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Japan Tobacco, Olympus, Sumitomo Mitsui: Japan Equity Preview

Oct. 29 (Bloomberg) -- 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.

Today is the peak day for earnings reports in Japan, with about 270 of the 1,662 companies in the Topix index scheduled to report results, according to data compiled by Bloomberg.

Advantest Corp. (6857 JT): The world’s biggest maker of memory-chip testers reported first-half net income of 2.59 billion yen ($32 million) from a year-earlier loss, as sales almost tripled. The profit was 16 percent below the company’s forecast. The stock slumped 1.6 percent to 1,683 yen.

Astellas Pharma Inc. (4503 JT): Japan’s second-biggest drugmaker said it filed a patent-infringement lawsuit against Nycomed US Inc. after Nycomed applied for approval of a generic version of the Japanese drugmaker’s Protopic ointment. Astellas slid 0.2 percent to 3,005 yen.

Capcom Co. (9697 JT): The video-game developer said net income in the fiscal first half fell 40 percent from a year earlier to 1.78 billion yen. The stock lost 1.1 percent to 1,281 yen.

Dainippon Sumitomo Pharma Co. (4506 JT): The drugmaker said its experimental schizophrenia medicine won U.S. regulatory approval, paving the way for the Japanese company to compete for a share of the $14.5 billion market for antipsychotic drugs. Dainippon Sumitomo slid 1.9 percent to 677 yen.

Daiwa House Industry Co. (1925 JT): The homebuilder’s net profit may have risen 31 percent to about 28 billion yen for the six months ending Sept. 30, Nikkei English News said. That would exceed an earlier projection of a 34 percent decline to 14 billion yen, Nikkei said. The stock lost 1.1 percent to 877 yen.

Hitachi Ltd. (6501 JT): The electronics maker raised its full-year net income forecast 54 percent to 200 billion yen, citing lower costs than expected, and said sales will beat its original outlook. The stock sank 1.1 percent to 350 yen.

Japan Tobacco Inc. (2914 JT): The world’s third-largest publicly traded cigarette maker cut its full-year net income forecast 14 percent to 115 billion yen as a stronger yen reduces overseas revenue. First-half operating profit rose 22 percent to 198.9 billion yen. The stock slipped 1.1 percent to 260,600 yen.

Kansai Electric Power Co. (9503 JT): Japan’s second-largest utility raised its full-year net income outlook 29 percent to 103 billion yen. The stock rose 0.3 percent to 1,956 yen.

Komatsu Ltd. (6301 JT): The world’s second-largest maker of mining trucks and excavators boosted its full-year net income projection 14 percent to 120 billion yen, with growing sales. The stock slumped 0.9 percent to 1,937 yen.

Konica Minolta Holdings Inc. (4902 JT): The maker of film used in liquid-crystal displays said first-half net income more than doubled to 8.64 billion yen, while the company cut its current profit forecast 6.5 percent. The stock advanced 0.6 percent to 833 yen.

Kyocera Corp. (6971 JT): The maker of electronic components raised its full-year net income forecast 24 percent to 105 billion yen, citing sales of industrial-machinery parts and telecommunication equipment. The stock leapt 0.7 percent to 8,330 yen.

Mitsui & Co. (8031 JT), Itochu Corp. (8001 JT): Mitsui may post a 170 percent gain in first-half net income to about 200 billion yen for the six months ended Sept. 30, Nikkei English News said. Itochu’s first-half net income may gain 63 percent to about 90 billion yen, the report said. Both companies are benefiting from rising resource prices, the Nikkei said. Mitsui fell 0.3 percent to 1,282 yen. Itochu slid 0.1 percent to 717 yen.

NEC Corp. (6701 JT): Japan’s largest maker of personal computers posted a second-quarter profit that beat analyst estimates after reducing its stake in an unprofitable semiconductor business. The stock was unchanged at 229 yen.

