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Inpex, Mitsui Mining, Toshiba, Toyota: Japanese Equity 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.

Advantest Corp. (6857 JP): The maker of chip-testing equipment may post a 1 billion yen ($10.6 million) group operating profit for the three months ended in March, which would be the first profit since the last quarter of 2007, Nikkei English News reported. Advantest fell 0.8 percent to 2,404 yen.

Alps Electric Co. (6770 JT): The maker of auto electronics unexpectedly had full-year net income of 100 million yen ($1.1 million) on higher-than-expected demand, according to a preliminary earnings statement. The company had forecast a net loss of 7.5 billion yen. The stock rose 0.9 percent to 678 yen.

Astellas Pharma Inc. (4503 JT): The drugmaker said it extended the deadline on its $3.5 billion offer for OSI Pharmaceuticals Inc. (OSIP US) to May 17. The stock declined 1.3 percent to 3,320 yen.

Daito Trust Construction Co. (1878 JT): The builder’s full-year net income on a parent basis rose to 49 billion yen, beating its forecast by 32 percent, according to a preliminary earnings statement. Lower taxes contributed to the results, the release said. The stock gained 2 percent to 4,780 yen.

Eisai Co. (4523 JP): The drugmaker intends to finish clinical trials of its insomnia drug by the end of the year and apply to Japan’s Health Ministry for marketing approval by the end of spring 2011, the Nikkei newspaper reported. Eisai dropped 1.7 percent to 3,205 yen.

Goldcrest Co. (8871 JT): The condominium developer’s full-year net income fell more than expected to 900 million yen due to inventory asset devaluations, according to a preliminary earnings statement. The company had forecast 4 billion yen profit. The stock slumped 0.7 percent to 2,677 yen.

Hachijuni Bank Ltd. (8359 JT): The regional lender said in a preliminary earnings statement full-year net income totaled 16.9 billion yen, 28 percent more than its forecast, citing less-than-expected credit costs. The bank raised its planned year-end dividend to 3.5 yen a share from 2.5 yen. The stock rose 0.6 percent to 525 yen.

Hino Motors Ltd. (7205 JT): The automaker raised its fiscal 2015 global sales target to 220,000 vehicles a year, 20,000 units more than an earlier plan, the Nikkan Jidosha newspaper reported. The stock declined 1.4 percent to 413 yen.

Inpex Corp. (1605 JT): Japan’s largest oil explorer said it won approval to develop Kitan oil field. Inpex rose 0.3 percent to 693,000 yen.

Jafco Co. (8595 JT): The venture-capital company said its full-year net loss narrowed to 2.18 billion yen from 17 billion yen a year earlier, as sales dropped. The stock jumped 6 percent to 2,745 yen.

KDDI Corp. (9433 JT): Japan’s second-largest mobile-phone operator, forecast net income will increase 13 percent to 240 billion yen in the year started April 1, helped by a return to profit at its fixed-line business. The stock fell 0.1 percent to 459,500 yen.

Kentucky Fried Chicken Japan Ltd. (9873 JT): The fast-food chain probably had group operating profit of 5.5 billion yen ($59 million) for the fiscal year ended March 31, beating its forecast of 4.9 billion yen, Nikkei English News said. The stock rose 0.2 percent to 1690.

Kumagai Gumi Co. (1861 JT): The general contractor said in a preliminary earnings statement full-year net income amounted to 2.5 billion yen, beating its outlook by 67 percent. The stock was unchanged at 76 yen.

Melco Holdings Inc. (6676 JT): The maker of computer peripheral equipment said full-year net income jumped to 4.99 billion yen from 707 million yen a year earlier, buoyed by overseas subsidiaries. The company expects a 1.8 percent drop in profit this fiscal year. The stock gained 4.3 percent to 2,365 yen.

Mitsubishi Heavy Industries Ltd. (7011 JP): The manufacturer will open a machine tool plant near Shanghai by the end of the year, the Nikkei newspaper reported. The plant may cost as much 1 billion yen ($10.6 million), the report said. Shares were unchanged at 373 yen.

Mitsubishi Motors Corp. (7211 JT): The automaker expects to sell 180,000 vehicles in China this year, President Osamu Masuko said at the Beijing Auto Show. The stock was unchanged at 130 yen.

Mitsui Mining & Smelting Co. (5706 JT): The company will conduct a feasibility study in 2012 for a zinc-mining operation in the Atalaya region of central Peru, Nikkei English News reported. The stock was unchanged at 260 yen.

Nippon Television Network Corp. (9404 JT): The Tokyo-based commercial television broadcaster held 208,914 shares in SKY Perfect JSAT Holdings Inc. (9412 JT) as of April 19, according to a filing with Japan’s Ministry of Finance. The commercial television broadcaster said it may make management proposals to SKY Perfect JSAT. Nippon Television rose 1.8 percent to 14,300 yen. SKY Perfect JSAT gained 0.8 percent to 38,750 yen.

Nissan Chemical Industries Ltd. (4021 JT): The maker of chemicals reported full-year net income of 12.7 billion yen, 18 percent more than its forecast, according to a preliminary earnings statement. The stock slid 0.6 percent to 1,261 yen.

Nomura Real Estate Holdings Inc. (3231 JT): The property developer said in a preliminary earnings statement that full-year net income was 4.6 billion yen, short of its projection by 54 percent, on equity investment costs. The company slashed its planned year-end dividend to 5 yen a share from 20 yen. The stock gained 2.2 percent to 1,630 yen.

Press Kogyo Co. (7246 JT): The auto-parts maker said in a preliminary earnings statement that its full-year net loss was 3 billion yen, narrower than its forecast deficit of 3.95 billion yen, helped by cost cuts. The stock rose 0.8 percent to 267 yen.

Shin-Etsu Chemical Co. (4063 JP): The Tokyo-based chemicals maker may report group pretax profit of 36 billion yen ($383 million) for the January-March period, topping a previous forecast, Nikkei English News reported. Shin-Etsu fell 0.2 percent to 5,320 yen.

Toho Holdings Co. (8129 JT): The wholesaler of medicine and medical tools said in a preliminary earnings statement full-year net income amounted to 8 billion yen, 46 percent more than its forecast, with rising sales. The stock climbed 0.5 percent to 1,420 yen.

Tokyo Steel Manufacturing Co. (5423 JT): Japan’s largest electric furnace mill expects to return to profit with 5 billion yen this fiscal year as it boosts prices to counter rising costs. The stock rose 0.6 percent to 1,269 yen.

Toshiba Corp. (6502 JT): Japan’s biggest chipmaker plans to boost output of image sensors for digital cameras and mobile phones by 20 percent during the six months through September, the Nikkei English News reported.

Separately, Toshiba and IHI Corp. (7013 JT) will form a venture to make core components for nuclear power plants, Nikkei English News reported. Toshiba rose 0.2 percent to 532 yen. IHI was unchanged at 161 yen.

Toyota Motor Corp. (7203 JT): The world’s largest carmaker will probably report as much as 50 billion yen ($531 million) profit for the year ended March 31, compared with its forecast for a 20 billion yen loss, after reducing costs and benefiting from a weaker yen, Nikkei English News reported. The stock fell 0.8 percent to 3,570 yen.

United Arrows Ltd. (7606 JT): The apparel chain said in a preliminary earnings statement that full-year net income totaled 1.35 billion yen, short of its forecast by 31 percent, citing writedowns and store closures. The stock gained 2.7 percent to 1,143 yen.

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