May 14 (Bloomberg) -- Japan’s Nikkei 225 Stock Average fell 246.76, or 2.6 percent, to 9,093.73 as of the close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

MSCI Japan Index review: Rinnai Corp. (5947 JT), McDonald’s Holding Co. Japan Ltd. (2702 JQ) and GS Yuasa Corp. (6674 JT) will be added to Morgan Stanley Capital International Inc.’s Japan Index, while Alps Electric Co. (6770 JT), NEC Electronics Corp. (6723 JT), Takefuji Corp. (8564 JT) and Haseko Corp. (1808 JT) will be removed from the benchmark gauge, MSCI said on its Web site. The changes will be effective as of the close of May 29, MSCI said.

Rinnai added 2.5 percent to 4,030 yen, the highest since Oct. 3, while McDonald’s Japan gained 4.8 percent to 1,928 yen. GS Yuasa slid 1.2 percent to 674 yen.

Alps tumbled 11 percent to 515 yen. NEC Electronics plunged 11 percent to 923 yen. Takefuji slumped 4.8 percent to 580 yen. Haseko lost 6.1 percent to 62 yen.

Bank of Yokohama Ltd. (8332 JT) slipped 6.8 percent to 422 yen. Net income plunged 89 percent to 7.34 billion yen ($76.9 million) in the year ended March 31, dragged down by higher credit costs and other expenses, Bank of Yokohama said in a release one hour before the market closed yesterday.

Cedyna Financial Corp. (8258 JT) sank 7.9 percent to 175 yen. The credit card company, previously called OMC Card, said it plans to cut 600 jobs and take a charge of about 9 billion yen in relation to the reductions.

Comsys Holdings Corp. (1721 JT) jumped by its daily limit of 12 percent to 932 yen, the highest since Sept. 10. The telecommunication engineering services provider’s net income in the year ended in March fell 14 percent to 10.1 billion yen, beating its estimate by 18 percent. Comsys said it will spend as much as 5 billion yen to buy back up to 5.72 percent of its total shares. The company was lifted to “buy” from “neutral” by Yoshiaki Komatsu, an analyst at Nomura Holdings Inc.

Culture Convenience Club Co. (4756 JT) rose 3.1 percent to 775 yen, while Kakaku.com. (2371 JT) gained 4 percent to 361,000 yen. Culture Convenience, operator of a Japanese video rental chain, plans to spend 18.1 billion yen to buy a 20.31 percent stake in the price-comparison Web site operator, the companies said in separate statements.

Edion Corp. (2730 JT) climbed 14 percent to 575 yen, rising the most since Oct. 30. The electronics retailer said in a preliminary earnings statement full-year net loss totaled 13.5 billion yen, narrower than its 14 billion yen loss projection, aided by lower administration costs.

Fields Corp. (2767 JQ) rallied 5.9 percent to 140,000 yen. The pachinko machine distributor was rated “outperform” in new coverage by Koki Shiraishi, an analyst at Daiwa Institute of Research.

Funai Electric Co. (6839 JO) rose 3.1 percent to 3,380 yen. The maker of liquid-crystal display televisions forecast a return to net income with 3.9 billion yen this fiscal year, with a 12 percent rise in sales. Loss in the year just ended widened to 17.4 billion yen from 5.38 billion yen a year earlier. The company cut its full-year dividend to 40 yen from 50 yen.

Goldcrest Co. (8871 JT) tumbled 9.7 percent to 2,100 yen. The condominium developer forecast net income will fall by about half to 4 billion yen this business year, with a 22 percent slide in sales. The company earned 8.65 billion yen in the year just ended.

Hirose Electric Co. (6806 JT) slipped 4.3 percent to 10,090 yen. The electronic-equipment maker said it expects net income to decline 9.8 percent to 12 billion yen this fiscal year, with sales falling by 5.4 percent.

Inpex Corp. (1605 JT) sank 6.1 percent to 682,000 yen. Japan’s largest energy explorer said net income may drop 61 percent to 56 billion yen this business year as the global recession reduces oil prices.

Japan Petroleum Exploration Co. (1662 JT) lost 6.8 percent to 4,000 yen. The country’s second-biggest energy explorer said net income may fall 62 percent to 4.7 billion yen this fiscal year as oil prices dropped from their 2008 peak. Revenue may decline 36 percent to 129.3 billion yen.

JTEKT Corp. (6473 JT) plummeted 9.9 percent to 791 yen, while NSK Ltd. (6471 JT) declined 7.1 percent to 431 yen. Japan’s four major bearing makers respectively posted more than a 50 percent plunge in operating profit in the year just ended, reflecting slumping auto-parts demand and foreign-exchange volatility, the Nikkan Kogyo newspaper reported.

Mandom Corp. (4917 JT) added 2 percent to 1,976 yen. The cosmetics maker said it will repurchase as much as 2.3 percent of its total shares for up to 1 billion yen. The company posted a 14 percent drop in net income to 3.01 billion yen, 9.1 percent above its forecast. Mandom expects profit to fall by 7 percent to 2.8 billion yen this fiscal year.

