Astellas, Honda, Sony, Taiheiyo Cement: 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.

Ain Pharmaciez Inc. (9627) (9627 JT): The drugstore operator said first-quarter net income jumped 47 percent to 1.05 billion yen ($14 million) on a 10 percent increase in sales. The stock advanced 1.3 percent to 3,060 yen.

Ajinomoto Co. (2802 JT): Japan’s biggest maker of seasonings said it will retire 21 million shares on Sept. 16. The stock increased 0.3 percent to 900 yen.

Astellas Pharma Inc. (4503) (4503 JT): Japan’s second-largest drugmaker by market value will book a one-time gain of 10 billion yen from the sale of land in Tokyo to Sumitomo Realty & Development Co. (8830 JT), according to a statement. Astellas slid 0.3 percent to 2,844 yen. Sumitomo Realty rose 1.4 percent to 1,588 yen.

Hirose Electric Co. (6806 JT): The electronic-equipment maker said it will spend as much as 3 billion yen to buy back up to 1.24 percent of its outstanding shares. The stock gained 1.2 percent to 7,020 yen.

Hokuto Corp. (1379) (1379 JT): The mushroom producer signed a letter of intent with Taiwan’s Ministry of Economic Affairs on expanding investment on the island, the ministry said in a statement on its website. The stock increased 0.8 percent to 1,725 yen.

Honda Motor Co. (7267 JT): The Japanese Embassy in Hanoi has asked the Vietnamese government to help resolve a dispute over $160 million in taxes Vietnam says is owed by the local unit of Honda Motor, according to online newswire VnExpress, citing a letter written by Hiroshi Kitamura, a Japanese embassy official to the Finance Ministry and tax department.

Honda disputes the tax bill, the paper reported, citing the letter. Honda rose 1 percent to 2,438 yen.

IHI Corp. (7013) (7013 JT): The heavy-machinery maker raised its full-year profit forecast by 40 percent on a sale of its stakes in New Tachikawa Aircraft Co. and Tachihi Enterprise Co. IHI rose 1.6 percent to 188 yen.

Itochu Corp. (8001) (8001 JT): The trading house will buy 30 percent of Chinese textile maker Shandong Ruyi Group in October for about $200 million, the Nikkei newspaper reported. Itochu will become the second-biggest shareholder of Shandong Ruyi, the report said. Itochu gained 2.1 percent to 796 yen.

Kobe Steel Ltd. (5406) (5406 JT): The steelmaker will spend about $230 million to build a low-cost mill in Michigan with Cliffs Natural Resources, the Nikkei newspaper reported. The stock climbed 2.9 percent to 143 yen.

New Tachikawa Aircraft Co. (5996 JT) and Tachihi Enterprise Co. (8821 JT): The real-estate companies said they will be acquired through a management buyout. New Tachikawa last traded at 2,550 yen. Tachihi advanced 0.3 percent to 4,020 yen.

Nippon Building Fund Inc. (8951) (8951 JT): The real-estate investment trust plans to borrow a total of 35 billion yen from Mitsubishi UFJ Trust & Banking Corp. to fund the acquisition of Mitsubishi Heavy Industries Ltd. (7011)’s (7011 JT) Tokyo headquarters building, according to a statement. Nippon Building was unchanged at 817,000 yen. Mitsubishi Heavy lost 1.5 percent to 323 yen.

Nippon Carbide Industries Co. (4064 JT): The chemical- products maker plans to raise as much as 2 billion yen in a public share sale, according to a filing with Japan’s finance ministry. The stock advanced 1.9 percent to 158 yen.

Nippon Steel Corp. (5401) (5401 JT): The steelmaker plans to start production of coking coal at its Revuboe project in Mozambique in 2014, Reuters reported, citing a company official. The stock rose 2.2 percent to 228 yen.

Nisshinbo Holdings Inc. (3105) (3105 JT): The textile maker cut its full-year net income projection by 25 percent to 9 billion yen, citing an impact from unit New Japan Radio Co.’s (6911 JT) reorganizations. New Japan Radio, a maker of integrated circuits, reversed its full-year forecast to a net loss of 7 billion yen from a 300 million yen profit as it takes a charge to cut about 300 jobs. Nisshinbo gained 2.6 percent to 739 yen. New Japan soared 8.6 percent to 165 yen.

Sony Corp. (6758) (6758 JT): The electronics maker said it’s planning to double its revenue from image sensors used in digital cameras and mobile phones to take pictures. The company aims to generate 500 billion yen to 600 billion yen from image sensors, said Jin Tomihari, a Sony spokesman in Tokyo, without providing a specific timeframe. Sony jumped 3.5 percent to 1,695 yen.

Taiheiyo Cement Corp. (5233) (5233 JT): The cement maker plans to raise as much as 37.5 billion yen by selling shares to the public, according to a filing with the nation’s finance ministry. The stock was unchanged at 158 yen.

Temp Holdings Co. (2181 JT): The human-resources company said it will acquire a 90 percent stake in Nikkeistaff Inc. (5645569Z JP), a wholly owned staffing unit of newspaper publisher Nikkei Inc. Temp was unchanged at 745 yen.

Tokyo Electric Power Co. (9501 JT): The utility, known as Tepco, may receive as many as 500,000 claims from individuals and companies for damage through to the end of August after the Fukushima nuclear disaster, Managing Director Naomi Hirose said. The stock slipped 1.5 percent to 389 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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