Hino, Kawasaki Kisen, Mitsui, Nintendo: 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.

Hino Motors Ltd. (7205 JT): The truckmaker will invest as much as 50 billion yen ($610 million) to build a new domestic plant, and shift production there from a plant in Tokyo, the Nikkei newspaper reported. The stock climbed 1.5 percent to 469 yen.

Idemitsu Kosan Co. (5019 JT): Japan’s third-biggest oil refiner acquired rights to drill for gas and oil in three areas in the North Sea off the coast of Norway, the company said in a statement on its website. The stock rose 1.1 percent to 9,050 yen.

Kawasaki Kisen Kaisha Ltd. (9107 JT): Japan’s third-biggest shipping line may post a third-quarter pretax profit of 9 billion yen, reversing a 14.6 billion yen loss in the same period a year earlier, the Nikkei newspaper reported. The stock advanced 1.6 percent to 384 yen.

Kyowa Hakko Kirin Co. (4151 JT): The drugmaker will apply for approval of a leukemia drug in Japan this spring, the Tokyo Shimbun newspaper reported. The stock slipped 0.2 percent to 825 yen.

Mitsubishi Heavy Industries Ltd. (7011 JT): The heavy machinery maker plans to build a coal-to-gas plant in Indonesia starting next year with production expected to start in 2015, Evita Legowo, director general of oil and gas at Indonesia’s Energy and Minerals Resources Ministry, said in Jakarta. The stock rose 0.9 percent to 335 yen.

Mitsui & Co. (8031 JT): Japan’s second-largest trading house said it has acquired a 25 percent stake in CCTV Shopping Co., a Beijing-based provider of services to TV shopping operators in China. Mitsui gained 1 percent to 1,453 yen.

Nintendo Co. (7974 JO): The world’s biggest maker of video- game players said it will start selling the 3DS handheld video- game player in the U.S. on March 27 for $250. More than 30 games will be available by early June, many of them in 3-D, Nintendo said in a statement. The stock was little changed at 24,120 yen.

NKSJ Holdings Co. (8630 JT): The insurance group has 200 billion yen set aside for overseas acquisitions, the Nikkei newspaper reported, citing an interview with Kengo Sakurada, president of group member Sompo Japan Insurance Inc. (8755 JP). NKSJ rose 0.3 percent to 590 yen.

SBI Holdings Inc. (8473 JT): The financial services provider may make between $300 million and $500 million by spinning off its financial unit and listing it on the Hong Kong stock exchange, the Wall Street Journal reported, citing people familiar with the situation. The stock increased 1 percent to 12,720 yen.

Shin-Etsu Chemical Co. (4063 JT): The chemical maker’s operating profit probably gained 30 percent to about 110 billion yen, the Nikkei newspaper said. The stock climbed 1.4 percent to 4,880 yen.

Sogo Medical Co. (4775 JT): The company, which operates pharmacies and leases medical equipment, said nine-month net income rose 20 percent to 1.15 billion yen. The company cut its full-year net income outlook to 2.06 billion yen from 2.16 billion yen, citing consumption tax charges and losses from impaired assets. The stock advanced 0.5 percent to 2,458 yen.

Tokyo Steel Manufacturing Co. (5423 JT): Japan’s largest electric-furnace mill, said it expects a full-year net loss of 8 billion yen as it pays higher material costs and demand from domestic builders slumps. The company had forecast 1 billion yen profit. The stock slid 0.6 percent to 912 yen.

Tsudakoma Corp. (6217 JT): The textile machine maker said it expects net income of 900 million yen for this fiscal year on a 36 percent jump in sales. The company had a net loss of 1.15 billion yen in the year to Nov. 30. The stock rose 0.6 percent to 184 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.

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