Japan Stocks: Advantest, Chugai, Honda, Kagome, Pasona, Ricoh

Japan's Nikkei 225 Stock Average (NKY) rose 19.02, or 0.1 percent, to 13,353.78 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.

Advantest Corp. (6857) declined 140 yen, or 6.1 percent, to 2,170. The world's biggest maker of memory-chip testers posted a first-quarter loss of 152 million yen ($1.4 million) after semiconductor makers scaled back investment in factories amid oversupply. The company earned 9.95 billion yen a year earlier. Sales dropped 54 percent to 26.5 billion yen.

Capcom Co. (9697) added 80 yen, or 2.5 percent, to 3,250. The video game developer was rated ``buy'' in new coverage by Shunsuke Tsuchiya, a Tokyo-based analyst at UBS AG.

Chugai Pharmaceutical Co. (4519) gained 69 yen, or 4.4 percent, to 1,650. The Japanese drugmaker controlled by Roche Holding AG (ROG) rose after U.S. regulators said its arthritis treatment Actemra is effective, and side effects may diminish at lower dosages.

H2O Retailing Corp. (8242) fell 23 yen, or 3.2 percent, to 706. The railway department store operator cut its first-half net income estimate 8.1 percent to 3.4 billion yen, on lower-than-expected sales.

Hino Motors Ltd. (7205) fell 27 yen, or 4.1 percent, to 633. Japan's largest maker of heavy-duty trucks, was cut to ``neutral'' from ``neutral plus'' by Atsushi Kawai, an analyst at Mizuho Investors Securities Co.

Hitachi High-Technologies Corp. (8036) plummeted 95 yen, or 4.2 percent, to 2,175. The trading company that handles computers and peripherals lowered its full-year net income forecast by 18 percent to 22 billion yen. The company cited continued weakness in memory prices and declining investment from manufacturers because of the U.S. economic slowdown and high fuel and materials costs.

Honda Motor Co. (7267) slid 110 yen, or 2.9 percent, to 3,650. Japan's second-largest carmaker cut its full-year operating profit forecast 3.1 percent to 630 billion yen. The Tokyo-based company said higher costs for raw materials and lower vehicle sales would reduce profit for the full year. Honda was cut to ``hold'' from ``strong buy'' by Yoshio Watanabe, an analyst at Mizuho Securities Co.

Idea International Co. (3140 JX) rose to 3,410 yen, 24 percent above its initial offering price of 2,750 yen. The designer of interior products and consumer electronics started trading on the Osaka Securities Exchange's Hercules market.

Innotech Corp. (9880) plummeted by its daily limit of 100 yen, or 17 percent, to 505, the most since listing four months ago on the Tokyo Stock Exchange. The semiconductor equipment exporter cut its net income target for the year ending March 31 by 61 percent to 700 million yen, citing falling prices of hard disks and flash memory. The company earned 1.56 billion yen a year earlier.

Itoham Foods Inc. (2284) gained 24 yen, or 4.4 percent, to 572. Nippon Meat Packers Inc. (2282 JT) rose 52 yen, or 3.2 percent, to 1,670, its highest since August 1999. The processors of meat products will produce store-brand sausages for retailer Seven & I Holdings Co. (3382) , the Nikkei newspaper said. Seven & I lost 10 yen, or 0.3 percent, to 3,120.

Kagome Co. (2811) dropped 48 yen, or 3.1 percent, to 1,504. The ketchup and sauce maker cut its full-year net income forecast 30 percent to 2.8 billion yen, citing slowing demand for its vegetable juices and higher ingredients costs.

Kawasaki Kisen Kaisha Ltd. (9107) slipped 35 yen, or 3.7 percent, to 911. Japan's third-largest shipping line by sales said first-quarter net income fell 17 percent to 21.5 billion yen as a surge in fuel prices increased costs. The shares extended Friday's 0.9 percent drop after the company made the earnings report at 11 a.m.

Kobayashi Yoko Co. (8742) shares surged 37 yen, or 13 percent, to 314. The commodity futures trader will buy back as much as 5.12 percent of its outstanding shares.

Mitsubishi Electric Corp. (6503) rose 36 yen, or 3.4 percent, to 1,102. Japan's third-largest maker of home air conditioners will raise prices of the products 10 percent this year to pass on higher steel and other raw materials costs, the Nikkei newspaper said. Matsushita Electric Industrial Co. (6752) and Daikin Industries Ltd. (6367) may also boost prices. Matsushita fell 30 yen, or 1.4 percent, to 2,185. Daikin dropped 30 yen, or 0.6 percent, to 4,910.

