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Aozora, Daiwa, Mitsui, Softbank, Toshiba: 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.

Aozora Bank Ltd. (8304 JT): Australia & New Zealand Banking Group Ltd. (ANZ AU) may buy Aozora Bank, the Yomiuri newspaper reported. ANZ is in talks with Cerberus Capital Management LP (137482Z US), Aozora’s largest shareholder, regarding the purchase, the report said. Aozora rallied 5.4 percent to 195 yen.

Daiwa Securities Group Inc. (8601) (8601 JT): Japan’s second- largest brokerage agreed with the Taiwanese government to seek cross-border investment banking opportunities in the two economies, Chief Executive Officer Takashi Hibino said. Daiwa and Taiwan’s Council for Economic Planning and Development will encourage mergers and acquisitions and initial public offerings between the markets, Hibino told reporters in Tokyo. Daiwa was unchanged at 300 yen.

Exedy Corp. (7278) (7278 JT): The auto-parts maker said it will buy back up to 0.4 percent of its outstanding shares through Dec. 31. The stock increased 0.6 percent to 2,586 yen.

JX Holdings Inc. (5020) (5020 JT) and Nippo Corp. (1881) (1881 JT): The companies will merge their engineering businesses, Nippo said in a release. JX Holdings, an energy company, declined 1.1 percent to 467 yen. Nippo, a road paver, advanced 2.7 percent to 646 yen.

Mani Inc. (7730) (7730 JQ): The medical-goods maker said the Tokyo Stock Exchange approved the listing of its shares on the bourse’s second section on Sept. 5, allowing investors to trade them on both the Tokyo exchange and Osaka’s Jasdaq market. Mani slipped 2.9 percent to 2,605 yen.

Mitsui & Co. (8031 JT) and Mitsui Chemicals Inc. (4183) (4183 JT): The companies won rights to negotiate for the $3 billion project to make ammonia for fertilizers in Brunei, the Nikkei newspaper reported. Mitsui fell 0.1 percent to 1,239 yen. Mitsui Chemicals advanced 1.6 percent to 258 yen.

Nippon Yakin Kogyo Co. (5480 JT): The stainless steel producer plans to raise as much as 5.54 billion yen ($72 million) in a public share sale, according to a filing with Japan’s finance ministry. The stock gained 2.6 percent to 197 yen.

Softbank Corp. (9984) (9984 JT): SFJ Capital Ltd, a unit of Softbank, plans to issue 200 billion yen in preferred securities, according to a filing with Japan’s finance ministry. Softbank climbed 2 percent to 2,543 yen.

Tokyo Electric Power Inc. (9501 JT): Japan will end the mandatory reductions in power consumption imposed on large users of the utility on Sept. 9, two weeks earlier than it had planned, the Nikkei newspaper reported. The utility, known as Tepco, slid 1.3 percent to 395 yen.

Toshiba Corp. (6502) (6502 JT), Hitachi Ltd. (6501) (6501 JT), and Sony Corp. (6758) (6758 JT): The companies will form a venture to produce liquid-crystal displays, the Yomiuri newspaper reported. The venture will have 21.5 percent of the global market for small and medium-sized panels, making it the biggest maker, the report said. Toshiba advanced 2.8 percent to 332 yen. Hitachi rose 0.3 percent to 406 yen. Sony gained 2.8 percent to 1,637 yen.

Yamazawa Co. (9993 JT): The supermarket chain said it will pay a commemorative dividend of 5 yen per share to mark the company’s 50th anniversary, raising its planned full-year dividend to 32 yen from 27 yen. The stock rose 1.3 percent to 1,295 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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