Japan Stocks: Advantest, Fuji Heavy, Kinki Nippon, Kubota, NTT

Japan’s Nikkei 225 Stock Average (NKY) rose 192.66, or 2.7 percent, to 7,461.22 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.

Automakers: Carmakers advanced after the yen weakened for a third day, boosting the value of overseas vehicle sales. The yen touched 97.30, the weakest since Nov. 25. Honda Motor Co. (7267) jumped 8.1 percent to 2,395 yen. Nissan Motor Co. (7201) climbed 9.1 percent to 300 yen. Toyota Motor Corp. (7203) added 4.2 percent to 3,220 yen. Suzuki Motor Corp. (7269) advanced 4.2 percent to 1,581 yen. Mazda Motor Corp. (7261) rose 4.9 percent to 128 yen. Fuji Heavy Industries Ltd. (7270) soared 13 percent to 345 yen.

Precious-metal makers: Gold futures for April delivery yesterday fell $25.50, or 2.6 percent, to $969.50 an ounce on the New York Mercantile Exchange’s Comex division, the biggest decline for a most-active contract since Jan. 12. Sumitomo Metal Mining Co. (5713) slid 4 percent to 1,018 yen. Asahi Pretec Co. (5855 JT) tumbled 8.2 percent to 1,193 yen. Matsuda Sangyo Co. (7456) fell 2.1 percent to 1,120 yen.

Solar power-related companies: The Japanese government plans to compel electricity producers to buy surplus solar power generated at households and factories and pay twice the regular rate for it as a way to increase incentives for installing solar panels. Sharp Corp. (6753) jumped 8 percent to 771 yen. Ulvac Inc. (6728) surged 9.6 percent to 1,518 yen. Panasonic Corp. (6752) gained 7.6 percent to 1,153 yen.

Advantest Corp. (6857) gained 5.4 percent to 1,426 yen. The world’s biggest maker of memory-chip testers was raised to “overweight” from “underweight” by Hisashi Moriyama, an analyst at JPMorgan Chase & Co.

Aisan Industry Co. (7283 JT) advanced 4.7 percent to 402 yen. The maker of automobile fuel-injunction system parts was raised to “hold” from “sell” by Arifumi Yoshida, an analyst at Nikko Citigroup Ltd.

Aisin Seiki Co. (7259 JT) climbed 7.9 percent to 1,647 yen. The vehicle-parts maker’s rating was lifted to “hold” from “sell” by Nikko Citigroup Ltd. analyst Arifumi Yoshida.

Bit-isle Inc. (3811) soared 11 percent to 82,700 yen. The Internet data center operator reported first-half net income of 255 million yen ($2.71 million), higher than its forecast of 136 million yen. The company said a later-than-planned opening of a data center led to lower depreciation and personnel charges. Sales during the period were 3.72 billion yen, 10 percent less than the company had expected.

Biwako Bank Ltd. (8552 JO) gained 7.8 percent to 111 yen. Kansai Urban Banking Corp. (8545) rose 3.7 percent to 140 yen. The regional banks are in talks to merge, Nikkei English News reported.

Kinki Nippon Tourist Co. (9726) rallied 10 percent to 88 yen. The travel agency forecast 100 million yen in full-year net income after a 3.74 billion yen loss in the year ended Dec. 31.

Kubota Corp. (6326) jumped 9.1 percent to 494 yen. Merrill Lynch & Co. analyst Hideyuki Mizuno raised his rating on the machinery maker to “buy” from “underperform.”

Other construction-equipment makers also rose. Hitachi Construction Machinery Co. (6305) soared 10 percent to 1,095 yen. Komatsu Ltd. (6301) gained 6.6 percent to 1,037 yen. Kawasaki Heavy Industries Ltd. (7012) advanced 9.3 percent to 165 yen.

Mitsui Mining & Smelting Co. (5706 JT) slipped 4.9 percent to 137 yen. The non-ferrous metal producer’s 12-month price estimate was reduced to 150 yen from 170 yen by Nikko Citigroup Ltd. analyst Toshiyuki Johno.

Nippon Denko Co. (5563) plummeted 21 percent to 294 yen, its sharpest slide since at least September 1974. The maker of metals and industrial chemicals said full-year net income will tumble 95 percent to 650 million yen in the year ending Dec. 31. Profit in the year just ended totaled 13.7 billion, falling short of its forecast by 16 percent. The company reduced its yearend dividend to 12.5 yen from 15 yen.

Nippon Telegraph & Telephone Corp. (9432) fell 2.6 percent to 4,090 yen. Japan’s largest fixed-line phone company’s 12-month share price estimates were reduced to 5,250 yen from 5,330 yen by Deutsche Bank AG analyst Kenji Nishimura and to 5,500 yen from 5,760 yen by Goldman Sachs Group Inc. analyst Ikuo Matsuhashi.

Nisshin Seifun Group Inc. (2002) dropped 3.4 percent to 947 yen. Credit Suisse Group AG analyst Yoshiyasu Okihira lowered his rating on the flour maker to “underperform” from “neutral.”

Sato Foods Industries Co. (2814) plunged by its daily limit of 15 percent to 1,648 yen. The maker of seasonings and alcoholic beverages said a tender offer for its stock may fall through after parent company SFCG Co. (8597 JT) filed for protection from creditors. Sato Foods said it had agreed to allow bidders to withdraw their tender offer if the lender sought court-led rehabilitation. SFCG was set to tumble 52 percent from the last close of 892 yen, with the latest offer at 432 yen.

Sekisui Chemical Co. (4204 JT) sank 4 percent to 410 yen. The chemical maker was cut to “hold” from “buy” by Takeshi Fujita, an analyst at Deutsche Bank AG.

Sumida Corp. (6817) gained 5.1 percent to 412 yen. The coil maker expects full-year net income of 700 million yen from a net loss of 5.74 billion yen in the year ended Dec. 31.

Suruga Bank Ltd. (8358) soared by its daily limit of 16 percent to 728 yen, rising the most since January 2000. The regional bank said it will spend as much as 6 billion yen to buy back up to 3.22 percent of its outstanding shares from Feb. 25 through May 29.

Tokai Rika Co. (6995 JT) climbed 10 percent to 780 yen. The maker of electronic parts for cars was raised to “hold” from “sell” by Arifumi Yoshida, an analyst at Nikko Citigroup Ltd.

Xebio Co. (8281 JT) advanced 5.1 percent to 1,470 yen. The sporting goods retailer was lifted to “buy” from “hold” by KBC Securities analyst Harrison Bates.

Yamato Holdings Co. (9064 JT) rose 3.8 percent to 932 yen. Mizuho Securities Co. analyst Satoru Kunieda lifted his rating on Japan’s biggest parcel delivery company to “buy” from “hold.”

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