Inpex, Sumitomo Mitsui, Takeda, Toyota: Japan Stocks 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.

Dr. Ci:Labo Co. (4924 JT): The cosmetic maker’s operating profit may have risen 3 percent to a record of about 2 billion yen ($26 million) in the three months ended in October from a year earlier on mail-order sales and cost cuts, the Nikkei newspaper reported. The stock was unchanged at 412,500 yen.

Inpex Corp. (1605) (1605 JT): Japan’s top oil explorer said an investment decision on its $30 billion Ichthys liquefied natural gas venture with Total SA in Australia may be delayed by a couple of weeks to mid-January because of the year-end holidays. The project “has been steadily progressing toward the final investment decision to be made by the end of this year,” Inpex said in a statement. Inpex fell 0.9 percent to 488,000 yen.

Gakken Holdings Co. (9470 JT), Ichishin Holdings Co. (4645 JQ): The companies have signed an agreement to form a business alliance and sell treasury shares to each other. Gakken, a textbook publisher, will sell 3 percent of its outstanding shares to Ichishin, while the cram school operator will sell a 5.03 percent stake to Gakken, the companies said in a joint statement. Gakken fell 0.6 percent to 157 yen. Ichishin was unchanged at 255 yen.

Kao Corp. (4452) (4452 JT): Asia’s biggest cosmetics maker by market value will sign an agreement with Shanghai Jahwa Group next week to sell its products in China, said Bonnie Zheng at GLocalStrategy, Jahwa’s public relations firm. Kao slid 0.2 percent to 2,043 yen.

NHK Spring Co. (5991 JT), NHK Sales Co. (7563 JT), Topura Co. (5954 JO): NHK Spring, an autoparts maker, will buy out NHK Sales and Topura in stock transactions. NHK Spring will pay 0.38 a share for each share of NHK Sales and 0.17 a share for each of Topura, according to statements. NHK Spring fell 2 percent to 640 yen. NHK Sales, an autoparts wholesaler, lost 1.9 percent to 210 yen. Topura, a maker of screws, added 1.1 percent to 89 yen.

Olympus Corp. (7733) (7733 JT): Nippon Life Insurance Co. (0001 JP), Japan’s biggest life insurer, will continue to support Olympus after the company admitted hiding losses, said Nippon Life President Yoshinobu Tsutsui. Nippon Life and a subsidiary cut their combined stake in Olympus to 5.11 percent from 8.18 percent, according to a Nov. 17 filing with Japan’s finance ministry. Olympus plunged 16 percent to 625 yen.

Osaka Securities Exchange Co. (8697 JQ): The bourse and the Tokyo Stock Exchange agreed to merge and are set to announce the deal on Nov. 22, the Nikkei newspaper reported. The stock fell 0.6 percent to 413,500 yen.

Softbank Corp. (9984) (9984 JT): The Fukuoka Softbank Hawks baseball team, owned by Softbank, won the Konami Japan Series championship of 2011 over Chunichi Dragons yesterday. Softbank lost 1.3 percent to 2,629 yen.

Sumitomo Chemical Co. (4005 JT): The chemical products maker will invest “several billion of yen” to mass produce electroluminescent panels from early 2012, the Nikkei newspaper said, without saying where it got the information. The stock fell 2 percent to 261 yen.

Sumitomo Mitsui Financial Group Inc. (8316) (8316 JT): Japan’s second-biggest lender by market value aims to open an operations center in Turkey by the end of this year, the Nikkei newspaper reported. The stock fell 2.8 percent to 2,051 yen.

Suzuki Motor Corp. (7269) (7269 JT): The carmaker said it notified Volkswagen AG (VOW GR) it had canceled their partnership, and said it would seek mediation if the German automaker does not comply with its request to buy back its shares. Volkswagen holds 19.89 percent of Suzuki. Volkswagen plans to retain its holdings in Suzuki, according to Volkswagen spokesman Eric Felber. Suzuki lost 2.7 percent to 1,565 yen.

Takeda Pharmaceutical Co. (4502 JT): Asia’s biggest drugmaker said U.S. regulators may take another three months to review a medicine earmarked to succeed its best-selling diabetes treatment, Actos. Takeda declined 1.2 percent to 3,205 yen.

Tokio Marine Holdings Inc. (8766) (8766 JT): The non-life insurer cut its full-year net income forecast by 38 percent to 90 billion yen ($1.2 billion), citing the impact of flooding in Thailand. The stock declined 2.3 percent to 1,814 yen.

Toyota Motor Corp. (7203) (7203 JT): Asia’s biggest carmaker will resume production at a plant in Thailand on Nov. 21. Toyota will adjust output depending on supplies of parts, according to a statement. The stock slipped 2.3 percent to 2,448 yen.

Yashima Denki Co. (3153 JT): The machinery distributor and repairer plans to raise as much as 774.6 million yen in a new share sale, according to a filing with Japan’s finance ministry. Also, the Tokyo Stock Exchange approved Yashima Denki to move the shares to the bourse’s first section from the second as of Dec. 9, the company said in a release. The stock advanced 1.5 percent to 343 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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