The following companies may have unusual price changes in Japanese trading on March 13. 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.
Chugoku Electric Power Co. (9504 JP) halted the No. 1 oil-fired unit at its Tamashima power plant after finding water leaking from a boiler. The utility said some pipes were found to be damaged, in a statement on its website that didn’t say when the 50-megawatt unit will be restarted. The shares slipped 0.3 percent to 1,522 yen.
DeNA Co. (2432 JT), Japan’s biggest social-networking website operator, agreed with Sina Corp. to start a website in April under the Chinese company’s domain that will allow the 300 million users of its Weibo.com site to download games to their smartphones. DeNA rose 3.3 percent to 2,480 yen.
Kawasaki Kisen Kaisha Ltd. (9107 JP) will start joint shipping services in April on Asia-Europe trade with Hanjin Shipping Co., China Cosco Holdings Co. and three other cargo lines, according to a statement from Hanjin Shipping. The tie-up was first announced in December. Kawasaki Kisen fell 1.1 percent to 175 yen.
Sanwa Holdings Corp. (5929 JT), a maker of doors and windows, was raised to “Outperform” from “Neutral” by SMBC Nikko Securities Inc. The 12-month price target is 350 yen per share. The stock fell 1.6 percent to 300 yen.
Showa Denko K.K. (4004 JT), a chemical maker, may be the biggest creditor to Sanko Steamship Co., which plans to seek out-of-court debt talks, Tokyo Shoko Research said today. Sanko had 55.4 billion yen in liabilities as of the end of March 2011, according to the report. Showa Denko fell 1.6 percent to 185 yen.
Wakita & Co. (8125 JO), a trading firm that deals in construction equipment, announced that it expects net proceeds of as much as 3.07 billion yen from a sale of treasury shares. The company’s stock lost 1.34 percent to 585 yen.