Nidec, Olympus, Otsuka, Sumitomo Chemical: Japan Stocks Preview

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

Machinery makers: China’s manufacturing may contract this month by the most since March 2009, a preliminary purchasing managers’ index shows. The reading of 48 reported by HSBC Holdings Plc and Markit Economics compares with a final number of 51 last month. A number below 50 indicates a contraction.

Komatsu Ltd. (6301 JT), a Japanese machinery maker that makes about 12 percent of its sales in China, fell 1 percent to 1,895 yen. Fanuc Corp. (6954 JT), a maker of factory robots which counts almost half of its revenue from Asia, gained 0.7 percent to 12,260 yen. Yaskawa Electric Corp., a motion-control equipment maker that gets 28 percent of sales in Asia, increased 0.2 percent to 631 yen.

CDS Co. (2169 JQ): The Nagoya Stock Exchange approved the listing of CDS shares on the bourse’s second section on Nov. 29, allowing investors to trade the shares both on the exchange and Osaka Securities Exchange’s Jasdaq market, the developer of computer-aided design systems said in a release. CDS slid 1.2 percent to 92,000 yen.

DeNA Co. (2432 JT): The social media website operator will tie up with VNG Corp., Vietnam’s largest Internet company, to bring VNG’s social games exclusively through Mobage, DeNA’s global social gaming network. DeNA fell 3.2 percent to 2,229 yen.

Nidec Corp. (6594) (6594 JO): The world’s biggest maker of motors for hard-disk drives restarted a hard-disk drive motor parts plant in Thailand’s Rojana industrial park on Nov. 21, according to a statement. The stock climbed 1.8 percent to 6,720 yen.

Nishimatsuya Chain Co. (7545 JT): The apparel retailer said same-store sales in the month ended Nov. 20 fell 13.9 percent from a year earlier due to sluggish sales of winter clothes. The stock lost 0.5 percent to 573 yen.

Olympus Corp. (7733) (7733 JT): Goldman Sachs & Co. and two other companies affiliated with Goldman Sachs Group Inc. (GS US) held a combined 6.67 percent stake in Olympus, according to a filing with Japan’s finance ministry. Olympus, the scandal-hit endoscope maker, surged 20 percent to 869 yen.

Otsuka Holdings Co. (4578 JT): H. Lundbeck A/S (LUN DC) said the U.S. Food and Drug Administration determined that a new drug application for Otsuka Pharmaceutical Co.’s aripiprazole depot formulation for the treatment of schizophrenia is sufficiently complete to permit a substantive review. Otsuka Holdings fell 0.6 percent to 2,101 yen.

Sumitomo Chemical Co. (4005 JT): Moody’s Japan K.K. cut the senior unsecured long-term debt and issuer ratings of the chemical products maker to Baa1 from A3. The rating outlook is stable and the downgrade reflects worsening financial fundamentals, which will take some time to restore due to slower-than-expected improvements in cash flow, reduction in leverage and returns on a series of investments, the credit rating agency said in a statement. Sumitomo Chemical gained 3.5 percent to 270 yen.

Toyota Tsusho Corp. (8015) (8015 JT): The trading company partly owned by Toyota Motor Corp. (7203) (7203 JT) said it will spend as much as 1.4 billion yen to buy back up to 0.4 percent of its outstanding shares through Jan. 23. The stock advanced 1 percent to 1,232 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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