Citizen, Nikon, Sumitomo Rubber, THK: 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.

Citizen Holdings Co. (7762 JT): The watchmaker increased its full-year net income forecast by 20 percent to 9 billion yen ($117 million), citing improved profitability in its electronic device business. The company said it will pay an annual dividend of 8 yen per share this year, compared with the previous year’s payout of 7 yen. The stock rallied 2.7 percent to 420 yen.

Comsys Holdings Corp. (1721) (1721 JT): The net loss at the telecommunication-systems company narrowed to 335 million yen in the three months to June 30 from 749 million yen a year earlier, it said in a statement to the Tokyo Stock Exchange. The stock advanced 1.9 percent to 713 yen.

Dentsu Inc. (4324) (4324 JT): Japan’s largest advertising company by revenue said first-quarter net income jumped to 1.31 billion yen from 349 million yen a year earlier. The stock gained 4.1 percent to 2,283 yen.

Kintetsu Corp. (9041) (9041 JT): The railway company had a 32 percent drop in net income to 2.11 billion yen in the three months ended June 30, as revenue from its transportation and leisure businesses slid. The stock rose 0.4 percent to 261 yen.

McDonald’s Holdings Co. (Japan) Ltd. (2702 JQ): The fast- food chain reported net income jumped to 5.91 billion yen in the six months to June 30 from 2.07 billion yen a year earlier. The company plans to accelerate the opening of new stores, Chairman Eikoh Harada said. The stock rose 0.7 percent to 2,029 yen.

MS&AD Insurance Group Holdings (8725) Inc. (8725 JT): The insurer’s revenue increased 20 percent to 1.02 trillion yen in the first quarter ended June 30, according to a statement to the Tokyo Stock Exchange. The stock advanced 1.1 percent to 1,807 yen.

Nikon Corp. (7731) (7731 JT): The camera maker boosted its net income forecast by 43 percent to 60 billion yen for the year ending March 31 because of a smaller-than-expected impact from the March earthquake. The company increased its planned first- half dividend to 17 yen per share from 10 yen. The stock gained 0.6 percent to 1,617 yen.

Pacific Metals Co. (5541 JT): The ferro-nickel producer swung to a net loss of 444 million yen in the April-June period from a profit of 4.83 billion yen a year earlier, as sales plunged. The stock climbed 3.6 percent to 515 yen.

Seino Holdings Co. (9076 JT): Net income at the provider of transportation and logistic services jumped 92 percent to 1.94 billion yen in the three months ended June 30. The stock gained 1.3 percent to 553 yen.

Sony Corp. (6758) (6758 JT): The Japanese consumer electronics maker and LG Electronics Inc. (066570) (066570 KS) settled patent- infringement claims against each other over digital televisions and mobile phones, filings with a U.S. trade agency and U.S. courts show. Sony declined 2.2 percent to 1,701 yen.

Sugi Holdings Co. (7649 JT): The drugstore chain’s sales at stores open for at least 13 months rose 3.8 percent in July compared with the same month a year earlier. The stock gained 0.8 percent to 2,070 yen.

Sumitomo Rubber Industries Ltd. (5110) (5110 JT): Japan’s second- biggest tiremaker by revenue boosted its net income forecast for the year ending Dec. 31 by 74 percent to 20 billion yen, citing strong demand in the first six months. The stock slid 0.6 percent to 907 yen.

T&D Holdings Inc. (8795) (8795 JT): Japan’s largest publicly traded life insurer said net income fell 27 percent to 10.3 billion yen in the three months ended June 30, as revenue decreased. The stock rose 0.2 percent to 1,692 yen.

THK Co. (6481 JT): Net income at the maker of industrial machinery almost doubled to 3.72 billion yen in the three months ended June 30 from 1.89 billion yen a year earlier, as sales increased. The stock retreated 2.3 percent to 1,704 yen.

Taiyo Nippon Sanso Corp. (4091) (4091 JT): The industrial-gas producer’s net income fell 37 percent to 3.33 billion yen in the April-June period. The stock rose 0.9 percent to 569 yen.

Tokyu Corp. (9005) (9005 JT): The railway reported a 40 percent jump in first-quarter profit and raised its full-year net income forecast 35 percent to 27 billion yen after power-supply restrictions proved less severe than expected. The stock advanced 1.9 percent to 330 yen.

Trend Micro Inc. (4704) (4704 JT): The maker of security software reported a 17 percent increase in net income to 7.93 billion yen in the six months ended June 30, helped by reduced marketing and administration costs. The stock rose 0.8 percent to 2,118 yen.

Zensho Co. (7550 JT): The restaurant chain’s net income more than quadrupled to 709 million yen in the quarter ended June 30, from 174 million yen a year earlier, as sales increased. The stock rallied 1.8 percent to 989 yen.

To contact the reporter on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.