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Disco, J. Front, Mizuho, Yoshinoya: 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.

Disco Corp. (6146 JT): Taiwan’s Advanced Semiconductor Engineering Inc. (2311 TT) purchased NT$527 million ($17.7 million) of equipment from Disco from March 23 to Feb. 25, Advanced Semiconductor said in a statement to the Taiwan Stock Exchange. Disco, the maker of chip-manufacturing equipment, gained 2.5 percent to 5,650 yen.

Dydo Drinco Inc. (2590 JT): The drinks maker, which sells its products through vending machines and convenience stores, said its full-year net income rose to 2.69 billion yen ($32.9 million) from 705 million yen a year earlier. The stock gained 1.2 percent to 3,460 yen.

East Japan Railway Co. (9020 JT): The company is set to partner with Kawasaki Heavy Industries Ltd., Sumitomo Shoji Financial Management and other firms to bid for California’s planned high-speed rail network, the Nikkei Newspaper reported. The stock gained 0.5 percent to 5,700 yen.

Fujifilm Holdings Corp. (4901 JT): The imaging services company will acquire MSD Biologics UK Ltd. and Diosynth RTP Inc. of the U.S. from Merck & Co. (MRK US) for about 40 billion yen next month, the Nikkei newspaper reported, without citing anyone. Annual sales of the antibody drug makers are about 13 billion yen, according to the report. Fujifilm gained 1 percent to 2,856 yen.

J. Front Retailing Co. (3086 JT): The Japanese operator of Daimaru department stores said it will spend 8.21 billion yen to buy a 40.5 percent stake in StylingLife Holdings Inc., which runs Plaza gift and sundry shops in the country. J. Front slid 0.2 percent to 423 yen.

IHI Corp. (7013 JT): The heavy-machinery maker plans to form an alliance with Sembcorp Marine Ltd. (SMM SP) subsidiary Jurong Shipyard Pte to construct offshore oil rigs, the Nikkei newspaper reported. IHI would design the rigs and undertake most of the construction at its Japanese plant, according to the report, which did not cite anyone. IHI advanced 1.9 percent to 211 yen.

Kyotaru Co. (8187 JQ), Yoshinoya Holdings Co. (9861 JT): Yoshinoya, a Japanese restaurant chain that serves bowls of rice with stewed beef, plans to buy out Kyotaru in a stock transaction. Kyotaru, a Japanese sushi restaurant operator, is scheduled to be delisted from the JASDAQ market on June 28, ahead of the acquisition on July 1, according to a statement to the Tokyo Stock Exchange. Kyotaru shares gained 0.8 percent to 46,950 yen. Yoshinoya rose 1.3 percent to 104,700 yen.

Mitsubishi Corp. (8058 JT): Japan’s biggest trading company’s Marunouchi Capital Co. offered 40 billion yen for Tokyo supermarket operator Seijo Ishii Co., the Nikkei newspaper said. It was the highest bid for the 80-store chain put up for sale last fall by Rex Holdings Co., the report said. Mitsubishi increased 0.2 percent to 2,256 yen.

Mizuho Financial Group Inc. (8411 JT): Japan’s third- biggest bank by market value is discussing making Mizuho Securities Co. and two other brokerage and investment banking companies into wholly owned units through stock-swap deals with minority shareholders, Nikkei English News reported, without saying where it got the information. Mizuho shares rose 1.2 percent to 165 yen.

Namco Bandai Holdings Inc. (7832 JT): The video-game maker said it plans to buy back up to 20 million shares, or 8 percent of stock, for as much as 20 billion yen. Namco Bandai will retire the shares acquired, according to a release to the Tokyo Stock Exchange. The stock advanced 1.6 percent to 929 yen.

NEC Corp. (6701 JT): Japan’s biggest maker of personal computers cut its net income forecast for the current fiscal year ending March 31 to breakeven, citing declining revenue from information-technology services. Tokyo-based NEC previously expected 15 billion yen in profit. The stock declined 0.4 percent to 233 yen.

Toyota Motor Corp. (7203 JT): The world’s largest automaker is seeking to cut 1,200 workers at its European headquarters in Brussels through an early retirement program, the Nikkei newspaper reported. The stock climbed 2.2 percent to 3,755 yen.

To contact the reporters on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net; 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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