Komatsu, Panasonic, Sumitomo Mitsui: 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.

Acom Co. (8572 JT): The consumer lender’s pretax profit may have exceeded 20 billion yen ($228 million) for the April-to-June quarter due to cost cutting, Nikkei English News reported. The stock advanced 4 percent to 1,400 yen.

Advantest Corp. (6857 JT): The world’s biggest maker of memory-chip testers reported first-quarter net income of 788 million yen from a net loss of 3.79 billion yen a year earlier, as sales tripled. The stock gained 5.7 percent to 2,007 yen.

Anritsu Corp. (6754 JT): The maker of electronic equipment posted first-quarter net income of 89 million yen, rebounding from a year-earlier net loss, as sales gained. The stock increased 1.3 percent to 467 yen.

Astellas Pharma Inc. (4503 JT): The drugmaker extended a licensing agreement with Regeneron Pharmaceuticals Inc. Astellas rose 2.2 percent to 2,986 yen.

Casio Computer Co. (6952 JT): The maker of G-Shock watches reported first-quarter net income of 981 million yen from a net loss a year earlier as sales increased. The stock advanced 2 percent to 624 yen.

Chuo Mitsui Trust Holdings Inc. (8309 JT): The company’s Chuo Mitsui Asset Trust & Banking Co. will provide investment and advisory services to Standard Life Investments Ltd. on 110 billion yen in Japanese equities, Nikkei English News reported. Chuo Mitsui climbed 4.3 percent to 316 yen.

Daido Steel Co. (5471 JT): The maker of specialty steel products boosted its full-year net income outlook 52 percent to 17.5 billion yen, citing a recovery in demand from carmakers. The stock rose 2.1 percent to 394 yen.

Fujitsu Ltd. (6702 JT): The company will own 80 percent of its planned venture with Toshiba Corp. (6502 JT) to make mobile phones, the Nikkei newspaper reported. Fujitsu increased 2.4 percent to 601 yen. Toshiba rose 2.2 percent to 463 yen.

Hino Motors Ltd. (7205 JT): Japan’s biggest maker of heavy-duty trucks raised its first-half net income forecast to 3.5 billion yen from 1 billion yen on higher sales in Asia. The stock gained 4.3 percent to 413 yen.

Hitachi Chemical Co. (4217 JT): The chemical maker said first-quarter net income surged 83 percent to 7.98 billion yen as sales rose by a quarter. The stock increased 1.3 percent to 1,707 yen.

Hitachi Kokusai Electric Inc. (6756 JT): The maker of chip-manufacturing equipment boosted its full-year net income projection 30 percent to 4.3 billion yen, saying chipmakers’ capital investment is firm. The stock rose 3.8 percent to 713 yen.

Hoya Corp. (7741 JT): The optical-glass maker’s operating profit in the three months ended June probably doubled to about 18 billion yen from a year earlier, Nikkei English News reported. The stock rallied 4.8 percent to 2,064 yen.

Itochu Corp. (8001 JT): The trading house and Noble Group Ltd. (NOBL SP) will take stakes in the initial public offering of Aston Resources, the Australian Financial Review reported. Itochu gained 3.4 percent to 698 yen.

Komatsu Ltd. (6301 JT): The world’s second-largest maker of construction equipment said first-quarter net income rose more than six-fold, boosted by higher demand in China. The stock advanced 1.6 percent to 1,814 yen.

NEC Corp. (6701 JT): Japan’s largest maker of personal computers reported its first-quarter net loss widened to 43.1 billion yen from 33.8 billion yen a year earlier after sales from its technology-services and phone-network businesses declined. The stock gained 2.5 percent to 244 yen.

Nissan Motor Co. (7201 JT): The automaker raised its fiscal 2010 global production target by 8 percent from an earlier plan to 4 million vehicles, the Nikkan Kogyo newspaper reported. The stock climbed 3.6 percent to 657 yen.

Nomura Research Institute Ltd. (4307 JT): The information-technology provider said first-quarter net income fell 33 percent to 4.08 billion yen due to increased personnel costs. The stock advanced 2.8 percent to 1,948 yen.

Omron Corp. (6645 JO): The maker of electronic components raised its full-year net income forecast 48 percent to 29.5 billion yen, citing growing capital investment at home and abroad. The stock climbed 2 percent to 2,060 yen.

Panasonic Corp. (6752 JT), Panasonic Electric Works Co. (6991 JT), Sanyo Electric Co. (6764 JT): Panasonic may buy the shares it doesn’t already own of Sanyo and Panasonic Electric this year at a combined cost of about 900 billion yen, Nikkei English News reported. Panasonic rose 2.6 percent to 1,167 yen. Panasonic Electric advanced 2.5 percent to 974 yen. Sanyo gained 4.4 percent to 118 yen.

Promise Co. (8574 JT): Japan’s second-largest consumer lender by market value recorded a net loss of 4.25 billion yen in the three months ended June 30, compared with a profit of 8.6 billion yen a year earlier, as revenue fell. The stock jumped 5.8 percent to 690 yen.

Renesas Electronics Corp. (6723 JT): The electronic components maker plans to eliminate almost 10 percent of its 50,000 employees by year-end and outsource its chip production, Nikkei English News said, citing an unpublished part of the company’s reorganization plan. The stock rose 1.9 percent to 828 yen.

Sanyo Electric Co. (6764 JT): The battery maker controlled by Panasonic Corp. (6752 JT) returned to profit in the first quarter and raised its forecast for first-half net income. Sanyo gained 4.4 percent to 118 yen. Panasonic advanced 2.6 percent to 1,167 yen.

Showa Shell Sekiyu K.K. (5002 JT): The oil refiner said in a preliminary earnings statement that first-half net income totaled 11.5 billion yen, beating its forecast of 2.7 billion yen, boosted by a gain in the value of its inventory assets after crude oil prices increased. The stock rose 2 percent to 669 yen.

Sumitomo Mitsui Financial Group Inc. (8316 JT): Japan’s third-largest publicly traded bank by assets said first-quarter net income almost tripled to 211.8 billion yen as bad-loan charges fell and trading income climbed. The stock gained 3.6 percent to 2,679 yen.

Tadano Ltd. (6395 JT): The crane maker swung to a first-quarter net loss of 995 million yen from net income a year-earlier, with a 30 percent drop in sales. The stock rose 0.9 percent to 449 yen.

Toho Titanium Co. (5727 JT): The titanium producer’s first-quarter net loss widened 1.55 billion yen from 324 million yen a year earlier, dragged down by depreciation costs. The company narrowed its full-year net loss projection to 4.5 billion yen from 4.8 billion yen. The stock advanced 1 percent to 2,340 yen.

West Japan Railway Co. (9021 JT): Japan’s third-largest rail operator by market value said first-quarter net income more than tripled to 13.6 billion yen from 4.15 billion yen a year earlier. The stock rose 0.5 percent to 321,500 yen.

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