Japan Tobacco, Bridgestone, Inpex, Toyota: Japan Equity Preview

Source from:  By Norie Kuboyama Aug. 10 (Bloomberg) 08/10/2007

The following stocks may move in Japanese markets. Prices are as of the close of trading. Statements were released after the close. Stock symbols are in parentheses. Abilit Corp. (6423 JO): The pachinko machine maker reversed its full-year forecast to a net loss of 1.32 billion yen ($11.1 million) from 1.88 billion yen in profit. The company cut its sales forecast by 21 percent to 24.1 billion yen and canceled its full-year dividend of 20 yen. The stock lost 14 yen, or 3 percent, to 454. Bridgestone Corp. (5108 JT): The world's largest tiremaker raised its profit forecast for the second time this year because of higher sales and a weaker yen. Bridgestone boosted its net income forecast by 2.8 percent to 109 billion yen for the year ending Dec. 31, the company said in a release. The tiremaker made a profit of 52.9 billion yen in the six months ended June 30, up by 61 percent. It increased its full-year dividend to 26 yen from 24 yen. The stock rose 65 yen, or 2.5 percent, to 2,690. Coca-Cola West Holdings Ltd. (2579 JT): The Coca-Cola products bottler said first-half net income rose 56 percent to 2.69 billion yen, with a 73 percent surge in sales. The stock was unchanged at 2,480 yen. Dainippon Screen Manufacturing Co. (7735 JT): The maker of chip-making equipment said first-quarter net income declined 56 percent to 2.13 billion yen. The stock dropped 20 yen, or 2.4 percent, to 811. Fast Retailing Co. (9983 JT): Asia's biggest clothing retailer dropped out of a bidding war for the Barneys New York apparel chain, which will be bought by Istithmar PJSC, an investment firm owned by the Dubai government. The stock soared 680 yen, or 10 percent, to 7,190. Haseko Corp. (1808 JT): The general contractor said first- quarter net income grew more than fourfold to 14.8 billion yen, with a 15 percent rise in sales. The stock slid 1 yen, or 0.3 percent, to 315. Heiwa Corp. (6412 JT): The pachinko machine maker said it had an 865 million yen first-quarter loss, compared with net income of 802 million yen a year earlier, with a 4.6 percent drop in sales. The stock fell 31 yen, or 2.3 percent, to 1,323. Hirose Electric Co. (6806 JT): The electronic equipment maker said first-quarter net income fell 23 percent to 5.21 billion yen, with a 5.6 percent drop in sales. The stock climbed 1,310 yen, or 8.8 percent, to 16,200. Hitachi Zosen Corp. (7004 JT): The incinerator maker said its first-quarter net loss narrowed to 39 million yen from 1.28 billion yen a year earlier, with a 15 percent rise in sales. The stock gained 10 yen, or 4.3 percent, to 244. Inpex Holdings Inc. (1605 JT): Japan's largest energy explorer increased its full-year net income forecast by 25 percent to 120 billion yen after oil prices in New York surged to a record. The stock added 20,000 yen, or 1.9 percent, to 1.09 million yen. Intec Holdings Ltd. (3819 JT): The software developer reversed its first-half forecast to a 2.5 billion yen loss from net income of 2.1 billion yen. The stock rose 8 yen, or 0.5 percent, to 1,654. Japan Tobacco Inc. (2914 JT): The world's third-largest traded cigarette maker increased its full-year net income forecast by 38 percent to 256 billion yen as its purchase of Gallaher Group Plc will increase sales in Russia and Europe. The stock lost 28,000 yen, or 4.4 percent, to 610,000. Kumagai Gumi Co. (1861 JT): The general contractor said it had an 822 million yen first-quarter loss, compared with net income of 351 million yen a year earlier, with a 10 percent drop in sales. The stock slipped 7 yen, or 3.2 percent, to 212. Mabuchi Motor Co. (6592 JT): The maker of motors for digital cameras boosted its full-year net income forecast by 20 percent to 12 billion yen and its sales forecast by 5.9 percent to 107 billion yen. The company increased its full-year dividend to 123 yen from 112 yen. The stock rallied 340 yen, or 4.9 percent, to 7,260. Nippon Sheet Glass Co. (5202 JT): The world's biggest supplier of car windows forecast net income of 45 billion yen this fiscal year, as it expects a 36.1 billion yen gain from selling a unit of Pilkington Plc. The company had forecast profit of between 35 billion yen and 45 billion yen. The stock advanced 21 yen, or 3.1 percent, to 689. Orix Corp. (8591 JT): Japan's largest non-bank financial company said first-quarter operating profit fell 24 percent to 53 billion yen. The stock rose 110 yen, or 0.4 percent, to 28,610. Sumitomo Rubber Industries Ltd. (5110 JT): Japan's second- largest tiremaker said first-half net income jumped fourfold to 8.16 billion yen, citing a gain from the weaker yen and a decrease in impairment charges. Operating profit in the period fell 6.2 percent to 17.3 billion yen, with a 0.3 percent slid in sales. The stock dropped 3 yen, or 0.2 percent, to 1,334. Toyota Motor Corp. (7203 JT): The automaker will delay the introduction of a dozen hybrid models after problems with new battery technology, the Wall Street Journal reported. The stock slid 40 yen, or 0.6 percent, to 7,270. Trend Micro Inc. (4704 JT): The anti-virus computer software developer said first-half net income rose 32 percent to 11.5 billion yen, with a 17 percent rise in sales. The stock climbed 310 yen, or 6.8 percent, to 4,870. Uniden Corp. (6815 JT): The electronic equipment maker said first-quarter operating profit jumped 63 percent to 1.66 billion yen, helped by lower costs. The stock rose 20 yen, or 2.4 percent, to 863. United Arrows Ltd. (7606 JT): The apparel chain said first- quarter net income more than doubled to 2.47 billion yen, helped by a gain from the sale of real estate. Operating profit in the quarter fell 12 percent to 1.7 billion yen. The stock soared 164 yen, or 9.1 percent, to 1,959. Urban Corp. (8868 JT): The property developer said first- quarter net income jumped over threefold to 15.9 billion yen, while sales in the quarter surged almost sixfold to 87.5 billion yen. The stock added 6 yen, or 0.3 percent, to 1,920. To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net. Enditem