Aoyama, Bridgestone, Daiei, Panasonic, Toray, Toyota: Japan Equity Preview
The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses and share prices are from the previous close. The information in each item was released after markets shut, unless stated otherwise.
Aoyama Trading Co. (8219 JO): The menswear retailer projected a 30 percent increase in full-year net income to 7.3 billion yen ($79.1 million). It said its profit for the year ended March dropped 21 percent as sales fell. The stock lost 3 percent to 1,532 yen.
Bridgestone Corp. (5108 JT): The tiremaker more than doubled its first-half profit forecast to 27 billion yen from 11 billion yen, citing rising sales and improving efficiency as a result of greater capacity utilization. The stock gained 0.5 percent to 1,561 yen.
Capcom Co. (9697 JT): The publisher of the “Monster Hunter” video-game series booked 2.17 billion yen in full-year net income, 73 percent lower than a year earlier. It forecast profit will jump to 8 billion yen this fiscal year as sales increase. The stock slumped 4.1 percent to 1,752 yen.
Daiei Inc. (8263 JT): The Japanese supermarket chain plans to close 20 stores by the end of February 2013 to restore its earnings power, Nikkei English News said. The stock rallied 1.5 percent to 419 yen.
Don Quijote Co. (7532 JT): The discount-store operator’s net income for the nine months ended March 31 jumped to 9.39 billion yen from 4.23 billion yen a year earlier as sales increased. The stock declined 3.3 percent to 2,486 yen.
Ebara Corp. (6361 JT): The pumpmaker booked 5.44 billion yen in full-year net income, 8.8 percent higher than it forecast. The company said it expects its profit to gain 65 percent this fiscal year. The stock slid 1.3 percent to 461 yen.
Fuji Oil Co. (2607 JT): The producer of palm and coconut oil said full-year net income rose 43 percent to 10.7 billion yen while sales declined. The company projected a 6.8 percent drop in profit this fiscal year. The stock slipped 0.5 percent to 1,262 yen.
Genky Stores Inc. (2772 JQ): The drugstore operator plans to raise as much as 450 million yen by selling shares to the public, according to a filing with Japan’s Finance Ministry. The stock lost 3.4 percent to 1,329 yen.
Isetan Mitsukoshi Holdings Ltd. (3099 JT): The retailer said in a preliminary earnings statement its full-year net loss totaled 63.5 billion yen, narrower than a 65 billion yen loss it had earlier projected. The stock dropped 3.6 percent to 1,015 yen.
JX Holdings Inc. (5020 JT): The energy company plans to double overseas sales of lubricants to 600,000 kiloliters in the year to March 2016, the Nikkei newspaper reported, without saying where it got the information. The stock price dropped 2.2 percent to 488 yen.
Keyence Corp. (6861 JT): The sensor maker forecast its net income will rise 38 percent to 52 billion yen this fiscal year. It booked a 10 percent drop in profit for the year ended in March as sales declined. The stock retreated 3.6 percent to 21,130 yen.
Kirin Holdings Co. (2503 JT): Japan’s largest beverage maker booked 6.16 billion yen in net income for the three months ended March 31, compared with a loss of 6.17 billion yen a year earlier. The stock lost 1.9 percent to 1,306 yen.
Kobayashi Pharmaceutical Co. (4967 JT): The drug and medical equipment maker projected an 8.1 percent gain in full- year net income to 10 billion yen. The company raised the planned yearend dividend to 33 yen a share from 29 yen. The stock lost 1.2 percent to 3,715 yen.
Minebea Co. (6479 JT): The ball-bearing maker said net income for the year ended March 31 jumped to 6.66 billion yen from 2.44 billion yen a year earlier, while sales dropped 11 percent. It forecast its profit will increase 88 percent this fiscal year. The stock fell 1.7 percent to 529 yen.
Nabtesco Corp. (6268 JT): The hydraulic-equipment maker posted full-year net income of 4.02 billion yen, 34 percent higher than it forecast. The company expects its profit will more than double to 8.1 billion yen this fiscal year. The stock dropped 2.1 percent to 1,109 yen.
Nagoya Railroad Co. (9048 JT): The rail company’s net income for the year ended March 31 totaled 5.7 billion yen, beating its forecast by 42 percent, according to a preliminary earnings statement. The stock fell 2.7 percent to 251 yen.
Namco Bandai Holdings Inc. (7832 JT): The video-game developer said it expects net income of 4.5 billion yen this fiscal year from a net loss of 29.1 billion yen. The company booked the loss for the year ended March 31 as sales declined 11 percent. The stock fell 2.3 percent to 893 yen.
