All Nippon, Mitsui, Nissan, Shimano, Sony: 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.

All Nippon Airways Co. (9202 JT): The airline will cut 150 jobs, or about 1 percent of its workforce, focusing on employees over age 45, excluding pilots, the Nikkei newspaper reported, without citing anyone. All Nippon, Asia’s largest listed carrier by sales, slid 0.4 percent to 244 yen.

Asahi Glass Co. (5201) (5201 JT): The glass producer said it expects a 16 percent drop in net income to 80 billion yen ($1 billion) this fiscal year. The stock climbed 2.2 percent to 642 yen.

Credit Saison Co. (8253) (8253 JT): The consumer lender said net income rose 13 percent to 21.4 billion yen in the nine months ended Dec. 31, buoyed by lower costs of bad loans, advertizing and personnel. The stock added 0.6 percent 1,576 yen.

Daikin Industries Ltd. (6367) (6367 JT): The maker of air- conditioning equipment said net income jumped to 31.3 billion yen in the nine months ended Dec. 31 from 11.8 billion yen a year earlier, with higher sales. Daikin cut its full-year profit forecast 22 percent to 36 billion yen. The stock advanced 1.2 percent to 2,217 yen.

Disco Corp. (6146) (6146 JT): The maker of chip-manufacturing equipment lowered its full-year operating-profit forecast 8.9 percent to 9.2 billion yen, citing slumping capital investment by customers. The stock slid 1.3 percent to 4,085 yen.

Dowa Holdings Co. (5714) (5714 JT): The metal smelter said net income fell by about a third to 6.49 billion yen in the nine months ended Dec. 31. The stock rose 0.2 percent to 514 yen.

Edion Corp. (2730) (2730 JT): The electronics retailer cut its full-year net income forecast 25 percent to 9 billion yen, as falling prices of digital home appliances pushed sales down more than expected. The stock climbed 1 percent to 607 yen.

Itoham Foods Inc. (2284) (2284 JT): The producer of processed meat products cut its full-year net-income forecast 53 percent to 1.9 billion yen, citing falling chicken prices and slumping gift sales. The stock slid 0.3 percent to 306 yen.

Mitsubishi Materials Corp. (5711) (5711 JT): Japan’s third-largest copper producer said net income rose 27 percent to 26.5 billion yen in the nine months ended Dec. 31, while operating profit fell 3 percent to 43.7 billion yen for the period. The stock climbed 2.1 percent to 244 yen.

Mitsui & Co. (8031 JT): The trading house is interested in buying a stake in Woodside Petroleum Ltd.’s (WPL AU) proposed Browse liquefied natural gas project in Australia, a spokesman for Mitsui said by telephone from Tokyo. Mitsui rose 0.3 percent to 1,325 yen.

Nissan Motor Co. (7201 JT): Japan’s second-biggest carmaker by revenue reported third-quarter profit that beat analysts’ estimates on record sales in China. Net income was 82.7 billion yen in the three months ended Dec. 31, Nissan said in a statement. That compares with the 71.3 billion yen average of analyst forecasts compiled by Bloomberg. The stock gained 2.4 percent to 774 yen.

Shimano Inc. (7309) (7309 JO): The maker of bicycle parts and fishing gear said it expects a 21 percent rise in net income to 24 billion yen this fiscal year. Shimano also said it will retire 1.15 percent of its outstanding shares on Feb. 13. The stock increased 1 percent to 3,945 yen.

Sony Corp. (6758) (6758 JT): The electronics maker, which widened its loss forecast for the current fiscal year, had its credit rating lowered one level to “BBB+” by Standard & Poor’s because of falling prices, waning demand and tougher competition. The stock rose 1.9 percent to 1,542 yen.

Taiyo Nippon Sanso Corp. (4091) (4091 JT): The industrial-gas producer cut its full-year operating profit forecast 14 percent to 30 billion yen with falling sales. The company raised its net income projection 10 percent to 19.5 billion yen for the period, citing a gain from sale of the safe delivery source operations. The stock gained 3.2 percent to 542 yen.

Tohoku Electric Power Co. (9506 JT): The utility has resumed commercial operations at its Sendai No. 4 thermal unit, compared with a previous plan to begin in March. The stock slipped 0.7 percent to 745 yen.

Toho Zinc Co. (5707) (5707 JT): The non-ferrous metal smelter swung to a nine-month loss of 463 million yen from net income of 8.09 billion yen a year earlier, dragged down by foreign exchange-related losses. The stock added 1 percent to 317 yen.

Zensho Co. (7550 JT): The restaurant chain’s April-December operating profit probably rose 40 percent to about 17 billion yen from a year earlier, the Nikkei reported, without saying where it got the information. The stock slipped 0.2 percent to 1,032 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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