Miyazaki Bank Ltd. (8393) plunged 53 yen, or 12 percent, to 392, falling the most since April 1990. The regional bank cut its full-year net income outlook 84 percent to 800 million yen, citing additional reserves for bad loans due to an increase in bankrupt accounts.

Mixi Inc. (2121) climbed 44,000 yen, or 5.7 percent, to 819,000. The Web site operator was raised to ``buy'' from ``hold'' by Yuichi Sato, an analyst at Mizuho Securities Co.

NGK Insulators Ltd. (5333) declined 133 yen, or 7.1 percent, to 1,749. The maker of electrical insulators will cut domestic production of emission filters for diesel engines by as much as 50 percent as sales of large vehicles are falling in North America, the Nikkei newspaper reported.

Nippon Carbon Co. (5302) advanced 25 yen, or 4.2 percent, to 616, the highest since Nov. 9. The maker of artificial graphite electrodes lifted its full-year net income forecast 17 percent to 3.4 billion yen, citing output efficiency and cost cuts.

Nippon Meat Packers Inc. (2282) rose 52 yen, or 3.2 percent, to 1,670, the lowest since August 1999. The meat processor will begin fish farming to counter a worldwide shortage of marine produce, the Nikkei newspaper reported.

Nippon Metal Industry Co. (5479 JT) fell 7 yen, or 2.3 percent, to 293. The stainless steelmaker said it had first-quarter net loss of 965 million yen, compared with a 3.55 billion yen profit a year earlier, with a 22 percent drop in sales.

Nissin Electric Co. (6641) rallied 44 yen, or 9.1 percent, to 530. The substation equipment maker's net income more than tripled to 1.1 billion yen from 309 million yen a year earlier, with a 17 percent gain in sales.

Nomura Research Institute Ltd. (4307) slumped 110 yen, or 4.3 percent, to 2,430. The information-technology provider said first-quarter net income fell 25 percent to 6.05 billion yen, citing increased depreciation expense and a smaller one-time gain.

Pasona Group Inc. (2168) rallied by the daily limit of 5,000 yen, or 8.1 percent, to 66,600, the largest gain since listing on Dec. 3. The temporary staffing company said it will buy back as much as 11.99 percent of its outstanding shares through Oct. 31. The company separately said it will retire 17,500 shares, or 4.03 percent of its total, on Aug. 29.

Ricoh Co. (7752) rose 49 yen, or 2.9 percent, to 1,759. Japan's second-biggest office equipment maker lifted its first-half pretax profit outlook 2.4 percent to 72 billion yen.

Shibaura Mechatronics Co. (6590) plunged 87 yen, or 17 percent, to 415, its steepest decline since at least September 1974. The machinery maker slashed its full-year net income forecast 76 percent to 600 million yen and its sales forecast 13 percent to 72 billion yen.

Showa Shell Sekiyu K.K. (5002) added 42 yen, or 3.6 percent, to 1,219. The Japanese unit of Royal Dutch Shell Plc said in a preliminary earnings statement first-half net income unexpectedly rose to 39 billion yen, almost double its forecast, due to a larger-than-expected gain in the value of inventory assets as oil prices surged. It had forecast 20 billion yen in profit and earned 20.9 billion yen a year ago.

Tokyo Steel Manufacturing Co. (5423) tumbled 80 yen, or 6.4 percent, to 1,165. Japan's biggest maker of steel girders posted a 94 percent drop in net income to 328 million yen and lowered its forecast for annual earnings as raw material costs rose faster than product prices.

Yahoo Japan Corp. (4689) advanced 1,700 yen, or 4.3 percent, to 41,700. The operator of Japan's most visited Internet portal said first-quarter net income rose to 19.2 billion yen from 16.2 billion yen a year earlier on a 16 percent gain in sales. Also, the company will retire 2.01 percent of its total shares on Aug. 8. Yahoo Japan was raised to ``buy'' from ``hold'' by Hiroshi Kamide, a Tokyo-based analyst at KBC Securities.

Yokohama Rubber Co. (5101) rose 13 yen, or 2.5 percent, to 532. Japan's second-biggest tiremaker will start production in Russia and Brazil as it expects vehicle sales to continue to rise there, the Nikkei newspaper reported on July 27.

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

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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