Nippon Meat Packers Inc. (2282 JT): Japan’s biggest producer of ham and sausage said in a preliminary earnings statement full-year net income increased more than expected to 15.7 billion yen from 1.66 billion yen a year earlier. It had projected a 12 billion yen profit. The stock retreated 4.2 percent to 1,121 yen.
Nitto Denko Corp. (6988 JT), Mitsubishi Rayon Co. (3404 JT): The companies said they will terminate a venture contract for water-membrane-technology development. Nitto Denko dropped 3.3 percent to 3,485 yen. Mitsubishi Rayon slid 2.7 percent to 368 yen.
NTN Corp. (6472 JT): The bearing maker may post a net profit of around 9.5 billion yen for the year ending March 31, Nikkei English News reported. NTN had been projected to lose 2 billion yen in fiscal 2009, Nikkei said. The stock lost 4.6 percent to 377 yen.
Panasonic Corp. (6752 JT): The world’s largest maker of plasma televisions forecast its first annual profit in three years, helped by demand for televisions. Also, Panasonic said it plans to produce 30 million units of flat-panel TVs in fiscal 2013, which compares with 15.8 million units in fiscal 2010. The company intends to produce more than 11 million units in emerging markets. The stock slipped 2.5 percent to 1,310 yen.
SMC Corp. (6273 JT): The maker of directional-control devices had 19.5 billion yen in full-year net income, up 39 percent from its forecast, according to a preliminary earnings statement. The stock declined 4 percent to 12,630 yen.
Sawai Pharmaceutical Co. (4555 JT): The drugmaker said in a preliminary earnings statement its net income for the year ended March rose more than expected to 4.95 billion yen from 2.44 billion yen a year earlier. It had earlier forecast a 3.8 billion yen profit. The stock sank 3 percent to 7,140 yen.
Softbank Corp. (9984 JT): The exclusive iPhone carrier in Japan said it will price Apple Inc.’s iPad tablet computer at 48,960 yen ($535) for the basic model with Wi-Fi capability and 16 megabytes of memory. Softbank will begin taking orders on May 10 for the iPad, which will be available in Japan on May 28. The shares declined 0.2 percent to 2,070 yen.
Sumitomo Mitsui Financial Group Inc. (8316 JT) and Daiwa Securities Group Inc. (8601 JT): The companies plan to dissolve their venture-capital firm, Daiwa SMBC Capital, as early as this year, Nikkei English News said. Sumitomo Mitsui lost 3.5 percent to 2,880 yen. Daiwa fell 3 percent to 447 yen.
Sumitomo Rubber Industries Ltd. (5110 JT): Japan’s second- largest tiremaker by market value more than tripled its first- half net income forecast to 7 billion yen, citing higher overseas demand and improved earnings at its venture with Goodyear Tire & Rubber Co. The stock dipped 0.7 percent to 817 yen.
Suzuki Motor Corp. (7269 JT): The automaker plans to expand its network in China by 20 percent this year to 1,200 dealers to expand sales, Nikkei English News reported. The stock fell 1.9 percent to 1,831 yen.
Terumo Corp. (4543 JT): The medical-tools maker may say pretax profit rose 20 percent to more than 63 billion yen for the year ended March 31, or 2 billion yen more than forecast, Nikkei English News said. The stock sank 3.2 percent to 4,560 yen.
Tokai Carbon Co. (5301 JT): The maker of carbon black for rubber products said net income for the three months ended March 31 jumped 73 percent to 1.3 billion yen as sales climbed 52 percent. The stock retreated 3 percent to 523 yen.
Toppan Printing Co. (7911 JT): The printing company probably logged group operating profit of 38 billion yen ($415 million) in the year ended March 31, beating its forecast of 34.5 billion yen, Nikkei English News reported. The stock tumbled 3.7 percent to 809 yen.
Toray Industries Inc. (3402 JT): The fiber maker won a 15- year order to supply carbon-fiber materials to Airbus SAS, Nikkei English News said. The agreement could be worth as much as 300 billion yen and may be announced as early as today, the report said. Toray slid 1.9 percent to 516 yen.
Toshiba Corp. (6502 JT): The world’s second-biggest maker of flash memory chips forecast its first annual profit in three years, helped by demand for semiconductors that store data in mobile phones and other consumer electronics. The stock dipped 1.1 percent to 521 yen.
Toyota Motor Corp. (7203 JT): The automaker may have earned 100 billion yen ($1.1 billion) in operating profit last fiscal year, reversing a loss in the previous 12-month period, the Yomiuri newspaper reported. The stock fell 2 percent to 3,480 yen.
Yamatake Corp. (6845 JT): The maker of automation equipment booked full-year net income of 6.24 billion yen, beating its forecast by 14 percent. The company said it expects profit will rise 52 percent this fiscal year. The stock plunged 5.3 percent to 2,174 yen.