Meidensha Corp. (6508 JT) rallied 8.1 percent to 308 yen, the highest since Sept. 25. The electrical machinery maker posted a net loss of 1.08 billion yen in the year just ended, narrower than its 1.2 billion yen loss projection. The company expects to rebound to profit with 500 million yen this fiscal year.

Meitec Corp. (9744 JT) plunged 8.2 percent to 1,303 yen. The engineering company was cut to “reduce” from “neutral” by Kazumasa Ohara, an analyst at Nomura Holdings Inc. Meitec forecast a net loss of 3.2 billion yen this fiscal year, with sales falling by 26 percent, the company said in a release before the market closed yesterday. The company earned 4.3 billion yen in the year just ended.

Misawa Homes Co. (1722 JT) lost 6.1 percent to 295 yen. The homebuilder said in a preliminary earnings statement it had a full-year net loss of 2.9 billion yen, reversing from its profit forecast of 1.5 billion yen, due to restructuring costs and charges related to deferred-tax assets.

Mitsubishi UFJ Trust & Banking Corp. (8306 JT) fell 5.9 percent to 588 yen. The lender may cancel its planned acquisition of NikkoCiti Trust & Banking Corp. from Citigroup Inc. (C US), the Wall Street Journal reported on its Web site, citing a person familiar with the situation it didn’t identify.

NEC Corp. (6701 JT) retreated 6.8 percent to 343 yen. The personal computer maker will withdraw from a Japanese government project to develop supercomputers, the Yomiuri newspaper reported. NEC is scaling back unprofitable projects as earnings deteriorate, the report said.

NTN Corp. (6472 JT) plummeted 9.7 percent to 308 yen. The bearing maker said it expects a 21 percent decline in operating profit to 7.5 billion yen this business year, as sales may drop by 12 percent. The company forecast net income will amount to 500 million yen this year, rebounding from an 8.99 billion yen loss in the year just ended.

Nagano Bank Ltd. (8521 JT) slumped 8.3 percent to 222 yen, falling the most since Oct. 8. The regional bank plans to amend its corporate charter to allow it to receive public funds, Nikkei English News reported.

Nikon Corp. (7731 JT) sank 8.4 percent to 1,356 yen. The world’s second-biggest maker of cameras used by hobbyists and professionals forecast its widest annual loss in 11 years as prices for digital cameras fall.

Olympus Corp. (7733 JT) slumped 5.7 percent to 1,832 yen. The maker of endoscopes and digital cameras was cut to “reduce” from “neutral” by Motoya Koutani, an analyst at Nomura Holdings Inc.

Pioneer Corp. (6773 JT) plunged 13 percent to 270 yen. The maker of car audio and navigation systems said net loss in the year just ended widened to 130.5 billion yen from 19 billion yen a year earlier.

Sega Sammy Holdings Inc. (6460 JT) advanced 2.3 percent to 997 yen. The amusement-center operator and game-equipment maker expects net income of 15 billion yen this fiscal year, rebounding from a 22.9 billion yen loss in the year just ended.

Shinsei Bank Ltd. (8303 JT) dropped 6.3 percent to 133 yen. The Japanese lender backed by billionaire Christopher Flowers had net loss of 143.1 billion yen in the year just ended, reversing from 60.1 billion yen in profit a year earlier.

Simplex Technology Inc. (4340 JT) soared by its upper daily limit of 11 percent to 42,000 yen, the highest since Oct. 2. The provider of trading systems for financial companies expects a 52 percent jump in net income to 1.81 billion yen with a 21 percent advance in sales.

T Kawabe & Co. (8123 JQ) surged 28 percent to 137 yen, the sharpest gain since July 2006. Itochu Corp. (8001 JT), a trading house, said it will raise its stake in the maker of scarves and handkerchiefs to 25 percent from 19 percent. Itochu fell 4.1 percent to 625 yen.

Tokyo Broadcasting System Inc. (9401 JT) decreased 5.9 percent to 1,375 yen. The television station forecast operating profit will plunge by 62 percent to 7 billion yen this fiscal year, with a 2.9 percent drop in sales. The TV broadcaster expects a 33 percent rise in net income to 2.2 billion yen this fiscal year, reflecting charges related to stock devaluation and deferred-tax assets it booked in the previous year.

Toridoll.corp (3397 JT) climbed 12 percent to 414,000 yen. The restaurant operator was boosted to “buy” from “reduce” by Nomura analyst Kousuke Narikiyo.

Toyo Engineering Corp. (6330 JT) tumbled 8.1 percent to 341 yen. The plant-engineering company expects a 23 percent drop in net income to 5 billion yen this fiscal year on a 39 percent decline in sales.

Unipres Corp. (5949 JT) soared by its daily limit of 15 percent to 772 yen, a record gain since its listing on the Tokyo Stock Exchange in February 2004. The auto-parts maker said in a preliminary earnings statement full-year net income amounted to 3.6 billion yen, beating its forecast by 13 percent.

To contact the reporters on the story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

Last Updated: May 14, 2009 03:25 EDT