Daikin, Kyowa Hakko, Sony, Trend Micro: Japan Equity Preview

The following companies may have unusual price changes in Japanese trading today. 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.

Dai-Ichi Seiko Co. (6640 JQ): The maker of electronic and auto parts will sell shares to the public for 4,550 yen each to raise 6.44 billion yen ($77.4 million), according to a filing with Japan’s finance ministry. The stock advanced 1.5 percent to 4,740 yen.

Daikin Industries Ltd. (6367 JT): Japan’s largest air- conditioner maker will spend 30 billion yen to construct a new research center in Osaka, according to the Nikkei newspaper. The stock rallied 0.8 percent to 2,834 yen.

Fancl Corp. (4921 JT): The maker of cosmetics and nutritional supplements said sales dropped 4.3 percent to 7.08 billion yen ($85.2 million) in January from a year ago. The stock increased 0.1 percent to 1,211 yen.

Fuji Corp. (8860 JO): The real estate company plans to raise as much as 1.42 billion yen by selling shares to the public, according to a filing with Japan’s finance ministry. The stock advanced 0.9 percent to 445 yen.

Kyowa Hakko Kirin Co. (4151 JT): The drugmaker that’s developing protein-based medicines for tumors agreed to buy ProStrakan Group Plc (PSK LN) for 292 million pounds ($474.2 million), adding a pain treatment for cancer patients. Kyowa Hakko Kirin slid 0.6 percent to 858 yen.

Mitsubishi Electric Corp. (6503 JT): The maker of electronics goods sued LG Electronics Inc. (066570 KS) in Japan, claiming the South Korean company infringed its mobile-phone related patents, Kyodo News reported, without saying where it got the information. Mitsubishi Electric lost 1.3 percent to 970 yen.

Nippon Electric Glass Co. (5214 JT): The glassmaker said it will spend about 2 billion yen to start manufacturing glass products for medicinal purposes in Malaysia. The stock climbed 3.1 percent to 1,368 yen.

Nissin Corp. (9066 JT): The transport company will buy a logistics center in Osaka for 11.5 billion yen, according to a statement to the Tokyo Stock Exchange. The stock slid 0.8 percent to 247 yen.

Parco Co. (8251 JT): Aeon Co. (8267 JT), a general- merchandise chain, will acquire more than 10 percent of Parco, which operates department stores, the Nikkei newspaper reported, without saying where it obtained the information. Parco gained 0.6 percent to 831 yen. Aeon increased 0.6 percent to 1,088 yen.

Plenus Co. (9945 JT): The distributor of boxed meals said it will set up a venture in Singapore with MK Restaurant Co., which operates restaurants in Thailand. Plenus slid 0.1 percent to 1,436 yen.

Pocket Card Co. (8519 JT): The provider of credit-card services will turn Famima Credit Corp. into a wholly owned subsidiary in a stock transaction by March 31.

Separately, Pocket Card shareholders will buy and sell stakes in the credit-card company among themselves by the same date. As a result, Itochu Corp. (8001 JT) will own 27 percent of Pocket Card, Itochu affiliate FamilyMart Co. (8028 JT) will hold 15 percent and Sumitomo Mitsui Banking Corp. 35.6 percent, according to a joint statement to the Tokyo Stock Exchange.

Promise Co. (8574 JT), a consumer lender, said it will book a one-time charge of 10.3 billion yen from the sale of its stake in Pocket Card to Sumitomo Mitsui Banking.

Pocket Card gained 0.6 percent to 363 yen. Itochu lost 1 percent to 884 yen. FamilyMart slipped 0.2 percent to 3,125 yen. Promise sank 1.2 percent to 878 yen.

SBI Holdings Inc. (8473 JT): The financial-services provider will arrange an initial share sale in Cambodia for Sihanoukville Autonomous Port, owned by the Southeast Asian nation’s government, SBI said in a statement. The stock rallied 2.9 percent to 13,920 yen.

Sharp Corp. (6753 JT): China rejected Sharp’s application to build a liquid-crystal-display plant in Nanjing with a local partner as the technology it will use is “old,” the Yomiuri newspaper reported, without saying where it got the information. The stock rose 1 percent to 936 yen.

Sony Corp. (6758 JT): The electronics maker was raised to “buy” from “hold” at Citigroup Global Markets Japan Inc. The stock climbed 2 percent to 3,075 yen.

Tokyo Electron Ltd. (8035 JT): Inotera Memories Inc. (3474 TT) bought NT$958 million of semiconductor equipment from Tokyo Electron, a semiconductor equipment maker, the Taoyuan, Taiwan- based company said in an exchange statement. Tokyo Electron retreated 2.1 percent to 5,540 yen.

Toyota Industries Corp. (6201 JT) and Toyo Electric Manufacturing Co. (6505 JT): The companies will buy shares in each other and form a motor venture as part of an alliance. Toyota Industries will hold a 60 percent stake in the venture while Toyo Electric will acquire the rest, the companies said in a statement. Toyota Industries was unchanged at 2,894 yen. Toyo Electric declined 1.8 percent to 482 yen.

Trancom Co. (9058 JT): Trancom, a logistics company, said it will acquire a 9.67 percent stake in Tradia Corp. (9365 JO), a provider of port-harbor transport services, from Risa Partners Inc. (8924 JT). Trancom dropped 0.9 percent to 1,697 yen. Tradia gained 2.3 percent to 179 yen. Risa Partners was unchanged at 35,600 yen.

Trend Micro Inc. (4704 JT): The maker of security software said it will spend as much as 5.5 billion yen to repurchase up to 1.5 percent of its outstanding shares. The stock fell 0.7 percent to 2,705 yen.

Yushiro Chemical Industry Co. (5013 JT): The metalworking oil maker plans to raise as much as 1.48 billion yen by selling treasury shares to the public, according to a filing with Japan’s finance ministry. The stock rose 0.3 percent to 1,410 yen.

Umenohana Co. (7604 JT): The operator of tofu restaurants plans to raise as much as 2.81 billion yen by selling shares to the public, according to a filing with Japan’s finance ministry. The stock gained 0.5 percent to 226,700 yen.

V Technology Co. (7717 JT): The maker of measuring equipment said it won approval to move its shares to the first section of the Tokyo Stock Exchange from the TSE Mothers market. The stock fell 1 percent to 669,000 yen.

To contact the reporter on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

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

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