Mitsubishi Heavy, Murata, NSK: Japanese Equity Movers Final

Nov. 1 (Bloomberg) -- The following stocks rose or fell in Japanese markets today. Prices are as of the close. Stock symbols are in parentheses.

Asahi Glass Co. (5201 JT) advanced 75 yen, or 4.8 percent, to 1,647. The world's second-biggest supplier of glass for liquid-crystal displays offered to pay 90.2 billion won ($100 million) for a majority stake in South Korea's Hankuk Electric Glass Co. (009720 KS). Asahi Glass also said nine-month net income rose 29 percent to 83.4 billion yen, with a 2.7 percent gain in sales.

Belluna Co. (9997 JT) plunged 190 yen, or 16 percent, to 996. The mail-order company cut its full-year net income forecast 28 percent to 6.18 billion yen and sales forecast 5.1 percent to 130 billion yen.

Cybird Holdings Co. (4823 JQ) climbed by its upper limit of 5,000 yen, or 9.3 percent, to 58,600. The provider of ring tones and information to mobile phone operators said Longreach Group, an independent investment company, made a takeover offer of 60,000 yen a share.

GCA Holdings Corp. (2126 JT) soared 67,000 yen, or 11 percent, to 661,000. The second-ranked adviser on Japanese mergers this year will acquire U.S. investment bank Savvian LLC for about 90 billion yen to expand into international advisory work.

Hakuhodo DY Holdings Inc. (2433 JT) plummeted 780 yen, or 9.3 percent, to 7,570. Japan's second-largest advertising company lowered its full-year net income forecast 18 percent to 11.1 billion yen because of office relocation costs.

Japan Aviation Electronics Industry Ltd. (6807 JT) declined 106 yen, or 6 percent, to 1,655. The electronic devices maker was downgraded to ``neutral'' from ``buy'' by UBS analyst Fumihide Goto.

Japan Tobacco Inc. (2914 JT) rose 14,000 yen, or 2.1 percent, to 683,000. The world's third-largest publicly traded cigarette maker posted a 49 percent increase in second-quarter net income to 69.3 billion yen after sales in Europe and Russia increased with the purchase of Gallaher Group Plc. Bloomberg calculated the quarterly result by subtracting first-quarter earnings from reported first-half profit.

Kentucky Fried Chicken Japan Ltd. (9873 JT) tumbled 165 yen, or 7.6 percent, to 2,000. Mitsubishi Corp. (8058 JT), Japan's largest trading company, offered 1,947 yen for each share in the restaurant chain, a 10 percent discount to the previous closing price. Mitsubishi rose 80 yen, or 2.3 percent, to 3,630.

Kirin Holdings Co. (2503 JT) rose 49 yen, or 3.1 percent, to 1,654. Japan's biggest brewer was raised to ``buy'' by Nomura Securities.

Lion Corp. (4912 JT) rose 17 yen, or 3.1 percent, to 558. The household products maker cut its full-year profit forecast 18 percent to 4.5 billion yen, citing recall-related costs. It reported nine-month net income of 3.64 billion yen, reversing a 960 million yen loss a year earlier, with a 4.5 percent rise in sales.

Konami Corp. (9766 JT) dropped 200 yen, or 5.9 percent, to 3,190. The maker of the ``Metal Gear Solid'' espionage action game yesterday said its delay of the latest installment prompted concerns earnings growth may slow.

Makita Corp. (6586 JT) gained 350 yen, or 6.4 percent, to 5,860. The world's biggest maker of power tools raised its full-year net income forecast 7.8 percent to 42.8 billion yen and some analysts increased their stock price estimates.

Mitsubishi Heavy Industries Ltd. (7011 JT) fell 29 yen, or 4.4 percent, to 635. A Mitsubishi Heavy factory was investigated by Japanese police after an F-2 support fighter crashed yesterday at Nagoya airport. Eight investigators began an inspection of the plant near Nagoya, central Japan, said Hideo Ikuno, a spokesman for Mitsubishi Heavy contacted by telephone. The plant builds and maintains F-2 fighters for Japan's military.

Mitsui Engineering & Shipbuilding Co. (7003 JT) declined 35 yen, or 5.2 percent, to 635. The shipbuilder had first-half net income of 4.23 billion yen, missing its 4.5 billion yen profit forecast.

Mitsui Mining & Smelting Co. (5706 JT) rose 13 yen, or 2.7 percent, to 495. The non-ferrous metal producer increased its full-year net income outlook 15 percent to 30 billion yen because of a gain on the sale of fixed assets.

Murata Manufacturing Co. (6981 JO) extended a decline, falling 280 yen, or 4 percent, to 6,670. The electronic components maker reported an unexpected drop in second-quarter profit, prompting rating cuts by at least five analysts.

Nippon Oil Corp. (5001 JT) rose 42 yen, or 4.2 percent, to 1,053. First-half net income at Japan's biggest petroleum refiner grew 32 percent to 84.8 billion yen after record crude oil prices boosted exploration, production revenue and inventory value.

NSK Ltd. (6471 JT) extended yesterday's 5 percent gain, rising 117 yen, or 12 percent, to 1,128, after the maker of bearings used in precision machinery raised its full-year net income forecast 5.1 percent to 41 billion yen on better-than-expected sales.

NTT Data Corp. (9613 JT) dropped 30,000 yen, or 5.7 percent, to 493,000. Japan's biggest computer systems and services supplier said first-half net income slipped 6.2 percent to 21.2 billion yen.

Rengo Co. (3941 JT) dropped 31 yen, or 3.7 percent, to 797. The papermaker was cut to ``sell'' from ``hold'' by Deutsche Securities analyst Katsuhiko Ishibashi.

Sega Toys Co. (7842 JQ) rallied 21 yen, or 5.7 percent, to 390. The toymaker had a first-half net loss of 319 million yen, narrower its 390 million yen loss forecast. The company lowered its full-year net income forecast 66 percent to 116 million yen, citing sluggish sales in Japan.

Showa Denko K.K. (4004 JT) slumped 22 yen, or 4.9 percent, to 427. The petrochemical maker said higher crude oil costs and foreign exchange losses caused a 40 percent drop in third-quarter net income to 5.94 billion yen.

Sony Corp. (6758 JT) rose 190 yen, or 3.4 percent, to 5,830. The company may sell stakes in its animated film and movie special-effects units, according to a person familiar with the discussions. Jim Kennedy, a spokesman for Sony Pictures Entertainment, said the company is open to exploring partnerships for those businesses.

T&D Holdings Inc. (8795 JT) advanced 290 yen, or 4.2 percent, to 7,160. Japan's only publicly traded life insurer said first-half net income was about 33 billion yen, 50 percent above its 22 billion yen forecast, with better-than-expected revenue.

Yokogawa Electric Corp. (6841 JT) plunged by its daily limit of 200 yen, or 14 percent, to 1,243. The chip-testing machine maker's first-half net income dropped 33 percent to 2.72 billion yen. The company lowered its full-year profit forecast 14 percent to 12 billion yen. Nomura analyst Tetsuya Wadaki cut his rating of the stock to ``neutral'' from ``buy.''

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

To contact the editor responsible for this story: Peter Langan at plangan@bloomberg.net.