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Dentsu, Nidec, Takeda, Tokyo Electron: Japan Stocks 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 the last close on Oct. 7. The information in each item was released after markets shut unless stated otherwise.

Topix Core30: The Tokyo Stock Exchange will remove Tokyo Electric Power Co. (9501 JT) from its Topix Core 30 index, adding Fanuc Corp. (6954) (6954 JT), according to a statement from Tokyo Stock Exchange Inc. The change will take effect after the close of trading on Oct. 31. Tokyo Electric gained 4.3 percent to 220 yen; Fanuc rose 4.3 percent 10,980 yen.

Dentsu Inc. (4324) (4324 JT): Japan’s largest advertising company said September parent sales rose 12.6 percent from a year earlier as advertising demand increased. The stock slumped 1 percent to 2,546 yen.

Honda Motor Co. (7267 JT): The automaker said it suffered another setback to its HondaJet small aircraft as delays on the engine pushed back the first delivery until mid-2013, about a year later than the previous schedule. The stock slid 0.3 percent to 2,224 yen.

IHI Corp. (7013) (7013 JT): The Japanese maker of components used in Rolls-Royce Group Plc and General Electric Co. jet engines may say operating profit rose 3 billion yen more than expected to 17 billion yen for the six months ended Sept. 30, led by higher sales of automobile turbochargers, the Nikkei newspaper reported. The stock rose 3.6 percent to 172 yen.

Mitsubishi Heavy Industries Ltd. (7011) (7011 JT) Fuji Heavy Industries Ltd. (7270) (7270 JT) Kawasaki Heavy Industries Ltd. (7012) (7012 JT): Lockheed Martin Corp. told Japan’s defense ministry it will share technology used to manufacture F-35 fighter jets, and let Japanese companies play a role in building main components and engines for the aircraft, the Yomiuri newspaper reported.

Computers at the company have been infected with more than 50 types of viruses, Yomiuri said in a separate report.

Mitsubishi Heavy rose 1.6 percent to 317 yen, Fuji Heavy advanced 2.4 percent to 432 yen and Kawasaki Heavy surged 3.3 percent to 188 yen.

MK Capital Management Corp. (2478) (2478 JT): The Tokyo asset manager will be bought by closely held Marble Holdings through a tender offer. Marble, an investment firm also based in Tokyo, will offer 35,000 yen a share, spending as much as 5.7 billion yen ($744 million). MK Capital rose 6.2 percent to 18,800 yen.

Nidec Corp. (6594) (6594 JO): The world’s biggest maker of motors for hard-disk drives increased its stock buyback plan to as much as 47 billion yen and 6 million shares, or 4.14 percent of its outstanding stock. Nidec earlier planned to repurchase as many as 3 million shares for up to 25 billion yen. The stock fell 1.9 percent to 6,090 yen.

Onward Holdings Co. (8016 JT): The apparel maker said net income plunged 93 percent to 76 million yen in the six months ended Aug. 31. That beat the company’s estimate for a loss of 500 million yen, on a gain from selling land, Onward said in a release. The stock jumped 5.7 percent to 632 yen.

Pasona Group Inc. (2168) (2168 JT): The temporary staff services provider reversed its first-half forecast to net income of 100 million yen from a 120 million yen loss. The stock fell 0.8 percent to 75,800 yen.

Sakata Seed Corp. (1377) (1377 JT): The seed wholesaler said first-quarter net income rose 48 percent to 990 million yen, as its foreign exchange and stock valuation losses narrowed from a year earlier. The stock slid 1.4 percent to 1,149 yen.

Sekonic Co. (7758 JT): The copier maker said it will sell 2 million new shares to Mutoh Holdings Co. (7999 JT) and TCS Holdings Co. (TCSZ JP). Sekonic was unchanged at 93 yen.

Sugi Holdings Co. (7649 JT): The drugstore chain said net income jumped 90 percent to 7.4 billion yen in the six months ended Aug. 31. The stock gained 1.5 percent to 2,120 yen.

Takashimaya Co. (8233 JT): The department store raised its full-year net income forecast 29 percent to 11 billion yen, citing cost cuts and the business environment’s recovery from the March 11 earthquake. The stock rose 0.5 percent to 570 yen.

Takeda Pharmaceutical Co. (4502 JT): Japan’s biggest drugmaker said it decided to stop development of an insomnia treatment in Europe. The stock rose 0.3 percent to 3,635 yen.

Tokyo Electron Ltd. (8035) (8035 JT): The world’s second-largest maker of semiconductor equipment said orders in the three months ended September fell to 75 billion yen, from 121 billion yen in the preceding quarter. The stock jumped 5.6 percent to 3,755 yen.

Toyota Motor Corp. (7203) (7203 JT): The automakers sales in China for September rose 11 percent to 86,400 vehicles, Dow Jones newswire reported. The carmaker may also expand production outside of Japan to counter a strong yen, reducing earnings, Chief Financial Officer Satoshi Ozawa said. The stock climbed 0.4 percent to 2,549 yen.

Unicharm Corp. (8113) (8113 JT): The maker of toiletry products may say operating profit rose about 10 percent from a year earlier to 24 billion yen ($313 million) for the six months ended Sept. 30, led by higher sales of diapers and sanitary products, the Nikkei newspaper reported. The stock fell 0.7 percent to 3,590 yen.

Yoshinoya Holdings Co. (9861 JT): The restaurant chain cited cost cuts for a return to first-half net income of 721 million yen from a 934 million yen loss a year earlier. The stock slipped 0.2 percent to 98,500 yen.

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

To contact the editor responsible for this story: Jim McDonald at jmcdonald8@bloomberg.net

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