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Daiseki, Nippon Sheet, Sanrio, Toshiba: Japan Equity Preview

April 14 (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.

Cosmos Pharmaceutical Corp. (3349 JT): The drugstore operator said nine-month net income rose 12 percent to 4.02 billion yen ($48 million) on growing sales. The stock leapt 2.5 percent to 3,550 yen.

Daiseki Co. (9793 JT): The waste-disposal company said it expects an 11 percent increase in net income to 3.47 billion yen on a 14 percent gain in sales. The stock advanced 1.4 percent to 1,571 yen.

Eisai Co. (4523 JT): The drugmaker’s experimental epilepsy drug didn’t cut seizure rates significantly more than a placebo in patients who didn’t improve on previous treatments, a researcher said at the American Academy of Neurology meeting. While the study failed to find a definitive benefit for its two main goals, a third analysis favored by U.S. regulators showed patients had 26 percent to 35 percent fewer seizures over 28 days on perampanel, compared with 21 percent in those on a placebo. The stock rose 0.4 percent to 3,010 yen.

Fuji Heavy Industries Inc. (7270 JT): Subaru, the automobile brand of Fuji Heavy, is scaling back production at its U.S. auto-assembly plant because of reduced parts supplies after Japan’s record earthquake. The stock gained 1.7 percent to 546 yen.

Fujitsu Ltd. (6702 JT): Japan’s biggest computer-services provider plans to access BT Group Plc’s network to extend U.K. fiber broadband to 5 million homes and businesses, at a cost of as much as 2 billion pounds ($3.3 billion). Fujitsu slid 0.7 percent to 448 yen.

JVC Kenwood Holdings Inc. (6632 JT): The electronics maker probably had pretax profit of about 6 billion yen in the fiscal year that ended on March 31, the Nikkei newspaper reported. It would be the company’s first profit since the 2008 merger that created the company, the report said. The stock rallied 3.8 percent to 413 yen.

Kajima Corp. (1812 JT): Kajima and three other Japanese general contractors may record a combined 80 billion yen loss for last fiscal year from a stalled Algerian highway project, the Nikkei newspaper reported. The stock gained 3 percent to 239 yen.

NEC Corp. (6701 JT): Japan’s largest maker of telecom equipment is considering making acquisitions in Latin America as the company aims to double sales in the region to $1 billion within two years, senior Vice President Toshiyuki Mineno told reporters in Sao Paulo. The stock rose 0.6 percent to 172 yen.

Nippon Sheet Glass Co. (5202 JT): The glassmaker will invest 36 million pounds ($59 million) to increase production capacity of energy-saving glazing products in the U.K., according to a statement on the Japanese company’s website. The stock increased 0.8 percent to 241 yen.

Plenus Co. (9945 JT): The distributor of boxed meals forecast net income will fall 9.4 percent to 2.2 billion yen. The stock slipped 0.4 percent to 1,235 yen.

Renown Inc. (3606 JT): The apparel maker said its full-year net loss narrowed to 1.13 billion yen from 10.9 billion yen a year earlier, aided by lower administration costs. The stock jumped 7.3 percent to 177 yen.

Sanrio Co. (8136 JT): The maker of Hello Kitty character goods said in a preliminary earnings statement that full-year net income amounted to 9.1 billion yen, 30 percent more than its 7 billion yen outlook, citing its “favorable” overseas license operations. The stock rose 0.2 percent to 2,313 yen.

Sharp Corp. (6753 JT) and JS Group Corp. (5938 JT): The companies agreed to set up a venture to make energy-efficient equipment for homes, the Nikkei newspaper reported. Sharp gained 1.5 percent to 765 yen. JS declined 2.1 percent to 2,003 yen.

Shimachu Co. (8184 JT): The furniture-store chain said first-half net income gained 47 percent to 3.8 billion yen, with higher sales. The stock was unchanged at 1,769 yen.

Shochiku Co. (9601 JT): The movie producer and theater operator said in a preliminary earnings statement that full-year net income totaled 700 million yen, beating its 330 million yen profit estimate, due to a gain from sale of the unit’s operations. The stock slid 0.2 percent to 571 yen.

Tokyo Electric Power Co. (9501 JT): The operator of the crippled Fukushima Dai-Ichi nuclear power plant is considering a reorganization, President Masataka Shimizu said. Tokyo Electric will relocate an emergency generator at the Fukushima Dai-Ichi power plant to a hill by Friday to ensure that power to cooling systems won’t be disrupted by an earthquake or tsunami, NHK reported on its website. The stock surged 12 percent to 502 yen.

Tokyo Style Co. (8112 JT): The apparel maker posted a full-year net loss of 10.5 billion yen, dragged down by charges related to deferred tax assets, according to a preliminary earnings statement. The company had forecast a 4.7 billion yen profit. The stock was unchanged at 574 yen.

Toshiba Corp. (6502 JT): Japan’s biggest maker of nuclear reactors approached Hitachi Ltd. (6501 JT) to propose jointly dismantling Tokyo Electric Power Co.’s stricken Fukushima Dai-Ichi plant, the Yomiuri newspaper reported. Separately, Toshiba has no plan to sell its stake in Phison Electronics Corp. (8299 TT), Keisuke Ohmori, a Toshiba spokesman, said by telephone from Tokyo. Toshiba gained 1.5 percent to 396 yen. Hitachi climbed 2.3 percent to 409 yen.

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

To contact the editor responsible for this story: Nick Gentle at

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