Mitsubishi UFJ, Oriental Land, Toyota: Japan Stocks 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.

Asahi Co. (3333 JT): The bicycle retailer said sales at stores open for at least 13 months rose by 13 percent in September, buoyed by higher customer traffic. The stock slid 2.9 percent to 1,814 yen.

Disco Corp. (6146) (6146 JT): The maker of chip-manufacturing equipment said second-quarter sales dropped 22 percent to 20 billion yen ($260 million) on a parent basis. The stock sank 5.7 percent to 3,510 yen.

Fuji Co. (8278 JT): The shopping-center chain said net income plunged 97 percent to 8 million yen in the six months ended Aug. 31, citing a charge from a change in its accounting method. The retailer raised its full-year net-income outlook by 39 percent to 900 million yen on lower administration costs. The stock gained 1 percent to 1,879 yen.

Hitachi Construction Machinery Co. (6305 JT): The machinery maker’s operating profit likely amounted to about 18 billion yen in the six months ended September, beating its 16.5 billion yen profit estimate, on growing sales in South-East Asia, the U.S. and Japan, the Nikkei newspaper reported. The stock fell 2.7 percent to 1,277 yen.

Kawasaki Kisen Kaisha Ltd. (9107) (9107 JT): Japan’s third-biggest shipping line by sales said it expects a net loss of 30 billion yen for the fiscal year ending March 31 because of slumping shipping rates and a drop in the value of shares it holds. The company had forecast a profit of 2 billion yen. The stock lost 4.9 percent to 155 yen.

KDDI Corp. (9433) (9433 JT): The mobile carrier decided to release iPhone before the year-end shopping season, the Nikkei newspaper reported. KDDI, Japan’s second-largest mobile-phone operator, gained 3.7 percent to 556,000 yen.

Mitsubishi UFJ Financial Group Inc. (8306) (8306 JT): Japan’s biggest publicly traded lender said it is “firmly committed” to its long-term strategic alliance with Morgan Stanley. (MS US) Mitsubishi UFJ fell 2.8 percent to 344 yen.

Mizuho Financial Group Inc. (8411) (8411 JT): Mizuho Securities Co. (8606 JP), a unit of Japan’s third-biggest publicly traded banking group, said it will cut about 700 jobs, 10 percent of its workforce, by March 31, according to a statement on its website. Mizuho fell 1.8 percent to 112 yen.

Oriental Land Co. (4661 JT): Tokyo Disneyland and DisneySea had 10.7 million visitors during the April-September period, down 17 percent from a year earlier, Oriental Land, the park operator, said in a statement. The stock slipped 0.2 percent to 8,250 yen.

Point Inc. (2685) (2685 JT): The apparel chain said domestic same- store sales fell 8.8 percent in September from the same month a year earlier, dragged down by a 13 percent drop in the number of customers. The stock slid 2.4 percent to 3,835 yen.

Roland Corp. (7944) (7944 JO): The maker of electronic musical instruments said it will offer a severance package program to cut jobs. The stock decreased 1.2 percent to 579 yen.

Shinsei Bank Ltd. (8303) (8303 JT): The lender partly owned by J. Christopher Flowers probably posted a 90 percent drop in profit for the second quarter on securities valuation losses stemming from the global financial-market rout, according to a preliminary earnings statement. Net income fell to about 300 million yen in the three months ended Sept. 30 from 3 billion yen a year earlier, it said. The stock declined 1.1 percent to 87 yen.

Showa Shell Sekiyu K.K. (5002 JT): The refiner plans to reduce domestic processing of crude oil by 9 percent in the October-December period from a year earlier, according to a statement on its website. The stock slumped 3.4 percent to 538 yen.

Tokyo Electric Power Co. (9501 JT): The utility at the center of worst nuclear crisis since Chernobyl has to cut 7,400 jobs and reduce costs by 2.5 trillion yen during the next 10 years, a government panel investigating the utility’s finances after the Fukushima nuclear disaster said in a report. The stock dropped 0.4 percent to 239 yen.

Toyota Motor Corp. (7203) (7203 JT): The automaker will cut annual production capacity at a plant in Japan’s Shizuoka Prefecture to 180,000 vehicles from 210,000, the Asahi newspaper reports. The stock slipped 2 percent to 2,635 yen.

Uny Co. (8270 JT): The department-store chain said net income in the six months ended Aug. 20 fell 31 percent to 2.2 billion yen, while first-half operating profit rose 41 percent to 23.3 billion yen. The stock rose 0.3 percent to 728 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net

To contact the editor responsible for this story: John McCluskey at j.mccluskey@bloomberg.net.

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