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All Nippon, M3, Murata, Nissin Foods: Japan Equity Preview

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Aug. 24 (Bloomberg) -- 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.

All Nippon Airways Co. (9202 JT): Asia’s largest listed carrier by sales will fly its Boeing Co. 787 aircraft on a Tokyo-Frankfurt route starting in January, the carrier said in an e-mailed statement. The airline will also fly the 787 between Beijing and Tokyo starting in December, until the Frankfurt service begins, according to the statement. The stock rose 0.8 percent to 244 yen.

Chugoku Bank Ltd. (8382 JT): The regional bank said it plans to buy back 11.67 percent of outstanding shares in a tender offer. The lender will spend 23.4 billion yen ($305 million) on the repurchase, or 867 yen a share, according to a statement. The stock gained 3 percent to 984 yen.

Fujimi Inc. (5384 JT): The maker of silicon wafer-polishing materials said it will repurchase up to 3.58 percent of its total shares. The stock advanced 1.2 percent to 794 yen.

M3 Inc. (2413 JT): The medical-information services provider said it will acquire Doctors.net.uk Ltd. (3616844Z LN), a U.K. portal-site for doctors, for 13.4 million pounds ($22.1 million). M3 increased 0.7 percent to 692,000 yen.

Murata Manufacturing Co. (6981 JO): The U.S. District Court for the Eastern District of Texas ruled in favor of SynQor Inc. (28770Z US) in a patent lawsuit and ordered the Japanese electronic-parts maker to pay $20.98 million for damages to the Massachusetts-based power converter maker, Murata said in a statement. Murata said it plans to appeal to the U.S. Court of Appeals for the Federal Circuit to reverse the judgment. Murata rose 0.4 percent to 4,525 yen.

Nissan Motor Co. (7201 JT): The automaker is in talks with billionaire Eike Batista for a possible partnership in Brazil as it seeks to quadruple its car output capacity in the Latin American country, Chief Operating Officer Toshiyuki Shiga said. The stock increased 3 percent to 645 yen.

Nissin Foods Holdings Co. (2897 JT): The instant-noodle said it will spend as much as 1.6 billion yen to buy back up to 0.45 percent of its outstanding shares. The stock gained 1.5 percent to 2,913 yen.

Sho-Bi Corp. (7819 JT): The general merchandise wholesaler said the Tokyo Stock Exchange approved Sho-Bi to move its shares to the bourse’s first section on Sept. 9, from the current second section. Also, Sho-Bi said three shareholders, including President Ichiro Terada, will sell a total of 1 million existing shares to the public. The stock rose 0.5 percent to 600 yen.

Tokyo Electric Power Co. (9501 JT) and Sumitomo Metal Industries Ltd. (5405 JT): The companies’ Kashima Kyodo Karyoku K.K. venture will halt its No. 1 thermal unit tomorrow for maintenance after a malfunction, Rim Intelligence reported on its website. Tokyo Electric, the utility at the center of the worst nuclear crisis in 25 years, fell 2.1 percent to 418 yen. Sumitomo Metal was unchanged at 158 yen.

Toyota Motor Corp. (7203 JT): The automaker will start production today of a new Camry, the top-selling U.S. car, as it speeds up factory lines slowed by Japan’s earthquake, said Bob Carter, group vice president of U.S. sales. Sales of the new model begin in October, he said. The stock increased 2.3 percent to 2,763 yen.

TV Tokyo Holdings Corp. (9413 JT): The television broadcaster’s July sales fell 3.2 percent to 7.55 billion yen from the same month a year earlier. The stock climbed 2.2 percent to 994 yen.

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

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

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