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All Nippon, Canon, Dr Ci:Labo, Hakuhodo, Sumitomo: Japanese 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.

Ain Pharmaciez Inc. (9627 JT): The drugstore operator said first-quarter net income rose to 714 million yen ($8.5 million) from 665 million yen a year earlier. The stock lost 0.8 percent to 2,724 yen.

All Nippon Airways Co. (9202 JT): Asia’s largest carrier will team with Hong Kong-based Victor Chu’s First Eastern Investment Group to set up a discount carrier next year amid rising demand for budget travel in the region. The new carrier will be based at Kansai International Airport in Osaka and will start flying in the second half of 2011, the airline said in a statement. The stock rose 1 percent to 316 yen.

Canon Inc. (7751 JT): The world’s largest camera maker said it plans to buy back as much as 1.2 percent of its outstanding shares for as much as 50 billion yen. The stock increased 1.1 percent to 3,550 yen.

Daiichi Sankyo Co. (4568 JT): Japan’s third-largest drugmaker won a U.S. appeals court ruling that will help the company ward off competition to its hypertension drugs Benicar and Azor until 2016. A U.S. court said a trial judge was correct to uphold the validity of the patent on the medicine, rebuffing a challenge by Mylan Inc. (MYL US) and its Matrix Laboratories. Daiichi Sankyo rose 0.4 percent to 1,696 yen.

Dr Ci:Labo Co. Ltd. (4924 JT): The cosmetics developer said it expects a 12 percent gain in net income to 5.27 billion yen this fiscal year on growing sales. The stock lost 0.5 percent to 275,200 yen.

GS Yuasa Corp. (6674 JT), Mitsubishi Motors Corp. (7211 JT), Mitsubishi Corp. (8058 JT): Lithium Energy Japan, a joint venture of the three companies plans to build its first overseas battery plant in Europe, the Asahi newspaper said. GS Yuasa rose 1.2 percent to 570 yen. Mitsubishi Motors was unchanged at 109 yen. Mitsubishi Corp. gained 2 percent to 1,877 yen.

Hakuhodo DY Holdings Inc. (2433 JT): Japan’s second-biggest advertising company said sales at its Hakuhodo Inc. unit declined 12.4 percent to 39.5 billion yen in August, compared with the same month a year earlier. The stock leapt 1.5 percent to 4,085 yen.

Hitachi Construction Machinery Co. (6305 JT): The excavator maker may have 13 billion yen in group operating profit for the half-year ending in September, topping its forecast by 2 billion yen, Nikkei English News said. The stock rose 0.1 percent to 1,726 yen.

Happinet Corp. (7552 JT): The wholesaler of toys and game software will sell 100,000 treasury shares to Tsubakimoto Chain Co. (6371 JT), a maker of power transmission equipment. Happinet rose 0.7 percent to 1,027 yen. Tsubakimoto gained 1.8 percent to 332 yen.

Kumiai Chemical Industry Co. (4996 JT): The agrochemical maker raised its full-year net income outlook 25 percent to 950 million yen, citing cost cuts. The company said nine-month net income more than doubled to 1.58 billion yen. The stock advanced 1.7 percent to 245 yen.

Meiko Network Japan Co. (4668 JT): The cram-school operator said it will sell 347,600 treasury shares to its fellow Waseda Academy Co. (4718 JT) to strengthen their business ties. Meiko Network rose 0.6 percent to 671 yen. Waseda Academy slipped 0.7 percent to 668 yen.

Nomura Co. (9716 JT): The commercial-display contractor slashed its full-year net income forecast 75 percent to 200 million yen. The stock rose 0.4 percent to 274 yen.

Ohara Inc. (5218 JT): The optical glassmaker turned to nine-month net income of 1.76 billion yen from a year-earlier- loss, as sales jumped by 54 percent. The stock slid 1.4 percent to 1,135 yen.

Sekisui House Ltd. (1928 JT): The home builder had a return to first-half net income of 13.6 billion yen from a year-earlier loss, with an 11 percent rise in sales. The stock gained 1 percent to 743 yen.

Sumitomo Corp. (8053 JT): The trading house will pay between 2 billion yen and 3 billion yen to turn Presperse Inc., a U.S. supplier of ingredients to cosmetics makers, into a wholly-owned unit, Nikkei English News said. Sumitomo will buy the remaining 80 percent stake from the company’s founding family, the report said. Sumitomo leapt 2.7 percent to 1,027 yen.

Sysmex Corp. (6869 JT): The maker of reagents plans to invest 1.1 billion yen to build a plant in China. The company aims to begin operations at the facility in Jinan city, Shandong province, in May 2012, according to a statement on its website. The stock lost 0.7 percent to 5,400 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

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