Dai-ichi Life, JX, Kyocera, Mitsui, Sony: 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.

Aeon Kyushu Co. (2653 JQ): The supermarket chain said its nine-month net loss narrowed to 1.14 billion yen ($13.8 million) from 2.34 billion yen a year earlier. The stock slid 0.1 percent to 1,380 yen.

AnGes MG Inc. (4563 JT): The gene-therapy drug developer said it has entered a license agreement with Shionogi & Co. (4507 JT) to jointly develop a treatment for atopic dermatitis. AnGes rose 1.7 percent to 112,900 yen. Shionogi advanced 0.6 percent to 1,610 yen.

Asahi Printing Co. (3951 JT): The maker of labels and paper containers said it will buy back up to 0.4 percent of its total shares. The stock declined 1.2 percent to 1,531 yen.

Dai-ichi Life Insurance Co. (8750 JT): The life insurer will buy out Tower Australia Group Ltd. for about 100 billion yen through a tender offer, the Nikkei newspaper reported. The stock was unchanged at 130,900 yen.

Hiday Hidaka Corp. (7611 JT): The noodle-shop chain said nine-month net income climbed 44 percent to 1.3 billion yen on a 10 percent advance in sales. The stock climbed 1.3 percent to 1,438 yen.

Higashi-Nippon Bank Ltd. (8536 JT): The regional lender said it will buy back and retire 10 million preferred shares to repay public funds to the Japanese government. The stock gained 1.8 percent to 173 yen.

Ito En Ltd. (2593 JT): The maker of green tea and canned drinks will buy back up to 0.87 percent of its total preferred shares. The company also said it will retire 2.61 percent of its outstanding preferred shares. The stock slipped 0.5 percent to 1,345 yen.

JX Holdings Inc. (5020 JT): JX Nippon Oil & Energy Corp., Japan’s largest refiner and owned by JX Holdings, plans to resume operations of secondary units at its Muroran refinery in Hokkaido in northern Japan by the end of December, senior vice president Tsutomu Sugimori told reporters in Tokyo. JX was unchanged at 557 yen.

Kyocera Corp. (6971 JT): The maker of electronic equipment and components won an order worth as much as 40 billion yen to supply solar cells for three or four years to Thailand’s Solar Power Co., the Nikkei newspaper reported. The stock was unchanged at 8,420 yen.

Mitsui & Co. (8031 JT): Japan’s second-largest trading house will sell a 30 percent stake in a company that owns natural-gas-fired power plants in Mexico to Chubu Electric Power Co. (9502 JT) and Tohoku Electric Power Co. (9506 JT). Also, Mitsui said it agreed to acquire 15 percent of Formosa Epitaxy Inc. of Taiwan for 7.6 billion yen. Mitsui rose 0.5 percent to 1,333 yen. Chubu Electric lost 0.5 percent to 1,991 yen. Tohoku Electric fell 0.5 percent to 1,810 yen.

NEC Corp. (6701 JT): Japan’s largest maker of personal computers will boost production of lithium-ion secondary battery electrodes after winning a government subsidy, according to a release on its website. The stock fell 0.4 percent to 246 yen.

Nihon Trim Co. (6788 JT): The water-purifier maker said it will repurchase up to 1.38 percent of its total shares. The stock dropped 0.6 percent to 1,794 yen.

Right On Co. (7445 JT): The retailer of jeans and casual wear swung to a first-quarter net loss of 2.13 billion yen from a 176 million yen profit a year earlier. The stock fell 0.4 percent to 455 yen.

Sala Corp. (2734 JT): The energy-supply company said in a preliminary earnings statement that full-year net income totaled 210 million yen, 40 percent more than its profit outlook. The stock sank 3.5 percent to 420 yen.

Sony Corp. (6758 JT): The electronics maker is developing a PSP handheld game machine with a phone function, the Asahi newspaper reported. The device may go on sale in the U.S. and Europe next spring, according to the report. The stock was little changed at 2,960 yen.

Weathernews Inc. (4825 JT): The weather forecasting service said first-half net income climbed 47 percent to 690 million yen from a year earlier. The stock slumped 2.1 percent to 1,468 yen.

Zojirushi Corp. (7965 JO): The maker of electric kitchen appliances said full-year net income almost doubled to 1.15 billion yen from 582 million yen a year earlier. The stock advanced 1.9 percent to 211 yen.

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

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.