Canon, Dydo, Hiramatsu, JVC Kenwood, Sega Sammy: Japanese Equity Preview

The following companies may have unusual price changes in Japanese trading on August 30. 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.

Steel makers: BHP Billiton Ltd. (BHP AU) and major Japanese steelmakers may have agreed on a 4 to 10 percent reduction on coking coal prices in the fourth quarter, Nikkei English News reported. Nippon Steel Corp. (5401 JT), Japan’s largest steelmaker, climbed 0.7 percent to 283 yen. JFE Holdings Inc. (5411 JT), the nation’s No. 2 mill, was little changed at 2,559 yen. Kobe Steel Ltd. (5406 JT) lost 0.6 percent to 178 yen.

Canon Inc. (7751 JT): The camera maker may estimate goodwill coming from its acquisition of Oce NV at about 90 billion yen ($1.06 billion), Nikkei English News reported. The stock rose 0.9 percent to 3,500 yen.

Dydo Drinco Inc. (2590 JT): The beverage maker said first- half net income fell 44 percent to 605 million yen from a year earlier. The stock fell 2 percent to 3,115 yen.

Hiramatsu Inc. (2764 JT): The restaurant operator plans to raise as much as 1.19 billion yen by selling new and existing shares to the public, according to a filing today with Japan’s finance ministry. The stock declined 1.4 percent to 100,000 yen.

Ito En Ltd. (2593 JT): The maker of green tea and canned Drinks will enter the restaurant market in Tokyo next month after acquiring the rights to develop Royal Cafe sites in Japan from Copenhagen-based Royal Smushi ApS, Nikkei English News reported. The stock gained 1.1 percent to 1,414 yen.

JVC Kenwood Holdings Inc. (6632 JT): The maker of audio equipment will form a liquid-crystal display joint venture with Taiwan’s AmTRAN Technology Co. (2489 TT), the Taipei-based company said in an e-mailed statement. JVC increased 0.9 percent to 219 yen.

Mitsubishi Chemical Holdings Corp. (4188 JT): The chemicals maker’s unit plans to build a bioplastic plant in Thailand with the nation’s state-owned PTT Plc in 2013, Nikkei English News reported. Mitsubishi Chemical rose 1.7 percent to 414 yen.

NSK Ltd. (6471 JT): The bearing maker is aiming to boost sales to 100 billion yen in the year through March 2013, Nikkei English News reported, citing President Norio Otsuka. The stock gained 1.6 percent to 518 yen.

Sega Sammy Holdings Inc. (6460 JT): The video-game maker said it will make three units wholly owned to strengthen its competitiveness as the economy slows. Sega Sammy will pay 333 shares for each of Sammy Networks Co. (3745 JT), 0.33 of a share for each of Sega Toys Co. (7842 JQ), and 0.26 for each of TMS Entertainment Ltd. (3585 JN). The transaction will be effective December 1, the companies said in a joint statement to the Tokyo Stock Exchange.

Sega Sammy rose 1 percent to 1,303 yen. Sammy Networks gained 1.5 percent to 266,000 yen. Sega Toys added 0.6 percent to 320 yen and TMS advanced 1 percent to 196 yen.

Tosoh Corp. (4042 JT), Suminoe Textile Co. (3501 JT), Saint-Care Holding Corp. (2374 JQ): The companies will receive about 2 billion yen in soft loans from the Development Bank of Japan later this month, Nikkei English News reported. Tosoh gained 2.8 percent to 217 yen. Suminoe Textile climbed 3 percent to 138 yen. Saint-Care advanced 0.9 percent to 46,800 yen.

To contact the reporter on this story: Monami Yui in Tokyo at myui1@bloomberg.net.

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