Nippon Sheet Glass Co. (5202 JT): The glassmaker has set an operating target of 65 billion yen for the year ending 2014, Nikkei English News reported. That figure is about four times the company’s forecast profit for the current fiscal year, Nikkei said. The stock advanced 1.1 percent to 180 yen.

NGK Insulators Ltd. (5333 JT): The maker of electrical insulators and industrial ceramic products said first-half net income almost tripled to 11 billion yen a year earlier, with growing sales. The company cut its full-year net income forecast 6 percent to 23.5 billion yen. The stock rallied 3.5 percent to 1,541 yen.

Nintendo Co. (7974 JO): The world’s largest maker of video-game machines had a 15 percent drop in fiscal second-quarter profit after demand for the Wii console and DS handheld players slumped. The stock fell 0.7 percent to 21,290 yen.

Nissan Motor Co. (7201 JT): Japan’s third-largest automaker said it’s recalling about 2.2 million cars and light trucks globally to fix an ignition defect that can cause an engine to stall. Nissan Motor rose 0.3 percent to 732 yen.

NTT DoCoMo Inc. (9437 JT): Japan’s largest mobile-phone company said net income rose 8.8 percent to 309.7 billion yen in the six months ended Sept. 30. The stock advanced 0.5 percent to 135,200 yen.

Olympus Corp. (7733 JT): The maker of optoelectronic products may post a 19 billion yen pretax profit for the six months ended in September, higher than its projection of 17.5 billion yen, Nikkei English News reported. The stock fell 0.7 percent to 2,172 yen.

Panasonic Electric Works Co. (6991 JT): The building-materials maker had a return to first-half net income of 9.92 billion yen from a year-earlier loss. The stock rose 0.1 percent to 1,067 yen.

Ricoh Co. (7752 JT): The maker of office equipment said first-half net income jumped to 12.5 billion yen from 1.81 billion yen a year earlier. The stock fell 0.6 percent to 1,182 yen.

Seiko Epson Corp. (6724 JT): The printer maker will exit the LCD panel market in March, after posting losses on price competition, Nikkei English News said. The stock lost 0.7 percent to 1,280 yen.

Sharp Corp. (6753 JT): Japan’s largest maker of liquid-crystal displays cut its annual net income forecast by 40 percent to 30 billion yen, citing the stronger yen and falling prices of panels. The stock increased 0.2 percent to 844 yen.

Softbank Corp. (9984 JT): Japan’s third-largest mobile-phone operator said net income gained 32 percent to 57.4 billion yen in the three months ended Sept. 30. Softbank slid 0.9 percent to 2,645 yen.

Sumitomo Mitsui Financial Group Inc. (8316 JT): Japan’s second-largest bank’s net income was about 410 billion yen in the six months ended Sept. 30, beating its 160 billion yen profit forecast, according to a preliminary earnings statement. The stock declined 0.8 percent to 2,362 yen.

Sumitomo Osaka Cement Co. (5232 JT): The cement maker said in a preliminary earnings statement that its first-half net loss was 650 million yen, narrower than its forecast for a loss of 900 million yen, citing higher-than-expected sales and reduced costs. The stock retreated 2.5 percent to 157 yen.

Terumo Corp. (4543 JT): The maker of medical devices cut its full-year net-income outlook 13 percent to 36.3 billion yen, after revising its assumption for foreign-exchange rates. The stock slipped 0.7 percent to 4,250 yen.

Toshiba Corp. (6502 JT): The electronics maker, Intel Corp. (INTC US) and Samsung Electronics Co. (005930 KS) are working to develop technologies to reduce chip line widths by more than half to about 10 nanometers by 2016, Nikkei English News reported. Toshiba fell 0.7 percent to 407 yen.

West Japan Railway Co. (9021 JT): Japan’s third-largest rail operator by market value boosted its full-year net income forecast 23 percent to 34.5 billion yen. The stock advanced 1.1 percent to 294,700 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at

To contact the editor responsible for this story: Darren Boey at

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