Orix, Resona, Sony, Toyota, Vantec: 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.

Nikkei 225 (NKY) Stock Average Revision: Dai-ichi Life Insurance Co. (8750 JT), Dainippon Screen Manufacturing Co. (7735 JT), and Yaskawa Electric Corp. (6506) (6506 JT) will join Japan’s benchmark Nikkei 225 Stock Average on March 29, Nikkei Inc. said.

The three companies will replace Sumitomo Trust & Banking Co. (8403 JT), Panasonic Electric Works Co. (6991 JT), and Sanyo Electric Co. (6764 JT), according to a statement from the index compiler.

Dai-ichi Life gained 0.3 percent. Dainippon Screen lost 1.5 percent. Yaskawa Electric increased 0.1 percent. Sumitomo Trust dropped 1.4 percent. Panasonic Electric slid 0.3 percent. Sanyo rose 0.8 percent.

Dai-ichi Kogyo Seiyaku Co. (4461 JT): The maker of soap and detergent will sell shares to the public for 285 yen each to raise as much as 1.06 billion yen ($13 million), according to a filing with Japan’s finance ministry. The stock surged 11 percent to 301 yen.

eAccess Ltd. (9427) (9427 JT): The broadband provider plans to raise $500 million this month from a sale of bonds in the U.S., the Nikkei newspaper reported. The stock declined 1.2 percent to 48,800 yen.

Hajime Construction Co. (3268 JQ): The home builder reported net income for the year ended Jan. 31 climbed 36 percent to 13.9 billion yen on a parent basis. The company forecast a 17 percent drop in its profit for this year to 11.6 billion yen. The stock fell 1.5 percent to 2,625 yen.

Ihara Chemical Industry Co. (4989 JT): The maker of organic chemical products booked 831 million yen in net income for the three months ended Jan. 31, up 20 percent from a year ago. The stock lost 1.3 percent to 304 yen.

Inaba Seisakusho Co. (3421 JT): The maker of utility sheds had a net loss of 230 million yen for the six months ended Jan. 31, missing its forecast of a 20 million yen profit, citing weak sales, according to a preliminary earnings statement. The stock increased 0.1 percent to 859 yen.

Nissin Foods Holdings Co. (2897 JT): The instant-noodle maker said it will set up a unit in Vietnam to produce and sell instant noodles. The stock was little changed at 2,913 yen.

Orix Corp. (8591) (8591 JT): The financial-services company plans to raise 400 million yuan ($this month from a sale of bonds in Hong Kong, the Nikkei newspaper reported, without citing anyone. The stock slipped 0.2 percent to 9,250 yen.

Resona Holdings Inc. (8308) (8308 JT): The lender increased the planned annual dividend to 12 yen a share from 10 yen. The stock climbed 1.4 percent to 442 yen.

Ryoyo Electro Corp. (8068) (8068 JT): The electronic-components wholesaler said net income for the year ended Jan. 31 more than tripled to 1.11 billion yen from 328 million yen a year ago as sales jumped. The company projected its profit will decrease 16 percent to 930 million yen this year. The stock gained 0.1 percent to 964 yen.

Sony Corp. (6758) (6758 JT): The electronics maker’s patent- infringement claims against LG Electronics Inc. (066570) of South Korea over liquid-crystal-display televisions and monitors will be investigated by a U.S. trade agency that has the power to block imports of LG’s products. Sony slid 0.6 percent to 2,908 yen.

Sony Financial Holdings Inc. (8729) (8729 JT): The insurance and banking arm of Sony Corp. (6758 JT) will split its stock 200- for-1 and set a minimum trading unit of 100 shares, the company said in a release. Sony Financial also said it increased the planned full-year dividend to 4,000 yen a share from 3,000 yen. Sony Financial declined 1.9 percent to 340,000 yen.

Toyobo Co. (3101 JT): The textile maker will sell shares to overseas investors in a public sale for 125 yen each to raise as much as 16.6 billion yen, according to a filing with Japan’s finance ministry. The stock retreated 1.5 percent to 129 yen.

Toyota Motor Corp. (7203) (7203 JT): The world’s largest automaker plans to increase annual operating profit to more than 1 trillion yen in two to three years, the Nikkei newspaper reported. The stock gained 0.1 percent to 3,700 yen.

Vantec Corp. (9382) (9382 JT): Hitachi Transport System Ltd. (9086) (9086 JT), a logistics company, plans to make a multi-billion yen offer for a majority stake in Vantec today, the Nikkei newspaper reported, without citing anyone. Vantec slid 0.4 percent to 116,400 yen. Hitachi Transport System dipped 0.7 percent to 1,277 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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