Nomura, NTT, Pioneer, Rohm, SMC, 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.

Asatsu-DK Inc. (9747) (9747 JT): Japan’s third-biggest advertising agency by revenue said it returned to profitability with net income of 1.32 billion yen ($17 million) in the nine months ended Sept. 30, citing cost cuts. The company saw a loss of 2.02 billion yen a year earlier. The stock gained 3.4 percent to 1,958 yen.

Canon Marketing Japan Inc. (8060) (8060 JT), Showa Information Systems Co. (6922 JQ): Canon Marketing will acquire printer- maker Showa Information for as much as 2.4 billion yen, or 200 yen a share, according to a statement. Canon rose 1.6 percent to 902 yen, while Showa added 1 percent to 106 yen.

Credit Saison Co. (8253 JT): The consumer lender boosted its full-year net income outlook 47 percent to 25 billion yen, citing lower expenses on bad loans and administrative costs. The stock increased 1.3 percent to 1,516 yen.

Dentsu Inc. (4324) (4324 JT): Japan’s largest advertising company lowered its full-year net-income forecast 15 percent to 27.3 billion yen. The stock rose 1.3 percent to 2,318 yen.

Keikyu Corp. (9006) (9006 JT): The rail and bus operator doubled its full-year net income forecast to 4 billion yen. The stock advanced 1.4 percent to 713 yen.

Kintetsu Corp. (9041) (9041 JT): The railway company swung to a loss of 1.43 billion yen in the six months ended Sept. 30 from a 6.39 billion yen profit a year earlier. The company raised its full-year net-income outlook to 8.5 billion yen from 7.5 billion yen. The stock gained 2.2 percent to 278 yen.

Mitsui Mining & Smelting Co. (5706 JT): The metals producer slashed its full-year net-income forecast 26 percent to 13 billion yen. The stock climbed 2.6 percent to 199 yen.

Misumi Group Inc. (9962) (9962 JT): The mail-order distributor of precision-machine parts will buy back up to 1.01 percent of its outstanding shares. The company raised its full-year dividend to 22.5 yen per share from 22 yen, according to a release. The stock advanced 1.4 percent to 1,658 yen.

Nippon Telegraph & Telephone Corp. (9432) (9432 JT): Japan’s largest fixed-line phone carrier plans to retire 8.66 percent of its outstanding stock on Nov. 15. NTT will also spend as much as 220 billion yen to buy back up to 3.48 percent of its total shares, according to a statement. The company also said first- half net income fell 6 percent to 296.4 billion yen. The stock rose 1.5 percent to 4,030 yen.

Nissan Motor Co. (7201 JT): Japan’s second-biggest automaker will receive 220 million euros ($302 million) in funding from the European Investment Bank to develop its first electric cars and lithium-ion batteries in the U.K., according to an e-mailed statement from Nissan and the EIB. Nissan rose 2 percent to 727 yen.

Nomura Holdings Inc. (8604) (8604 JT), Daiwa Securities Group Inc. (8601) (8601 JT): Moody’s Investors Service downgraded Daiwa Securities’ credit rating and said it may cut Nomura Holdings as global expansions by Japan’s two biggest securities firms unravel. Nomura’s rating was put on review for possible downgrade from the current Baa2, the second-lowest investment grade, Moody’s said in a statement. Daiwa had its rating lowered one step to Baa3, with a negative outlook. Nomura gained 4.1 percent to 255 yen. Daiwa rose 4 percent to 261 yen.

Olympus Corp. (7733) (7733 JT): The Financial Services Agency will interview past and current auditors of the endoscope maker, while the Tokyo Stock Exchange will require status reports from Olympus on a third-party investigation, the Nikkei newspaper reported. The stock plunged 20 percent to 584 yen.

Pioneer Corp. (6773) (6773 JT): The maker of car-navigation systems and audio equipment withdrew its full-year earnings forecast after floods in Thailand disrupted output, according to a statement. The stock increased 0.3 percent to 300 yen.

Rakuten Inc. (4755) (4755 JQ): The online shopping site operator swung to a 18.6 billion-yen loss in the nine months ended Sept. 30, citing a charge for restructuring its credit-card operations. Rakuten had a 26.5 billion yen profit a year earlier. Operating profit in the period rose 9 percent to 48.2 billion yen, the company said in a release. The stock slumped 3.1 percent to 87,200 yen.

Rohm Co. (6963 JO): The electronic parts maker forecast a full-year loss of 18 billion yen, citing the impact of floods in Thailand and an “unexpectedly strong yen.” Rohm had projected a profit of 21 billion yen, according to a statement. The stock gained 0.9 percent to 4,000 yen.

SMC Corp. (6273 JT): The maker of directional-control devices cut its full-year net-income forecast 15 percent to 53 billion yen, citing possible decline in demand for pneumatic equipment and the yen’s appreciation. The stock slipped 0.6 percent to 12,110 yen.

Sodick Co. (6143 JT), Sodick Plustech Co. (6401 JQ): Sodick Co., a maker of electric machinery, will buy out unit Sodick Plustech for as much as 2.38 billion yen, or 210 yen a share. Sodick already owns 64.37 percent of Sodick Plustech, according to a statement. Sodick Co. gained 2.9 percent to 422 yen, while its unit was unchanged at 133 yen.

Taiyo Yuden Co. (6976 JT): The maker of electronic components said it expects a loss of 16 billion yen this fiscal year, citing slumping demand and foreign-exchange losses. The company had forecast a profit of 300 million yen. The stock climbed 2.8 percent to 548 yen.

Toyota Motor Corp. (7203) (7203 JT): Asia’s biggest carmaker will resume production in Thailand Nov. 21 after flooding brought factories to a halt, the company said in a statement. The stock gained 1.6 percent to 2,542 yen.

Trend Micro Inc. (4704) (4704 JT): The maker of security software said it expects a 33 percent gain in net income to 16.9 billion yen in the fiscal year ending Dec. 31. The stock added 0.6 percent to 2,697 yen.

Yamada Denki Co. (9831 JT): The electronics retailer said first-half net income soared 45 percent to 40.9 billion yen, 24 percent more than the company’s estimate of 33.1 billion yen. The stock advanced 0.7 percent to 5,810 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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