By Akiko Ikeda and Norie Kuboyama
June 17 (Bloomberg) -- Japan’s Nikkei 225 Stock Average rose 87.97, or 0.9 percent, to 9,840.85 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.
Boeing-related companies: Suppliers to Boeing Co. (BA US) rose after the Nikkei newspaper said the U.S. defense contractor plans to build a second U.S. factory in 2012 to assemble its 787 Dreamliner to boost its output capacity. The new factory may be able to build about 10 Dreamliners a month, the same as its existing 787 line, the newspaper said, without providing an investment amount.
Kawasaki Heavy Industries Ltd. (7012 JT) jumped 9.5 percent to 278 yen, the highest since July 31. Fuji Heavy Industries Ltd. (7270 JT) rose 3 percent to 382 yen. GS Yuasa Corp. (6674 JT) jumped 12 percent to 1,180 yen. Bridgestone Corp. (5108 JT) added 2.7 percent to 1,417 yen. Nabtesco Corp. (6268 JT) rose 2.9 percent to 970 yen. Osaka Titanium technologies Co. (5726 JT) advanced 4.3 percent to 3,890 yen. Toho Titanium Co. (5727 JT) rose 4 percent to 1,783 yen. Teijin Ltd. (3401 JT) climbed 10 percent to 317 yen.
Electric car-parts suppliers: Meidensha Corp. (6508 JT), Sanyo Electric Co. (6764 JT) and other electric car-parts suppliers jumped ahead of the start of a Nomura Holdings Inc. green technology fund. Nomura, Japan’s biggest securities company, is offering a global fund that focuses on companies engaging in environmentally friendly technologies and is setting a price on the investment vehicle on June 24. Meidensha surged by its upper limit of 16 percent to 577 yen, the highest since August 1997. Sanyo jumped 14 percent to 279 yen. Nippon Denko Co. (5563 JT) rallied 14 percent to 744 yen. Japan Wind Development Co. (2766 JT) climbed 9.3 percent to 448,000 yen. Yaskawa Electric Corp. (6506 JT) surged 11 percent to 673 yen.
Non-ferrous metals producers: Higher prices of copper and nickel may boost profit of smelting businesses at non-ferrous metals companies, the Nikkei newspaper reported without citing anyone. Mitsui Mining & Smelting Co.’s (5706 JT) operating profit in its mining and basic materials business may break even, helped by higher-than-expected zinc prices and the weaker yen, according to the report. The company forecast an operating loss of 1.5 billion yen ($15.6 million), the report said. Mitsubishi Materials Corp. (5711 JT) may earn a 3.5 billion yen profit in its copper business, beating its breakeven forecast, the report said. Mitsui Mining rallied 6.4 percent to 248 yen. Mitsubishi Materials added 1.9 percent to 316 yen.
Advan Co. (7463 JT) gained 4.7 percent to 513 yen. The trading company specializing in construction materials said it will repurchase as much as 0.7 percent of its outstanding shares for up to 100 million yen through the end of March 2010.
Ardepro Co. (8925 JT) tumbled 14 percent to 1,202 yen. The real estate company said it formed an investigating committee as the company found it may need to restate its earnings.
DA Office Investment Corp. (8976 JT) surged by its daily limit of 15 percent to 226,900 yen. Daiwa Securities Group Inc. (8601 JT), Japan’s second-biggest brokerage, will invest about 10 billion yen in the Tokyo-based real estate investment trust, Nikkei English News said, without citing anyone. Daiwa will take a 13 percent stake in the REIT through a private placement of shares, the report said. Daiwa will also acquire all the shares in the company that manages the REIT, DaVinci Select KK, from K.K. DaVinci Holdings (4314 JX), the report said. K.K. DaVinci gained 5.9 percent to 21,700 yen. Daiwa rose 0.5 percent to 650 yen.
Daiwa House Industry Co. (1925 JT) advanced 4.3 percent to 981 yen. The developer had the 12-month price estimate on its shares increased to 1,050 yen from 730 yen by Hiroko Kubota, an analyst at Morgan Stanley.
Hamakyorex Co. (9037 JT) added 2.8 percent to 2,030 yen. Atlantis Investment Management Ltd. (2241540Z LN) held a 5.15 percent stake in the provider of trucking and warehousing services, according to a filing with Japan’s Ministry of Finance.
Kirin Holdings Co. (2503 JT) advanced 4.4 percent to 1,265 yen, the highest since Oct. 6. Japan’s largest beverage producer was raised to “overweight” from “neutral” by Naomi Takagi, an analyst at JPMorgan Chase & Co.
Mitsui Home Co. (1868 JT) rose 3.9 percent to 538 yen. Morgan Stanley analyst Hiroko Kubota raised a 12-month price estimate of the homebuilder to 610 yen from 500 yen.
Namura Shipbuilding Co. (7014 JO) rallied 7.4 percent to 609 yen. The maker of cargo vessels and tankers raised its net income forecast for the year ending March 31 by 25 percent to 5.5 billion yen, because of profit related to its client’s cancellation of a ship order. It earned 2.98 billion yen a year ago.
Nippon Formula Feed Manufacturing Co. (2056 JT) gained 4.2 percent to 125 yen. Nosan Corp. (2051 JT) rose 2.1 percent to 246 yen. Japan’s National Federation of Agricultural Cooperative Associations decided to raise prices of livestock feed blend by 5 to 6 percent between July and September in order to pass on an increase in corn prices, the Nikkei newspaper reported. The price increase is the first one in three quarters, according to the report. Nippon Formula and Nosan, livestock feed makers, will also raise livestock feed prices, the report said.
Nipro Corp. (8086 JT) rose 3.4 percent to 1,811 yen. The medical-products maker was lifted to “outperform” from “neutral plus” by Hiroki Tada, an analyst at Mizuho Investors Securities Co.
Sekisui House Ltd. (1928 JT) advanced 3.2 percent to 982 yen. Morgan Stanley analyst Hiroko Kubota lifted the homebuilder to “overweight” from “equal-weight.”
Sumitomo Forestry Co. (1911 JO) soared 11 percent to 773 yen, the highest since Aug. 29. The homebuilder and lumber producer had its rating raised to “overweight” from “equal- weight” by Morgan Stanley analyst Hiroko Kubota.
Ube Industries Ltd. (4208 JT) climbed 8.1 percent to 253 yen. UBS AG analyst Takaaki Muramatsu lifted the chemical products maker to “buy” from “neutral.”
To contact the reporters on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net; Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.
Last Updated: June 17, 2009 02:48 EDT
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