Aeon, Japan Tobacco, Sharp, Sony, Toyota: Japan Equity Preview

The following companies may have unusual price changes in Japanese trading today. Markets were closed yesterday for a national holiday. Stock symbols are in parentheses, and share prices are as of July 15 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 from late April through mid-June. The meat was from cattle 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.

Chugoku Electric Power Co. (9504 JT): The utility stopped output at the No. 1 unit at its Misumi thermal power station in western Japan yesterday because of a potential steam leak, it said on its website. The halt will cause a temporary drop in power output, though the utility has enough back-up capacity to maintain stable supplies, Chugoku Electric said. The stock gained 0.2 percent to 1,378 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 earthquake. 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. Also, JVC Kenwood said it will convene a bondholders’ meeting on Aug. 8 to discuss delaying the redemption of its Victor unit’s debt for as much as three years. The stock climbed 2.9 percent to 431 yen.

Kansai Electric Power Co. (9503 JT): Japan’s second-largest utility by revenue shut down the No. 1 reactor at its Ohi nuclear plant on July 16 and faces a shortage of as much as 6.6 percent of generating capacity in August. 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 stock 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.

Sharp Corp. (6753 JT): The electronics maker and Hon Hai Precision Industry Co. (2317 TT) agreed on July 2 to form a venture to procure parts for liquid-crystal-displays. The companies will also supply LCDs to one another, Miyuki Nakayama, a spokeswoman for Sharp, said by telephone on July 15. Sharp advanced 0.7 percent to 741 yen.

Sony Corp. (6758) (6758 JT): The electronics maker may pay 24 billion rupees ($539 million) to acquire 11 Indian television channels run by Ushodaya Enterprises Pvt., Business Standard reported on its website. The stock increased 0.7 percent to 2,141 yen.

Suzuki Motor Corp. (7269) (7269 JT): The Japanese automaker 20 percent owned by Volkswagen AG is talking with VW about “what the two companies agreed upon” rather than new projects or cars, said Yasuhito Harayama, Suzuki executive vice president. Suzuki will form other alliances if necessary, Harayama said. The stock gained 0.7 percent to 1,827 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, according to the report. Separately, the company will install a roof over part of the crippled plant to shield it from wind and rain as Typhoon Ma-On approaches. The stock climbed 2.6 percent to 477 yen.

Toshiba Corp. (6502) (6502 JT): The maker of flash-memory chips said a server at a U.S. subsidiary was hacked and e-mail addresses and passwords were stolen. The stock slid 1 percent to 410 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 will 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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