Arakawa, Hino Motors, Medical System, Panasonic, Terumo: 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.

Telecommunication companies: Japan’s communications ministry asked mobile-phone providers to remove SIM locks on handsets from next April, which would make it easier for customers to switch carriers, Nikkei English News said, citing ministry guidelines.

Softbank Corp. (9984 JT) argued against making the measure mandatory, the report said. Softbank gained 4.4 percent to 2,148 yen. NTT DoCoMo Inc. (9437 JT) slipped 0.5 percent to 137,100 yen. KDDI Corp. (9433 JT) climbed 0.6 percent to 420,000 yen.

Arakawa Chemical Industries Ltd. (4968 JT): The resin maker is in talks to buy out its German venture with Dow Chemical Co. (DOW US). The Osaka-based company wants to purchase Dow Chemical’s 60 percent stake in Arakawa Europe GmbH, which sells a material used in the production of industrial glue. Arakawa is also seeking to buy Dow Chemical’s production facilities for the material. The stock fell 0.5 percent to 969 yen.

Asset Managers Holdings Co. (2337 JX): The operator of real estate related funds said full-year net income will rise to 2.3 billion yen ($25.5 million) from 1.81 billion yen, because of a gain from a sale of securities. The company had forecast a profit of 1.3 billion yen. The stock surged 9.2 percent to 9,660 yen.

Hino Motors Ltd. (7205 JT): The automaker said it will spend as much as 900 million yen to buy back up to 0.23 percent of its outstanding shares. The stock slipped 0.7 percent to 431 yen.

Honda Motor Co. (7267 JT): The automaker closed all four of its vehicle-assembly plants in China after a factory where parts are made was hit by a workers’ strike, Nikkei English News said, without saying where it got the information. The stock lost 1.1 percent to 2,742 yen.

Funai Electric Co. (6839 JT): Vizio Inc., the largest maker of liquid-crystal display televisions in the U.S., won an appeals court ruling that lets it resume selling products that had been blocked because of a patent dispute with Funai Electric.

Separately, Funai Electric was raised to “buy” from “hold” by Yasuo Nakane, an analyst at Deutsche Bank AG. Funai Electric sank 2.5 percent to 3,270 yen.

JVC Kenwood Holdings Inc. (6632 JT): The electrical products maker plans to cease domestic production of camcorders, Nikkei English News reported, without saying how it obtained the information. The company also plans to cut employment at an LCD television factory in Thailand, Nikkei said. The stock fell 2.6 percent to 37 yen.

Medical System Network Co. (4350 JT): The drugstore operator will sell new and existing shares for 681 yen each to raise as much as 625 million yen, according to a filing with the nation’s Finance Ministry. The stock retreated 0.7 percent to 710 yen.

Mercian Corp. (2536 JT): The maker of alcoholic beverages said it was investigating what it said might have been “inappropriate” transactions at its fish-feed business. The stock dropped 1.1 percent to 179 yen.

Nichi-iko Pharmaceutical Co. (4541 JO): Sanofi-Aventis SA will partner with Nichi-Iko Pharmaceutical for capital and operational purposes to enter the Japanese generic-drug market, Nikkei English News said, without saying how it got the information. Nichi-iko Pharmaceutical slipped 0.5 percent to 2,882 yen.

Nippon Steel Corp. (5401 JT): The company plans to raise its price for steel sheet for wholesale buyers by 10,000 yen a ton, or about 10 percent to 15 percent, Nikkei English News reported, without saying where it obtained the information. Nippon Steel increased 0.7 percent to 308 yen.

Osaki Electric Co. (6644 JT): The company, which makes watt-hour meters bound for electric power companies, said it will form a business alliance with Hitachi Ltd. (6501 JT) in smart grid business. Osaki Electric gained 1.6 percent to 693 yen. Hitachi climbed 3.5 percent to 360 yen.

Panasonic Corp. (6752 JT): The weakness of the euro is allowing the home-appliances maker to absorb higher parts costs, the company’s European Chief Executive Officer, Laurent Abadie, said in an interview in Paris. Panasonic is on course to meet its European sales targets, Abadie said. The stock lost 0.7 percent to 1,128 yen.

Rakuten Inc. (4755 JQ): The operator of retail websites will set up a joint venture with Global Mediacom Tbk PT (BMTR IJ), Indonesia’s biggest media firm, to start an Internet shopping mall business in the region. The stock rose 0.5 percent to 62,400 yen.

Sasebo Heavy Industries Co. (7007 JT): The shipbuilder boosted its full-year net income forecast by 32 percent to 5 billion yen, citing cancellation fees for orders it had earlier received. The company increased the planned year-end dividend to 5 yen from 4 yen. The stock increased 0.6 percent to 167 yen.

Terumo Corp. (4543 JT): The medical device maker forecast sales of its TRI catheter used in heart surgeries will rise 67 percent in the U.S. within three years on demand for less- invasive procedures. The stock advanced 2.1 percent to 4,235 yen.

Yamanashi Chuo Bank Ltd. (8360 JT): The regional bank said it will cancel 2.63 percent of its outstanding shares on June 1. The stock advanced 0.6 percent to 356 yen.

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

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