Ibiden, Komatsu, Kyocera, Nintendo, Sony: Japan Stocks 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 JT): The world’s biggest maker of memory-chip testers swung to a net loss of 4.54 billion yen ($60 million) in the six months ended Sept. 30, from 2.59 billion yen profit a year earlier, dragged down by stock devaluation losses. The stock climbed 0.9 percent to 931 yen.

CyberAgent Inc. (4751 JT): The online advertising agency said it will buy back up to 1.33 percent of its outstanding shares. It also said it expects a 16 percent rise in net income to 8.5 billion yen this fiscal year. The stock rose 0.5 percent to 231,700 yen.

Daiwa Securities Group Inc. (8601 JT): The brokerage will cut about 20 percent of its payroll in Europe, broadcaster NHK reported, without saying where it obtained the information. The stock jumped 5.5 percent to 289 yen.

Ibiden Co. (4062 JT): The maker of electronics and ceramics cut its full-year net-income forecast 73 percent to 3.3 billion yen, citing losses related to the stronger yen. The stock rose 0.3 percent to 1,960 yen.

Komatsu Ltd. (6301 JT): The world’s second-biggest maker of construction and mining machinery plans to buy back as much as 1.65 percent of its outstanding shares for up to 30 billion yen from Nov. 7 to Dec. 28. The company also lowered its full-year net-income forecast 7 percent to 186 billion yen. The stock jumped 4 percent to 1,916 yen.

Kyocera Corp. (6971 JT): The manufacturer of electronic parts cut its full-year net-income forecast 22 percent to 87 billion yen, citing Europe’s financial difficulties and the yen’s appreciation. The stock rose 1.6 percent to 7,200 yen.

Marui Group Co. (8252 JT): The department-store operator and consumer lender said net income was 1.1 billion yen for the six months ended Sept. 30, missing its forecast by 63 percent as the value of its stock investments dropped. Operating profit in the period was 7.7 billion yen, 28 percent more than the company expected, Marui said in a preliminary earnings statement. The stock rose 1.5 percent to 612 yen.

Nikon Corp. (7731 JT): First-half net income beat its forecast by 39 percent after selling more digital cameras than expected, according to a preliminary earnings statement. The stock gained 1.5 percent to 1,713 yen.

Nintendo Co. (7974 JO): The world’s largest maker of video-game machines forecast its first annual loss in at least 30 years after the yen strengthened and the company cut the price of its new 3DS console. The company expects a net loss of 20 billion yen for the fiscal year ending in March, compared with an earlier forecast of 20 billion yen in profit, Nintendo said. The stock fell 0.6 percent to 11,110 yen.

Olympus Corp. (7733 JT): Terumo Corp. (4543 JT), a maker of medical devices and 10th-largest shareholder in Olympus, urged the optical company to disclose “as soon as possible” the findings of an independent investigation into past acquisitions. Terumo President Yutaro Shintaku commented at a briefing in Tokyo. Olympus surged 23 percent to 1,355 yen.

Omron Corp. (6645 JO): The maker of electronic components lowered its full-year net-income outlook 21 percent to 27 billion yen, citing the currency’s strength. The stock advanced 3.9 percent to 1,850 yen.

Sharp Corp. (6753 JT): Japan’s largest producer of liquid-crystal displays cut its annual sales and operating profit forecast citing a stronger yen and weakness in the U.S. and European economies. The stock rallied 3.7 percent to 694 yen.

Softbank Corp. (9984 JT): Japan’s third-largest mobile-phone carrier’s first-half net income more than doubled to 217.3 billion yen from 76.8 billion yen a year earlier, helped by the sale of Apple Inc.’s iPhones. Softbank shares rose 0.9 percent to 2,450 yen.

Sony Corp. (6758 JT): Japan’s leading exporter of consumer electronics agreed to acquire a 50 percent stake in its 10-year-old mobile-phone venture with Ericsson AB (ERICB SS). Its partner will get 1.05 billion euros ($1.5 billion) in cash for its interest in Sony Ericsson Mobile Communications AB, the Swedish company said in a statement. Sony gained 5.4 percent to 1,650 yen.

Terumo Corp. (4543 JT): The maker of medical devices on Nov. 10 plans to retire 21 million shares, or 9.96 percent of its outstanding stock, according to a statement. The company also cut its net income outlook to 32.5 billion yen from 38.5 billion yen. The stock rose 2.4 percent to 3,870 yen.

Tokyo Electric Power Co. (9501 JT): The utility known as Tepco expects to get about 900 billion yen in a public aid, up from the 700 billion yen originally planned, to help pay compensation for the Fukushima nuclear disaster, the Nikkei newspaper reported, without citing anyone. Tepco also plans to target 240 billion yen in cost cuts and up to 400 billion yen in asset sales this fiscal year, the report said. The stock sank 4.4 percent to 306 yen.

Tokyu Corp. (9005 JT): The railway operator said it will sell train car operations to East Japan Railway Co. (9020 JT). Tokyu expects to book about 4 billion yen charge from the sale. The stock rose 0.8 percent to 374 yen. East Japan Railway, the nation’s largest train operator by sales, advanced 1.4 percent to 4,590 yen.

West Japan Railway Co. (9021 JT): Japan’s third-largest rail operator by market value raised its full-year net-income forecast 31 percent to 40 billion yen. The stock rose 1.6 percent to 3,280 yen.

Before it's here, it's on the Bloomberg Terminal. LEARN MORE