Ajinomoto, Asahi, HSBC, Shinsei, Toshiba: Asian Stocks Preview

The following companies may have unusual price changes in Asian trading tomorrow. 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.

Ajinomoto Co. (2802 JT): The seasoning maker said it will spend as much as 50 billion yen ($626 million) to buy back up to 7.4 percent of its outstanding shares through Jan. 21. The company forecast net income will rise 5.4 percent to 44 billion yen this fiscal year. The stock climbed 1.4 percent to 1,043 yen.

Asahi Group Holdings Ltd. (2502) (2502 JT): The brewer said it has agreed to pay Ajinomoto about 120 billion yen for milk-beverage maker Calpis Co. (2591 JP). Asahi added 0.3 percent to 1,762 yen.

China Oriental Group Co. (581) (581 HK): Moody’s Investors Service cut the corporate family rating and senior unsecured rating of the iron and steel products maker to Ba2 from Ba1, citing a deterioration in operating performance. The stock fell 1.5 percent to HK$1.95.

Gree Inc. (3632) (3632 JT): The operator of social-network games reported net income of 13.4 billion yen in the three months ended March 31, compared with 4.7 billion yen a year earlier. The stock fell 0.1 percent to 1,650 yen.

Hitachi Metals Ltd. (5486) (5486 JT): The metal products maker will acquire 5 percent of Gloria Material Technology Corp. (5009 TT) to partner with the Taiwan-based specialty steelmaker, according to a statement. Hitachi Metals climbed 2.3 percent to 962 yen.

HSBC Holdings Plc (5) (5 HK): Europe’s largest lender by market value said first-quarter profit rose 26 percent to $6.8 billion, beating the $5.9 billion median estimate in a Bloomberg analyst survey. The stock rose 0.5 percent to HK$69.05.

Namco Bandai Holdings Inc. (7832) (7832 JT): The operator of arcades and theme parks forecast a 9.3 percent drop to 19.3 billion yen in full-year profit, missing analysts estimates for a 20.8 billion yen gain. The stock fell 2.6 percent to 1,057 yen.

NTT Data Corp. (9613) (9613 JT): The network service provider forecast net income will rise 25 percent to 38 billion yen for the year ending March 2013, missing analysts’ estimate of 47.3 billion yen. The stock gained 0.4 percent to 274,800 yen.

Riso Kagaku Corp. (6413) (6413 JT): The maker of printers and copiers reported a 54 percent drop in full-year net income to 2.9 billion yen, missing its forecast by 18 percent. The company also announced it will spend as much as 1 billion yen buying back up to 3.3 percent of its shares. Riso Kagaku fell 0.5 percent to 1,104 yen.

Shinsei Bank Ltd. (8303) (8303 JT): The lender said net income plunged 85 percent to 6.4 billion yen in the year ended March 31 on falling revenue. The stock added 1 percent to 100 yen.

Sumitomo Heavy Industries Ltd. (6302) (6302 JT): The maker of ships and construction machinery posted profit of 19.5 billion yen in the year through March, missing the median analyst estimate for net income of 20.9 billion yen. The shares rose 2.6 percent to 390 yen.

Toshiba Corp. (6502) (6502 JT): The world’s second-largest maker of flash memory chips predicted profit will rise 83 percent to 135 billion yen in the year ending March 31 amid higher demand for semiconductors used in smartphones and tablet computers. The stock gained 2.9 percent to 317 yen.

Whirlpool of India Ltd. (WHIRL IN): The appliances maker posted fourth-quarter profit of 371.6 million rupees, compared with 471.8 million rupees a year earlier, according to an exchange filing. Shares added 0.2 percent to 208.95 rupees.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Masaaki Iwamoto in Tokyo at miwamoto4@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

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