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Daiwa, Mizuno, Rakuten, Sony Financial, Tokio Marine: Japan Equity 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.

Daiwa Securities Group Inc. (8601 JT): Japan’s second- largest brokerage will buy $15.6 million in new shares from Alchip Technologies Ltd., a Taiwanese semiconductor maker. Daiwa lost 0.7 percent to 411 yen.

Elpida Memory Inc. (6665 JT): Infineon Technologies AG (IFX GR) has settled its patent infringement claim against Elpida Memory over semiconductor technology, it said in a statement on its Web site. Elpida slumped 4.3 percent to 1,636 yen.

Ferrotec Corp. (6890 JQ): The maker of electronic components said full-year net income plunged 79 percent to 156 million yen ($1.7 million) as sales fell. It forecast profit will jump to 1.36 billion yen this fiscal year as sales recover. The stock advanced 1.4 percent to 994 yen.

Fujipream Corp. (4237 JQ): The maker of film for liquid- crystal displays had net income of 902 million yen in the year ended March 31 after a net loss the previous year. The company raised its planned full-year dividend to 10 yen a share from 6 yen. The stock rose 0.7 percent to 423 yen.

Higashi-Nippon Bank Ltd. (8536 JT): The regional bank said it will seek approval from shareholders to spend as much as 22 billion yen to buy back up to 10 million preferred shares. The stock gained 2.5 percent to 166 yen.

Honda Motor Co. (7267 JT): Takanobu Ito, chief executive officer of the automaker, said the company needs to strengthen currency risk management as the euro weakens against the yen. Honda may increase production flexibility overseas to rely less on exports from Japan, he said. The stock sank 3 percent to 2,896 yen.

Invoice Inc. (9448 JT): The provider of telecommunications- billing services expects a 9.7 percent gain in net income to 2.9 billion yen this fiscal year, helped by cost cuts. The stock gained 2.7 percent to 1,428 yen.

Mitsubishi Materials Corp. (5711 JT): Japan’s third-largest copper producer plans to raise the procurement rate for raw material from its own mines to more than 75 percent as China competes for global supplies. The stock fell 2 percent to 249 yen.

Mitsui O.S.K. Lines Ltd. (9104 JT): The shipping line will start transporting vehicles from a new Nissan Motor Co. (7201 JT) factory in India to Europe by September, marking Mitsui’s first entry into shipping automobiles from India to other markets by sea, Nikkei English News reported, without saying where it got the information. Mitsui O.S.K. slipped 1.1 percent to 617 yen.

Mizuno Corp. (8022 JT): The sporting-goods maker forecast operating profit will rise 44 percent to 4 billion yen this fiscal year. In the year ended March 31, operating profit fell 4.4 percent to 2.78 billion yen on falling sales. The stock lost 0.8 percent to 392 yen.

NSK Ltd. (6471 JT): The bearing maker will spend 10 billion yen to build a factory this year in China to make large roller bearings, the first Japanese company to do so, Nikkei English News said, without saying where it got the information. The stock lost 3.2 percent to 659 yen.

Nippon Koei Co. (1954 JT): The provider of construction consulting and engineering services said full-year net income jumped to 2.03 billion yen from 300 million yen a year earlier, buoyed by cost cuts and foreign-exchange gains. It expects a 21 percent drop in profit this fiscal year. The stock slipped 1.1 percent to 269 yen.

Rakuten Inc. (4755 JQ): The operator of retail websites said it agreed to purchase Buy.com of the U.S. for about $250 million. Rakuten declined 0.8 percent to 65,900 yen.

Shinwa Kaiun Kaisha Ltd. (9110 JT): The shipping line will buy Nippon Steel Shipping Co. in a stock transaction. The stock slid 1.5 percent to 258 yen.

Sony Corp. (6758 JT): Google Inc. (GOOG US) introduced software that puts Web content on television to persuade more consumers to use the Internet in their living rooms and view advertisements that generate revenue. The new tool, Google TV, will work with Intel Corp. (INTC US) chips in products by Sony and Logitech International SA (LOGN VX), Google said at a conference in San Francisco. Sony dropped 1.6 percent to 2,866 yen.

Sony Financial Holdings Inc. (8729 JT): The insurance and banking unit of Sony Corp. (6758 JT) said full-year net income gained 57 percent to 48.1 billion yen with rising revenue. It expects profit will fall 17 percent this fiscal year. Sony Financial climbed 2 percent to 311,500 yen.

Tohokushinsha Film Corp. (2329 JQ): The producer of television programs and films said net income fell 12 percent to 1.3 billion yen in the year ended March 31 as sales declined. It expects a 47 percent advance in profit this fiscal year. The stock slumped 5.2 percent to 526 yen.

Tokio Marine Holdings Inc. (8766 JT): The casualty insurer’s full-year net income jumped to 128.4 billion yen from 23.1 billion yen a year earlier, buoyed by lower costs. It forecast profit will fall 10 percent this fiscal year, with a drop in sales. The stock increased 2.4 percent to 2,593 yen.

Toyota Motor Corp. (7203 JT): The automaker plans to team up with Tesla Motors Inc. (973035Z US) to manufacture electric cars in California, the San Francisco Chronicle reported, citing remarks Governor Arnold Schwarzenegger made at an event. The stock fell 2.6 percent to 3,420 yen.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

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