Aozora, JX, Nissan, Oriental Land, Sony: 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.

Nikkei 225 (NKY) Reshuffle: Aozora Bank Ltd. (8304) (8304 JT), Sony Financial Holdings Inc. (8729) (8729 JT), and Amada Co. (6113 JT) will be added to the Nikkei 225 Stock Average, the index’s compiler said in a statement. Aozora and Sony Financial will replace Mizuho Trust & Banking Co. (8404 JT) and Mizuho Securities Co. (8606 JT) starting Aug. 29. Amada will replace CSK Corp. (9737) (9737 JT) on Sept. 28.

Aozora climbed 3.2 percent to 192 yen. Sony Financial added 0.3 percent to 1,446 yen. Amada rose 0.7 percent to 585 yen. Mizuho Trust was unchanged at 67 yen. Mizuho Securities fell 0.5 percent to 186 yen. CSK gained 2.9 percent to 315 yen.

Alfresa Holdings Corp. (2784) (2784 JT): The drug wholesaler said net income tumbled by 64 percent to 1.83 billion yen ($23 million) in the quarter ended June 30. The stock rose 0.3 percent to 3,185 yen.

Asahi Glass Co. (5201 JT): Japan’s biggest glass producer by revenue said first-half net income fell 23 percent to 57 billion yen. Separately, the company said it will spend as much as 10 billion yen to repurchase up to 0.94 percent of its outstanding shares. The stock slipped 0.9 percent to 857 yen.

Daicel Chemical Industries Ltd. (4202) (4202 JT): The chemical maker said net income in the quarter ended June 30 fell 22 percent to 3.24 billion yen, as the March earthquake reduced its production of inflators used for car airbags. The stock slid 0.2 percent to 538 yen.

Electric Power Development Co. (9513 JT): Japan’s largest power wholesaler known as J-Power shut two coal-fired power generators with total capacity of 1,300 megawatts on July 30 after a malfunction. J-Power idled the 250-megawatts No. 1 unit at Takasago station due to trouble at a transformer, Hiroshi Nakatani, a spokesman for the company, said by phone. The stock slid 0.3 percent to 2,027 yen.

Furukawa Electric Co. (5801 JT): The maker of wires and cables said net income in the quarter plunged 93 percent to 301 million yen as the March earthquake reduced demand for wire harnesses. The stock rose 0.3 percent to 319 yen.

Hitachi Ltd. (6501) (6501 JT), Mitsubishi Electric Corp. (6503) (6503 JT) and Mitsubishi Heavy Industries Ltd. (7011) (7011 JT): The companies agreed to merge their hydropower businesses. The operations will be merged under a Hitachi hydropower unit effective Oct 1, according to a statement. Hitachi rose 1.7 percent to 471 yen. Mitsubishi Electric slid 0.8 percent to 897 yen. Mitsubishi Heavy gained 3.4 percent to 361 yen.

Horiba Ltd. (6856) (6856 JT): The maker of measuring devices boosted its full-year net income forecast to 8.5 billion yen from 8 billion yen, saying that demand for car measuring equipment is recovering globally. The company also raised its planned second-half dividend to 21 yen from 13 yen. The stock lost 0.4 percent to 2,496 yen.

Japan Drilling Co. (1606 JT): The offshore drilling contractor raised its full-year net income outlook 11 percent to 3.22 billion yen. The stock sank 2.4 percent to 2,978 yen.

JX Holdings Inc. (5020) (5020 JT): JX Nippon Oil & Energy Corp., a unit of JX Holdings, and SK Innovation Co. (096770 KS) will invest about 120 billion yen in two production facilities in South Korea, the Nikkei newspaper said. JX lost l.5 percent to 539 yen.

Mitsumi Electric Co. (6767 JT): The company, which supplies parts to Nintendo Co. (7974 JO), forecast a full-year loss on sluggish orders for “amusement-related products” and the yen’s appreciation. Mitsumi fell 0.1 percent to 717 yen. Nintendo rose 1.1 percent to 11,950 yen.

Nippon Sheet Glass Co. (5202 JT): The glassmaker said operating profit in the first quarter declined 44 percent to 3.62 billion yen. The stock slipped 0.8 percent to 235 yen.

Nissan Motor Co. (7201 JT): The automaker will merge two Japan dealer networks, the Nikkei newspaper. Nissan will consolidate 2,200 dealerships in a few years, the report said. The stock fell 0.5 percent to 793 yen.

Oriental Land Co. (4661 JT): The operator of Disney resorts in Japan swung to a first-quarter net loss of 3.8 billion yen from a 6.22 billion yen profit a year earlier, as sales plunged by 43 percent. The stock retreated 1.7 percent to 7,120 yen.

Pioneer Corp. (6773) (6773 JT): The maker of car-navigation systems and audio equipment said net income in the quarter ended June 30 fell by 51 percent to 293 million yen on an 11 percent drop in sales. The stock slid 0.3 percent to 393 yen.

Rakuten Inc. (4755) (4755 JQ): Japan’s largest online retailer had a net loss of 48.3 billion yen in the second quarter after taking a one-time charge for reorganizing its credit-card business. The company earned 10.3 billion yen in the same quarter a year earlier. The stock dropped 1.1 percent to 79,600 yen.

Ricoh Co. (7752 JT): The office-equipment and camera maker said first-quarter net income declined 53 percent to 3.45 billion yen, as the stronger yen eroded overseas sales and promotion costs increased in the emerging markets. The stock fell 0.1 percent to 789 yen.

Sankyo Co. (6417 JT): The maker of pachinko machines tripled its first-half net income outlook to 6 billion yen, with higher-than-expected sales. The stock gained 1.8 percent to 4,195 yen.

Sony Corp. (6758) (6758 JT): The electronics maker plans to begin sales of the PlayStation Vita portable player in the U.S. and Europe next year, missing the Christmas-holiday shopping season. The product will initially launch in Japan before the end of December, followed by introductions in the U.S. and Europe early next year, Kazuo Hirai, Chairman Howard Stringer’s top lieutenant, told reporters in Tokyo. The stock rose 0.1 percent to 1,925 yen.

Sumitomo Mitsui Trust Holdings Inc. (8309 JT): The trust bank said net income in the first quarter jumped to 89.6 billion yen from 19 billion yen a year earlier, as revenue more than tripled. The stock increased 0.4 percent to 289 yen.

Sumitomo Osaka Cement Co. (5232 JT): The cement maker had a return to net income of 409 million yen in the quarter ended June 30 from a 1.13 billion yen loss a year earlier. The stock rose 0.5 percent to 220 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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