Japan Stocks: Advantest, Chugai, Honda, Pasona, Yahoo Japan

Japan's Nikkei 225 Stock Average (NKY) rose 71.07, or 0.5 percent, to 13,405.83 as of the morning close in Tokyo. The following are 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 an oversupply. The company earned 9.95 billion yen a year earlier. Sales dropped 54 percent to 26.5 billion yen.

Capcom Co. (9697) added 90 yen, or 2.8 percent, to 3,260. The video game developer was rated ``buy'' in new coverage by Shunsuke Tsuchiya, a Tokyo-based analyst at UBS AG.

Chiyoda Corp. (6366) rose 31 yen, or 2.8 percent, to 1,160. The plant engineering company and Saipem SpA (SPM)'s engineering unit Snamprogetti SpA won a 277 billion dinar ($4.5 billion) contract to build a liquefied natural gas plant in Algeria, replacing Petrofac Ltd. (PFC) . The plant will produce 4.7 million tons of LNG a year within 48 months, and construction will start ``right away,'' said Abdelhafid Feghouli, vice president at state-owned oil company Sonatrach.

Chugai Pharmaceutical Co. (4519) gained 74 yen, or 4.7 percent, to 1,655 The Japanese drugmaker controlled by Roche Holding AG (RO) rose after U.S. regulators said its arthritis treatment Actemra is effective, and side effects may be eased by lowering the dose.

Hitachi High-Technologies Corp. (8036) plummeted 175 yen, or 7.7 percent, to 2,095. The trading company that handles computers and peripherals cut its full-year net income forecast 18 percent to 22 billion yen and its sales forecast 3.3 percent to 880 billion yen, citing a change in accounting methods.

Honda Motor Co. (7267) slid 130 yen, or 3.5 percent, to 3,630. 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 3,500 yen, 27 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.

Itoham Foods Inc. (2284) gained 18 yen, or 3.3 percent, to 566. Nippon Meat Packers Inc. (2282) rose 32 yen, or 2 percent, to 1,650. The processors of meat products will produce store-brand sausages for retailer Seven & I Holdings Co. (3382) , the Nikkei newspaper said. Seven & I was unchanged at 3,130 yen.

Kagome Co. (2811) dropped 54 yen, or 3.5 percent, to 1,498. 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 39 yen, or 4.1 percent, to 907. 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.

Kikkoman Corp. (2801) gained 38 yen, or 3.1 percent, to 1,262. Japan's biggest maker of soy sauce will set up a venture to make and sell soy sauce, vinegar and other ingredients in China, aiming to enter into the Beijing and Tianjin markets. Kikkoman will take a 90 percent stake in the venture, which will start operation in January with 1,000 workers, with the remaining stake held by a local company, Kikkoman said in a release.

Kobayashi Yoko Co. (8742) shares surged 49 yen, or 18 percent, to 326, its biggest gain since July 2003. The commodity futures trader will buy back as much as 5.12 percent of its outstanding shares.

Kobe Steel Ltd. (5406) added 5 yen, or 1.7 percent, to 300. Sanyo Special Steel Co. (5481) gained 25 yen, or 4.9 percent, to 531. Kobe Steel may introduce a new pricing framework for sales to auto-part suppliers under which a surcharge can be added to reflect higher raw material costs, the Nikkei newspaper reported. Sanyo Special Steel is separately considering linking product prices to the cost of scrap iron, the Nikkei said.

Miyazaki Bank Ltd. (8393) plunged 44 yen, or 9.9 percent, to 401, 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 55,000 yen, or 7.1 percent, to 830,000. The Web site operator was raised to ``buy'' from ``hold'' by Yuichi Sato, an analyst at Mizuho Securities Co.

NGK Insulators Ltd. (5333) declined 111 yen, or 5.9 percent, to 1,771. 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 29 yen, or 4.9 percent, to 620, the highest since Nov. 7. 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.

Nomura Research Institute Ltd. (4307) slumped 140 yen, or 5.5 percent, to 2,400. 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.

Nissin Electric Co. (6641) rallied 33 yen, or 6.8 percent, to 519. 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.

Pasona Group Inc. (2168) was untraded, bid at 66,600 yen and poised to gain by its upper limit of 5,000 yen from the last close of 61,600. 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.

Shibaura Mechatronics Co. (6590) plunged by its daily limit of 100 yen, or 20 percent, to 402, 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 32 yen, or 2.7 percent, to 1,209. 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 outlook, due to a greater-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 70 yen, or 5.6 percent, to 1,175. 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 1,650 yen, or 4.1 percent, to 41,650. 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) increased 19 yen, or 3.7 percent, to 538. Japan's second-biggest tiremaker will start production in Russia and Brazil in expectation vehicle sales will continue rising, the Nikkei newspaper reported on July 27.

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

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

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