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DeNA, Inpex, Nikon, Tepco, Tokio Marine: Japan Stocks Preview

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Nov. 7 (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 last close. The information in each item was released after markets shut unless stated otherwise.

DeNA Co. (2432 JT): The Japanese social-networking service provider agreed to buy the Yokohama BayStars baseball team from Tokyo Broadcasting System Holdings Inc. DeNA said it will pay 9.5 billion yen ($122 million) for 66.9 percent of the club. The stock dipped 0.5 percent to 2,627 yen.

Hirose Electric Co. (6806 JT): The electric-equipment maker cut its full-year operating-profit forecast 12 percent to 19.5 billion yen. The company also cut its second-half dividend from 75 yen to 55 yen. The stock rose 1.4 percent to 7,280 yen.

Inpex Corp. (1605 JT): Japan’s top oil explorer raised its full-year net-income forecast 8.8 percent to 140 billion yen, saying revenue rose in line with petroleum and natural gas prices. The stock advanced 1.9 percent to 528,000 yen.

Kirin Holdings Co. (2503 JT): Japan’s biggest beverage maker cut its full-year net-income forecast 48 percent to 27 billion yen. The company cited securities losses and impairment of fixed assets for its outlook. The stock rose 1.5 percent to 971 yen.

Nikon Corp. (7731 JT): The camera maker cut its full-year net-income forecast 8.3 percent to 55 billion yen, saying flooding in Thailand hurt its output. The stock gained 2.3 percent to 1,745 yen.

Oriental Land Co. (4661 JT): The operator of Tokyo Disney Resort forecast net income of 29.4 billion yen for the year ending March 31, compared with 22.9 billion yen a year earlier. The stock gained 0.6 percent to 7,830 yen.

Osaka Securities Exchange Co. (8697 JQ): The bourse and Tokyo Stock Exchange Group Inc. have entered final takeover talks, forging a deal that would unite Japan’s largest bourse operators next year, Nikkei reported, without citing anyone. Tokyo Stock Exchange, which runs the main venue in the world’s third-largest equity market, would offer to buy between 50 percent and 66 percent of Osaka, according to the newspaper. Osaka Securities slid 1.1 percent to 365,000 yen.

Sumitomo Chemical Co. (4005 JT): The chemical products maker plans to spend 15 billion yen to build a plant to make parts to cut emissions on diesel automobiles in Poland, the Nikkei newspaper said, without saying where it got the information. The stock rose 2.2 percent to 278 yen.

Takeda Pharmaceutical Co. (4502 JT): The nation’s biggest drugmaker slashed its full-year net-income forecast 31 percent to 170 billion yen. Takeda cited costs related to the 9.6 billion-euro ($13.3 billion) takeover of Swiss rival Nycomed and the yen’s appreciation for the revised forecast. The stock gained 0.9 percent to 3,505 yen.

Tokyo Electric Power Co. (9501 JT): The utility known as Tepco said it expects a full-year loss of 600 billion yen. The stock fell 0.7 percent to 300 yen.

Tokio Marine Holdings Inc. (8766 JP): Japan’s biggest non-life insurer cut its first-half net income 17 percent to 79 billion yen because of natural disasters abroad, according to a preliminary earnings statement. The stock jumped 4.7 percent to 1,884 yen.

Yamada Denki Co. (9831 JT): The electronics retailer’s first-half current profit, or pretax profit from operations, may have risen about 30 percent to 70 billion yen from a year earlier as sales of energy efficient home appliances increased while a shift to all-digital broadcasting boosted demand for flat-panel televisions, the Nikkei newspaper reported, without saying where it obtained the information. The stock rose 2.5 percent to 5,800 yen.

To contact the reporters on this story: Masaaki Iwamoto in Tokyo at miwamoto4@bloomberg.net; 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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