Dentsu, Park24, Sony, Sumitomo Mitsui: Japan Equity Preview

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

Able Chintai Holdings Inc. (3272 JQ): The provider of real estate brokerage and management services said it will cancel 3.25 percent of its outstanding shares on March 25. The stock rose 1.1 percent to 444 yen.

Brother Industries Ltd. (6448 JT): The maker of office- equipment and sewing machines said it will build a plant in Vietnam to manufacture sewing machines for home use. The stock increased 1.7 percent to 1,288 yen.

Chubu Electric Power Co. (9502 JT): The utility said it will cancel 0.7 percent of its outstanding shares on March 15. The stock gained 0.6 percent to 2,157 yen.

Daishi Bank Ltd. (8324 JT): The regional bank said it will cancel 0.67 percent of its outstanding shares on March 10. The stock advanced 1.7 percent to 301 yen.

Dentsu Inc. (4324 JT): Facebook Inc. (798754Z US) hired Dentsu, Japan’s largest advertising company, as its sales and marketing representative in Japan, according to a statement to the Tokyo Stock Exchange. Dentsu climbed 1.5 percent to 2,596 yen.

Heiwa Real Estate Co. (8803 JT): The developer will sell new shares to the public and to Mitsubishi Estate Co. (8802 JT) for 230 yen each to raise as much as 11.9 billion yen ($146 million), according to a filing with Japan’s Finance Ministry. Heiwa Real Estate retreated 2.1 percent to 238 yen. Mitsubishi Estate increased 1 percent to 1,668 yen.

JSP Corp. (7942 JT): The maker of polystyrene products said it will make Fagerdala Brasil Ltda., which produces and sells expanded polypropylene, a subsidiary for about 1.7 billion yen. JSP jumped 4.2 percent to 1,548 yen.

Musashino Bank Ltd. (8336 JT): The regional bank said it will spend as much as 1 billion yen to repurchase up to 0.87 percent of its outstanding shares. The stock rose 2.6 percent to 2,806 yen.

NGK Spark Plug Co. (5334 JT): The maker of industrial ceramic products said it will sell 4.35 million existing shares to the public. The stock gained 1.1 percent to 1,220 yen.

Park24 Co. (4666 JT): The parking-lot operator reported a 35 percent drop in first-quarter net income to 1.11 billion yen from a year ago. The company said sales increased 7.6 percent during the period. The stock leapt 5.2 percent to 947 yen.

Saibu Gas Co. (9536 JT): The gas-service provider increased the planned second-half dividend to 4 yen from 3 yen per share. The stock was unchanged at 211 yen.

Saint Marc Holdings Co. (3395 JT): The bakery chain increased the planned second-half dividend 47.5 yen from 42.5 yen per share. The stock rallied 1 percent to 3,715 yen.

Shikoku Electric Power Co. (9507 JT): The utility raised the planned second-half dividend to 35 yen from 25 yen per share. The stock gained 0.8 percent to 2,473 yen.

Sony Corp. (6758 JT), Toshiba Corp. (6502 JT): Sony agreed to pay 53 billion yen to Toshiba for semiconductor fabrication equipment, the companies said in a joint release. Sony will on April 1 purchase the equipment at a Nagasaki plant operated by a venture among Toshiba, Sony and Sony Computer Entertainment Inc., according to the release. Sony rose 0.9 percent to 2,993 yen. Toshiba climbed 1.1 percent to 535 yen.

Sumitomo Mitsui Financial Group Inc. (8316 JT): Japan’s second-biggest bank by market value plans to buy back and retire 70,001 preferred shares for 210 billion yen, or 3 million yen a share, on April 1, according to a release to the Tokyo Stock Exchange. The stock gained 0.8 percent to 3,085 yen.

Tsuruha Holdings Inc. (3391 JT): The drugstore chain said same-store sales rose 3.9 percent in February from a year ago as customer traffic increased 3.3 percent during the period. The stock fell 1 percent to 4,020 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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