Hitachi Chemical, Kao, Nomura, Sanrio: Japan Stocks Preview

The following companies may have unusual price changes in Japanese trading today. 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.

Celsys Inc. (3829) (3829 JT) and HI Corp. (3846 JQ): The companies agreed to merge in April, according to a statement. Each share in software developer Celsys will be exchanged for 100 shares in a newly formed holding company, while each of middleware developer HI will be worth 105 shares, the statement said. Celsys gained 4.1 percent to 45,700 yen. HI slid 0.1 percent to 44,400 yen.

EGuarantee Inc. (8771) (8771 JQ): The company that analyzes the credit risk of loans plans to raise as much as 849.7 million yen ($11 million) by selling new shares, according to a filing with Japan’s finance ministry. The stock declined 2.5 percent to 927 yen.

Hitachi Chemical Co. (4217 JT), Shin-Kobe Electric Machinery Co. (6934 JT): Hitachi Chemical will pay as much as 36 billion yen to buy Shin-Kobe Electric Machinery in a tender offer at 1,710 yen a share, according to a statement. Hitachi Chemical gained 3.1 percent to 1,392 yen. Shin-Kobe Electric lost 3.7 percent to 1,213 yen.

Kao Corp. (4452) (4452 JT): The household products maker expects sales in China to reach 50 billion yen in the “near future” and to achieve 100 billion yen “eventually,” President Motoki Ozaki said in Shanghai. The company’s cooperation with Shanghai Jahwa Group, a Chinese state-owned cosmetics and household goods maker, will start in 2013, Ozaki said. Kao fell 0.4 percent to 2,024 yen.

Mazda Motor Corp. (7261 JT): The automaker agreed to start talks with OAO Sollers to establish a joint venture production facility in Russia, the Japanese company said in a statement. The stock gained 2.3 percent to 133 yen.

Milbon Co. (4919 JT): The maker of hair-care products boosted its planned second-half dividend to 34 yen a share from 30 yen. The stock slipped 0.3 percent to 2,399 yen.

Misumi Group Inc. (9962) (9962 JT): The mail-order distributor of precision-machine parts said October sales rose 4.9 percent to 10.7 billion yen from a year earlier. The stock fell 0.1 percent to 1,597 yen.

Nomura Holdings Inc. (8604) (8604 JT): Japan’s largest brokerage started cutting jobs in its home market, said two people with knowledge of the matter. Nomura last week gave notice to about 15 employees in Tokyo, who were working at its equity-related businesses in the global markets division, said the people, declining to be identified as the matter is confidential. The unit faces more cuts and the investment banking operation could also see jobs eliminated, one of the people said. The stock gained 2.7 percent to 230 yen.

Panasonic Corp. (6752) (6752 JT): The electronics maker will spend 45 billion yen to build a solar-cell plant in Malaysia, according to a statement to the Tokyo Stock Exchange. The stock slid 0.2 percent to 685 yen.

Rhythm Watch Co. (7769 JT): The clockmaker said it will spend as much as 1 billion yen to buy back as much as 5.3 percent of its outstanding shares. The stock fell 1 percent to 98 yen.

Sanrio Co. (8136 JT): Investor Jim Rogers said that Japanese stocks are “very cheap” and that he also owns stock of the Hello Kitty brand licenser. The stock fell 1.1 percent to 4,005 yen.

Suzuki Motor Corp. (7269) (7269 JT): The automaker will resume partial production of motorcycles at its plant in Thailand starting Dec. 1, after output was disrupted due to flooding, according to an e-mailed statement. The stock gained 0.7 percent to 1,543 yen.

Tokyo Electric Power Co. (9501 JT): The Malaysian government asked Japan to cover the utility’s cost of liquefied natural gas imports in case the company fails to pay, the Asahi newspaper reported, without saying where it got the information. Japan is likely to accept the request, the newspaper said. The stock gained 4.1 percent to 282 yen.

Toyota Motor Corp. (7203) (7203 JT): Japan’s biggest automaker introduced the new 86 coupe on Nov. 27, saying the rear-wheel- drive auto will be available in the northern hemisphere from spring next year. The stock gained 1.6 percent to 2,413 yen.

Uchida Yoko Co. (8057 JT): The office-equipment trader said its first-quarter operating loss widened to 1.03 billion yen from 971 million yen a year earlier as sales fell. The loss in the quarter ended Oct. 20 narrowed to 796 million yen from 1.01 billion yen a year earlier. The stock fell 1.5 percent to 199 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net Masaaki Iwamoto in Tokyo at miwamoto4@bloomberg.net;

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

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