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Nippon Yusen, Tobu Railway, Toyobo: 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.

Anritsu Corp. (6754 JT): NEC Corp. (6701 JT), Japan’s largest maker of personal computers, will reduce its stake in Anritsu, a maker of electronic equipment, to 6.9 percent from 22 percent by selling to the public 19.2 million shares put in trust with Japan Trustee Services Bank Ltd. The companies made the announcement in separate press releases. Anritsu lost 1.3 percent to 774 yen. NEC slid 0.4 percent to 237 yen.

Bunka Shutter Co. (5930 JT): The maker of light and heavy- weight shutters said it will spend as much as 750 million yen ($9.07 million) to repurchase up to 4.37 percent of its outstanding shares. The stock dropped 1.4 percent to 220 yen.

CMIC Co. (2309 JT): The provider of medical research related services had its rating reduced to “neutral” from “outperform” at Daiwa Securities Group Inc. The stock fell 0.8 percent to 29,600 yen.

Daihatsu Motor Co. (7262 JT): The unit of Toyota Motor Corp. (7203 JT) will construct a new plant in Indonesia, the company said in a statement. Daihatsu gained 0.1 percent to 1,311 yen. Toyota lost 1.7 percent to 3,740 yen.

Dainippon Screen Manufacturing Co. (7735 JT): Taiwan Semiconductor Manufacturing Co. (2330 TT), the world’s largest contract chipmaker, bought NT$548 million of equipment from Dainippon Screen from Feb. 1 to Feb. 23, TSMC said in a statement to the stock exchange. Dainippon Screen slipped 1.5 percent to 745 yen.

Marubeni Corp. (8002 JT): The trading company will form a joint venture to build a coal-fired power plant in Vietnam, the Nikkei newspaper reported, without citing anyone. The stock fell 2 percent to 624 yen.

Nippon Yusen K.K. (9101 JT): Japan’s largest shipping line was raised to “outperform” from “neutral” at Mitsubishi UFJ Morgan Stanley Securities Co. The stock retreated 2.7 percent to 368 yen.

Nissan Motor Co. (7201 JT): The automaker aims to buy about 2 trillion won worth of auto parts from South Korean companies in 2013, the Maeil Business Newspaper reported, without citing anyone. The Japanese company bought 50 billion won worth of parts from Korean manufacturers last year, the report said. The stock fell 2.1 percent to 841 yen.

Omron Corp. (6645 JO): The maker of electronic components said it will pay a second-half dividend of 16 yen per share, compared with the previous year’s payout of 10 yen. The stock climbed 1.1 percent to 2,215 yen.

Panasonic Corp. (6752 JT): The electronic products maker and Austria Technologie & Systemtechnik AG (ATS AV) will form a tie-up to produce printed circuit boards for smartphones, the Nikkei newspaper reported, without citing anyone. Panasonic sank 1.1 percent to 1,096 yen.

Rakuten Inc. (4755 JQ): The operator of shopping websites plans to begin services in Germany and the U.K. as early as this year, the Mainichi newspaper said, citing an interview with President Hiroshi Mikitani. The stock lost 1.9 percent to 73,400 yen.

Ryoyo Electro Corp. (8068 JT): The electronic-components wholesaler said it will cancel 7.09 percent of its outstanding shares on March 3. The stock slipped 0.5 percent to 928 yen.

Sosei Group Corp. (4565 JT), Aska Pharmaceutical Co. (4514 JT): Sosei Group, a biopharmaceutical company, said its unit received approval from Japan MHLW for its NorLevo “morning after” contraceptive pills. The drug will be marketed by Aska Pharmaceutical. Sosei Group dropped 1.3 percent to 142,700 yen. Aska Pharmaceutical declined 2.2 percent to 665 yen.

Sumitomo Corp. (8053 JT): The trading company plans to buy a majority stake in CSK Corp. (9737 JT), a computer-services company, through a tender offer and make it a subsidiary, Nikkei English News reported on its website, without saying where it obtained the information. Sumitomo declined 2.4 percent to 1,245 yen. CSK rose 0.6 percent to 343 yen.

Taiyo Nippon Sanso Corp. (4091 JT): The industrial-gas producer will spend 2 billion yen to build an industrial gas plant in India, the Nikkei newspaper reported. The plant will produce gases for automakers and start operations at the end of 2012, according to the report, which did not say where it obtained the information. The stock slid 0.6 percent to 728 yen.

Tobu Railway Co. (9001 JT): The railway and bus services company plans to raise as much as 93.2 billion yen by selling shares to the public, according to a filing with Japan’s finance ministry. The stock retreated 1.3 percent to 455 yen.

Tokyo Electric Power Co. (9501 JT), Mitsubishi Corp. (8058 JT): Asia’s biggest utility and Japan’s largest trading company plan to take a 24.6 percent stake in Electricity Generating Pcl of Thailand, the Japanese companies said in a statement. Tokyo Electric Power gained 0.7 percent to 2,176 yen. Mitsubishi dropped 1.5 percent to 2,288 yen.

Toyobo Co. (3101 JT): The textile maker plans to raise as much as 18.7 billion yen by selling shares to overseas investors, according to a filing with Japan’s finance ministry. The stock advanced 0.7 percent to 147 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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