Astellas, Canon, JFE, Honda, Nissan, NTT, Sony, Toyota: 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.

Astellas Pharma Inc. (4503 JT): Japan’s second-biggest drugmaker and Boehringer Ingelheim GmbH are extending their co-promotion partnership in Japan for the Micardis hypertension drug by four years until the end of 2016, the companies said. Astellas increased 0.2 percent to 2,979 yen.

Bank of The Ryukyus Ltd. (8399 JT): The regional bank based in Okinawa prefecture plans to repay public funds by buying back preferred shares from the government on Oct. 1, the company said. The stock fell 1.6 percent to 1,024 yen.

Canon Inc. (7751 JT): The electronics maker is scrapping development of flat-panel televisions using surface- conduction electron-emitter display, or SED, technology because production expenses remain too high, Nikkei English News said, without citing a source for the information. The stock retreated 0.4 percent to 3,710 yen.

Dydo Drinco Inc. (2590 JT): The drink maker reported net income of 447 million yen in the first quarter, compared with a net loss of 22 million yen a year earlier. The stock rose 3.9 percent to 3,305 yen.

Japan Rental Housing Investments Inc. (8986 JT): The real-estate-investment trust said net income for October to March was 679 million yen, compared with 480 million yen a year earlier. The stock gained 5.9 percent to 122,800 yen.

Honda Motor Co. (7267 JT): The carmaker will test-fly its Honda Jet aircraft in November in the U.S., the Sankei newspaper reported, citing a company executive. The small aircraft will be delivered to customers starting August 2012, the report said. The stock sank 0.3 percent to 2,814 yen.

JFE Holdings Inc. (5411 JT): Japan’s second-largest steelmaker plans to spend 1 trillion yen ($11 billion) over three fiscal years to tap rising demand in Asia. The shares increased 3.1 percent to 3,010 yen.

Nippon Telegraph & Telephone Corp. (9432 JT): The company’s NTT East unit plans to cut the monthly access fee for its public wireless local area network service to 200 yen as early as June, Nikkei English News said, without citing anyone. The shares declined 1.7 percent to 3,775 yen.

Nissan Motor Co. (7201 JT): The carmaker is recalling about 41,649 vehicles over a steering component, according to a statement from the U.S. National Highway Traffic Safety Administration. The stock gained 0.7 percent to 679 yen.

Panasonic Corp. (6752 JT): The maker of liquid-crystal- display televisions plans to postpone to September from June the release of a 42-inch model because of parts shortages, Nikkei English News reported, citing the company. The stock advanced 2.3 percent to 1,169 yen.

Renown Inc. (3606 JT): The apparel maker will sell 4 billion yen in new shares to Chinese apparel manufacturer Shandong Ruyi Science & Technology Group Co. The shares surged by its daily limit of 50 yen, or 35 percent, to 191 yen.

Sharp Corp. (6753 JT): The maker of consumer electronics may have consolidated free cash flow of about 100 billion yen for the fiscal year ending March 2011, an increase from 49.7 billion yen the year before, Nikkei English News reported, without saying how it obtained the information. The stock fell 0.8 percent to 1,002 yen.

Sony Corp. (6758 JT): The electronics maker agreed to let users of its PlayStation 3 download episodes of some programs carried by Time Warner’s HBO, the Wall Street Journal reported on its website, without saying how it obtained the information. The stock fell 0.4 percent to 2,872 yen.

Toray Industries Inc. (3402 JT): The maker of synthetic fiber maker plans to raise as much as 109.5 billion yen ($1.2 billion) by selling as many as 230 million shares to the public. The stock rose 1.4 percent to 499 yen.

Toyota Motor Corp. (7203 JT): The carmaker suspended sales of some Lexus models in the U.S. after issuing a recall for the vehicles, CNBC reported, citing the Wall Street Journal. The stock increased 0.3 percent to 3,365 yen.

To contact the reporter on this story: Anna Kitanaka in Tokyo at akitanaka@bloomberg.net.

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