Advantest, DoCoMo, JFE, Mizuho, Toyota: Japan Equity Preview

The following companies may have unusual price changes in Japanese trading today. Stock symbols are in parentheses, and share prices are as of the latest close. The information in each item was released after markets shut unless stated otherwise.

Nikkei 225 (NKY) Stock Average Reshuffle: 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 today. Dai-ichi Life declined 1.3 percent to 124,900 yen. Dainippon Screen rose 1.2 percent to 828 yen. Yaskawa dropped 1.2 percent to 966 yen.

Advantest Corp. (6857) (6857 JT): The world’s biggest maker of memory-chip testers agreed to buy Verigy Ltd. (VRGY) for $1.1 billion, or $15 a share, according to a statement. Advantest slumped 4.9 percent to 1,360 yen.

Hitachi Construction Machinery Co. (6305 JT): Japan’s second-largest producer of construction equipment resumed partial output at two plants in Hitachinaka in the region hit by the March 11 earthquake, the company said in a statement. The stock rose 0.3 percent to 2,057 yen.

J. Front Retailing Co. (3086 JT): The retailer will spend 1.6 billion yen to increase its stake in StylingLife Holdings Inc., the operator of the Plaza store chain. J. Front slumped 2.1 percent to 327 yen.

JFE Holdings Inc. (5411) (5411 JT): Japan’s second-largest steelmaker expects sales in the first-half starting April 1 to be higher than the previous six months, aided by reconstruction after the March 11 earthquake. The stock gained 1.5 percent to 2,399 yen.

Kansai Electric Power Co. (9503 JT): Japan’s second-biggest utility said it plans to spend as much as 100 billion yen ($1.2 billion) improving safety at its nuclear-power stations after the March 11 earthquake and tsunami damaged a plant run by Tokyo Electric Power Co. Kansai Electric sank 1.2 percent to 1,948 yen.

Mitsui & Co. (8031 JT): Japan’s second-largest trading company bought an additional 5.1 percent stake in TPV Technology Ltd. (903) (903 HK) for 7 billion yen. Mitsui slid 0.7 percent to 1,488 yen.

Mizuho Financial Group Inc. (8411) (8411 JT): The company’s banking unit will be inspected by Japan’s Financial Services Agency after the lender had system problems including failures of its automated teller machines, the regulator said on its website. The stock rose 0.7 percent to 149 yen.

Nipro Corp. (8086) (8086 JT): The maker of medical products restarted plants in Akita, Gunma, and Saitama prefectures. The company said in a press release that a plant in Fukushima still remains closed. The stock increased 0.5 percent to 1,628 yen.

NTT DoCoMo Inc. (9437) (9437 JT): Japan’s biggest mobile-phone carrier said it will cancel 140,000 shares, or 0.3 percent of the total, on March 31. The stock fell 0.1 percent to 148,800 yen.

Skymark Airlines Inc. (9204) (9204 JT): Japan’s biggest low-cost carrier said it found no radiation on its aircraft flying via Ibaraki Airport north of Tokyo. The stock slumped 4.7 percent to 995 yen.

Teikoku Piston Ring Co. (6463 JT), Okaya Electric Industries Co. (6926 JT): The companies said in a joint statement they will set up an equally-owned capacitor venture on April 1. Teikoku Piston, a piston ring maker, gained 0.5 percent to 744 yen. Okaya Electric, an electronics maker, slipped 0.2 percent to 487 yen.

Tokyo Electric Power Co. (9501 JT): Japan’s Nuclear and Industrial Safety Agency ordered the utility to increase the number of monitoring points at the Fukushima Dai-Ichi nuclear plant to prevent any increase in the spread of radiation. Separately, Fukushima Dai-Ichi nuclear reactors continue to remain in “serious condition,” said U.S. Nuclear Regulatory Commission Chairman Gregory Jaczko, who was visiting Japan to assess the damage from the accident, Kyodo News reported. The stock plunged 18 percent to 696 yen.

Toyota Motor Corp. (7203) (7203 JT): The automaker resumed production at two plants that make hybrid models, the Nikkei newspaper reported. Production at the plants was halted after the March 11 earthquake in northern Japan, the report said. The stock rose 0.6 percent to 3,295 yen.

Zojirushi Corp. (7965) (7965 JO): The maker of electric kitchen appliances said first-quarter net income jumped 65 percent to 1.15 billion yen. The stock lost 2.3 percent to 209 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

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

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