in the six months ended June 30 as 166 shops were closed after the March 11 earthquake, according to a preliminary earnings statement. The company had forecast a 465 million yen profit and earned 515 million yen a year earlier. The stock was little changed at 2,883 yen.

Furuno Electric Co. (6814 JO): The marine-equipment maker swung to a net loss of 93 million yen in the quarter ended May 31, from 819 million yen profit a year earlier, due to repair costs and inventory losses from earthquake damage. The stock rose 0.2 percent to 477 yen.

Growell Holdings Co. (3141 JT): The drugstore chain raised its full-year profit estimate by 17 percent to 4.2 billion yen, citing growing sales prompted by the March quake. Separately, Growell said it will conduct an 11-for-10 stock split. The stock advanced 0.5 percent to 2,190 yen.

Invincible Investment Corp. (8963) (8963 JT): The real estate investment trust plans to sell 711,597 shares valued at 7 billion yen to four investors, including a unit of Fortress Investment Group LLC (FIG US), according to a filing with Japan’s finance ministry. Invincible Investment jumped 3.5 percent to 11,310 yen.

Japan Tobacco Inc. (2914) (2914 JT): The cigarette maker said June domestic cigarette sales volume fell 27.1 percent from a year earlier. The stock gained 1.4 percent to 320,500 yen.

JVC Kenwood Holdings Inc. (6632) (6632 JT): The electronics maker plans to issue 12 billion yen of equity warrants, according to a filing with Japan’s finance ministry. The stock climbed 2.9 percent to 431 yen.

Kansai Electric Power Co. (9503 JT): Japan’s second-largest utility by revenue planned to shut down the No. 1 reactor at its Ohi nuclear plant to check on a problem with a pressurized-water tank, according to an e-mailed statement from the Ministry of Economy, Trade and Industry. The stock lost 0.8 percent to 1,440 yen.

K’s Holdings Corp. (8282) (8282 JT), Kojima Co. (7513 JT), Yamada Denki Co. (9831 JT): The appliance retailers probably had record current profit, or pretax profit from operations, in the three months ended June, the Nikkei newspaper reported. Japan’s promotion of energy conservation increased sales of products such as electric fans and low-power lighting fixtures, while a shift to all-digital broadcasting boosted sales of flat-panel televisions, the report said. K’s rose 1.8 percent to 3,975 yen. Kojima added 0.2 percent to 564 yen. Yamada gained 2.4 percent to 6,880 yen.

Marusan Securities Co. (8613 JT): The brokerage said it will buy back up to 1.42 percent of its shares. Net income in the quarter ended June 30 plunged to 10 million yen from 56 million yen a year earlier on lower revenue, according to a preliminary earnings statement. The stock advanced 1.2 percent to 329 yen.

Namco Bandai Holdings Inc. (7832) (7832 JT): The game maker said it will retire 4.17 percent of its outstanding shares on July 19. The stock rose 1.1 percent to 988 yen.

Sakata Seed Corp. (1377) (1377 JT): The seed wholesaler forecast net income will rise 59 percent to 2.1 billion yen this fiscal year. The stock gained 1.3 percent to 1,187 yen.

Tokyo Electric Power Co. (9501 JT): The utility restarted a system to decontaminate radioactive water at its Fukushima Dai- Ichi nuclear power plant, Jiji Press reported on its website. The volume of water treated was still below target, probably because air was blocking the flow, according to the report. The stock climbed 2.6 percent to 477 yen.

Toyo Tanso Co. (5310 JT): The maker of carbon and graphite products said net income jumped to 3.7 billion yen in the year ended May 31, from 1.44 billion yen a year earlier, as sales rose 35 percent. The company expects profit to decline 8.1 percent to 3.4 billion yen this fiscal year. The stock slid 3.9 percent to 3,825 yen.

Toyota Motor Corp. (7203) (7203 JT): The carmaker will build a factory to make engines for small passenger cars in Miyagi prefecture, one of the areas most damaged by the March 11 earthquake, the Nikkei newspaper reported. Separately, the Asahi newspaper reported Toyota will start producing its Prius hybrid at a plant in northern Japan’s Iwate prefecture by the end of this year. The stock lost 0.3 percent to 3,330 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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