Asahi Breweries, Marubeni, Misumi, Nissan: 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.

All Nippon Airways Co. (9202 JT): Asia’s largest listed carrier by sales, may rise after the Nikkei newspaper said Narita International Airport Corp. plans to reduce landing fees by as much as 50 percent. All Nippon fell 0.7 percent to 297 yen.

Asahi Breweries Ltd. (2502 JT): The brewery said it completed a $520 million purchase of 6.54 percent of Ting Hsin (Cayman Islands) Holding Corp., a food processor and distributor in China. Asahi rose 0.1 percent to 1,670 yen.

Central Japan Railway Co. (9022 JT): The railway operator and a group of other Japanese companies, including Hitachi Ltd. (6501 JT) and Toshiba Corp. (6502 JT) plan to bid on a $2 billion Tampa to Orlando high-speed rail project, the Nikkei newspaper reported. Central Japan advanced 1.4 percent to 635,000 yen. Hitachi was unchanged at 397 yen. Toshiba was also unchanged at 424 yen.

Culture Convenience Club Co. (4756 JT), Sharp Corp. (6753 JT): The companies said they agreed to form an electronic entertainment contents venture next month. Culture Convenience, a video rental chain, fell 1 percent to 402 yen. Sharp, Japan’s largest maker of liquid-crystal displays, lost 2.4 percent to 812 yen.

Konica Minolta Holdings Inc. (4902 JT): The printer maker may sell 30 billion yen ($359 million) of bonds next month for capital spending and repaying debt, Nikkei English News reported. The company may issue 20 billion yen in five-year bonds and 10 billion yen in seven-year notes, the report said. The stock closed unchanged at 899 yen.

Leopalace21 Corp. (8848 JT): The real-estate company plans to raise 1.83 billion yen by selling 15.9 million shares to a wholly owned unit of JS Group Corp. (5938 JT), according to a filing with the finance ministry. Leopalace21 gained 2.5 percent to 125 yen. JS Group slid 0.9 percent to 1,614 yen.

Marubeni Corp. (8002 JT): The trader is preparing to bid for Kwik-Fit Holdings Ltd. (KWFT LN), a U.K.-based car parts and repair company, after talks to buy Micheldever Tyre Services Ltd. collapsed, the Sunday Times reported. Marubeni shares rose 0.2 percent to 539 yen.

Medinet Co. (2370 JT): The provider of immunotherapy services plans to raise 2.15 billion yen by selling 100,000 shares to the public, according to a filing with the finance ministry. The stock jumped 5.7 percent to 24,100 yen.

MegaChips Corp. (6875 JT): The maker of digital monitoring systems said it will retire 1.3 percent of its outstanding shares. The stock rose 0.2 percent to 1,511 yen.

Micronics Japan Co. (6871 JQ): The maker of probe cards for inspecting semiconductors said it expects profit will jump more than sixfold to 1.1 billion yen this fiscal year as sales advance 21 percent. The stock jumped 5.1 percent to 783 yen.

Misumi Group Inc. (9962 JT): The mail-order distributor of precision machine parts said sales in October jumped 31.5 percent from a year earlier to 10.2 billion yen. The stock sank 1.6 percent to 1,926 yen.

MS&AD Insurance Group Holdings Inc. (8725 JT): The casualty insurer said first-half net income fell 30 percent to 40.1 billion yen, while revenue jumped 70 percent to 1.72 trillion yen. The stock increased 0.5 percent to 2,123 yen.

Nissan Motor Co. (7201 JT): Japan’s No.3 carmaker plans to buy a 10 percent stake in OAO AvtoVAZ, according to a state- owned investor in the Russian automaker.

The automaker also plans to increase production in dollar- linked economies to protect against the volatility of the yen, the Financial Times reported, citing an interview with Carlos Ghosn, the Japanese automaker’s president and chief executive officer. The shares climbed 0.3 percent to 802 yen.

OncoTherapy Science Inc. (4564 JT): The pharmaceuticals researcher said it will start clinical trials of its stomach cancer vaccine OTSGC-A24 in Singapore next month. The stock soared 6.3 percent to 175,800 yen.

Sazaby League Ltd. (7553 JQ): The handbag designer and coffee shop operator said it received a 40.1 billion yen takeover offer from AHA, an investment company owned by Sazaby executive Ryota Tsunoda. AHA offered 2,000 yen a share, Sazaby said in a release. The stock slid 0.5 percent to 1,382 yen.

Secured Capital Japan Co. (2392 JT): The property manager joined a group led by Orix Real Estate Corp. to buy the Espoir Omotesando commercial building in Tokyo for 31 billion yen by the end of this month, Nikkei English News reported. The stock dropped 0.1 percent to 85,600 yen.

Skymark Airlines Inc. (9204 JT): The Japanese carrier planning to buy Airbus SAS A380s said it expects to make money flying business travelers between Tokyo and London on the jets for less than half the price rivals charge. The shares fell 1.5 percent to 848 yen.

Toyota Motor Corp. (7203 JT): Japan’s largest carmaker will enhance its engine assembly lines worldwide to boost profit, Nikkei English News reported, without saying where it got the information.

Also, the automaker will begin mass production of lithium- ion batteries for its plug-in hybrid cars in a venture with Panasonic Corp. (6752 JT), scheduled to reach the market in 2012, public broadcaster NHK reported on its Japanese-language website. Toyota climbed 1.6 percent to 3,265 yen. Panasonic increased 1.5 percent to 1,240 yen.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Anna Kitanaka in Tokyo at akitanaka@bloomberg.net

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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