Fujitsu, Heiwa, M3, Nippon Yusen, Resona: 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.

Capcom Co. (9697 JT): The game developer and amusement center operator said net income fell 49 percent to 906 million yen ($12 million) in the six months ended Sept. 30 on a 28 percent drop in revenue. The stock rose 3.2 percent to 2,052 yen.

Fujitsu Ltd. (6702) (6702 JT): Japan’s biggest computer-services provider said first-half net income plunged 70 percent to 5.77 billion yen, missing its break-even outlook. The company said profit was dragged down by foreign exchange losses. The stock advanced 2 percent to 414 yen.

Heiwa Corp. (6412) (6412 JT), PGM Holdings K.K. (2466) (2466 JT): Heiwa, a maker of pachinko machines, will bid for shares of golf-course operator PGM Holdings. Heiwa will offer 52,000 yen for each share, spending as much as 65 billion yen, according to a statement from Heiwa. Heiwa gained 3.7 percent to 1,426 yen. PGM lost 1.5 percent to 39,850 yen.

Komeri Co. (8218 JT): The home-center chain raised its full-year net-income forecast 8.4 percent to 9.7 billion yen, saying quake-restoration demand is boosting sales. The stock lost 3.4 percent to 2,397 yen.

M3 Inc. (2413) (2413 JT): The medical-information service provider said first-half net income rose 41 percent to 2.03 billion yen as sales advanced 24 percent. The stock gained 1.4 percent to 376,000 yen.

Namco Bandai Holdings Inc. (7832) (7832 JT): The toymaker boosted its full-year net-income forecast 77 percent to 15 billion yen on higher-than-expected sales. The stock rose 1.5 percent to 1,054 yen.

Nippon Electric Glass Co. (5214 JT): The glassmaker said first-half net income fell 42 percent to 24.9 billion yen, citing sluggish sales of its goods used for flat-panel displays. The stock jumped 4.1 percent to 816 yen.

Nippon Yusen K.K. (9101 JT): The shipping company may have a full-year pretax loss of about 10 billion yen, compared with a previous forecast for a 10 billion yen profit, the Nikkei reported, without saying where it go the information.

Separately, Nippon Yusen signed a long-term short contract with Eni S.p.A. (ENI IM) for about 40 billion yen to transport crude oil from North Sea to land-based facilities, the Nikkei reported, with citing anybody. Nippon Yusen was unchanged at 194 yen.

Premier Investment Corp. (8956) (8956 JT): The real estate trust plans to raise as much as 15.1 billion yen by selling shares to the public, according to a filing with Japan’s finance ministry. The stock rose 0.3 percent to 277,900 yen.

Resona Holdings Inc. (8308) (8308 JT): The lender may raise its first-half net income estimate to more than 100 billion yen from 75 billion yen by the end of the month, the Nikkei newspaper reported. The stock rose 0.9 percent to 333 yen.

SBI Holdings Inc. (8473 JT): The venture-capital fund manager said net income jumped 62 percent to 1.11 billion yen, while operating profit fell 30 percent to 2.51 billion yen in the first half. The company also said it plans to acquire SBI Net Systems Co. (2355 JT), a developer of Internet security software, in a stock transaction. SBI Holdings slid 0.2 percent to 6,570 yen. SBI Net rose 0.1 percent to 7,590 yen.

Sharp Corp. (6753 JT): The electronics maker’s operating profit will likely amount to less than 90 billion yen in the fiscal year ending March, missing its 97 billion yen forecast, as the yen’s appreciation hurts its overseas earnings from televisions and solar batteries, the Nikkei newspaper reported. The stock lost 1.3 percent to 669 yen.

Softbank Corp. (9984) (9984 JT): The mobile phone operator’s operating profit probably gained 15 percent to more than 360 billion yen in the six months ended September on demand for Apple’s iPhone, the Nikkei said. The stock slid 0.9 percent to 2,428 yen.

Shimano Inc. (7309) (7309 JO): The maker of bicycle equipment and fishing gear said net income fell 21 percent to 11.4 billion yen in the nine months ended Sept. 30. The stock slipped 2 percent to 3,915 yen.

Shinko Electric Industries Co. (6967 JT): The maker of semiconductor packages swung to a first-half loss of 2.67 billion yen from a 2.17 billion yen profit a year earlier. Shinko cited sluggish demand for personal computers and digital home appliances as well as the yen’s appreciation against the dollar. The stock gained 3.1 percent to 606 yen.

Tadano Ltd. (6395) (6395 JT): The crane maker raised its full-year net-income forecast by a third to 2 billion yen, citing demand from overseas energy companies and lower administration costs. The stock slid 1.2 percent to 493 yen.

Toho Titanium Co. (5727 JT): The titanium smelter narrowed its full-year outlook for a net loss to 300 million yen from 500 million yen, citing cost cuts. The stock added 0.3 percent to 1,517 yen.

Tokyo Electric Power Co. (9501 JT): The Development Bank of Japan (DBJZ JP) may lend 300 billion yen to Tokyo Electric to help the utility compensate victims of the Fukushima disaster, resisting an earlier request for 500 billion yen, the Nikkei reported. Tepco advanced 1.6 percent to 320 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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