Japan’s Nikkei 225 Stock Average (NKY) rose 93.93, or 0.9 percent, to 10,177.41 as of the close in Tokyo. The following were among the most active shares in the Japanese market. Stock symbols are in parentheses after company names.
Banks: Mizuho Financial Group Inc. (8411 JT) led bank shares to jump after the Nikkei newspaper reported the Basel Committee on Banking Supervision has agreed to give major banks a transition period of at least 10 years to meet new capital adequacy rules. Also, Deutsche Bank AG lifted its rating on the bank sector to “market weight” from “underweight” today.
Mizuho surged 15 percent to 182 yen, the biggest gain since November 2008. Sumitomo Mitsui Financial Group Inc. (8316) soared 14 percent, to 3,030 yen, the sharpest rise since October 2008. Mitsubishi UFJ Financial Group Inc. (8306) gained 4.9 percent to 470 yen. Aozora Bank Ltd. (8304) rallied 14 percent to 112 yen. Shinsei Bank Ltd. (8303) jumped 13 percent to 118 yen. Mizuho Trust & Banking Co. (8404 JT) climbed 8.5 percent to 89 yen. Chuo Mitsui Trust Holdings Inc. (8309 JT) leapt 7.7 percent to 320 yen.
Game makers: Capcom Co. (9697) gained 4 percent to 1,425 yen, Namco Bandai Holdings Inc. (7832) rallied 3.7 percent to 895 yen. Konami Corp. (9766) rose 2.2 percent to 1,536 yen and Sega Sammy Holdings Inc. (6460) added 0.7 percent to 1,139 yen. The four video game developers were rated “buy” in new coverage by Jay Defibaugh, a Tokyo-based analyst at MF Global Ltd.
Titanium producers: Osaka Titanium Co. (5726) and Toho Titanium Co. (5727) , which produce sponge titanium used in aircraft, slumped after three days of gains. Boeing Co.’s 787 Dreamliner took off on its maiden flight today. Osaka Titanium tumbled 6.6 percent to 2,640 yen. Toho Titanium declined 3.2 percent to 1,372 yen.
Chintai Corp. (2420 JX) added 2.8 percent to 29,200 yen. The property information magazines publisher said it expects net income to rally to 1.98 billion yen this fiscal year from 540 million yen a year earlier just ended, as sales may rise by 5.5 percent. Profit in the year ended Oct. 31 fell by nearly half.
Cybozu Inc. (4776) lost 5.2 percent to 37,450 yen. The Internet-software developer’s net income for the nine months ended Oct. 31 fell to 135 million yen ($1.5 million) from 235 million yen a year earlier.
H.I.S. Co. (9603) rallied 6.3 percent to 1,750 yen after the travel agency said full-year net income advanced 36 percent to 3.37 billion yen, and expects a 22 percent rise in the profit this fiscal year as sales may grow by 12 percent.
Intellex Co. (8940 JT) was untraded, bid at 68,000 yen and poised to gain by its daily limit from yesterday’s close of 63,000. The real estate company boosted its full-year net income outlook 40 percent to 1.04 billion yen and sales estimate 21 percent to 28.1 billion yen.
Japan Airlines Corp. (9205 JT) gained 3 percent to 103 yen. Asia’s largest airline by sales said it may win approval from retirees for a cut in pensions.
NEC Electronics Corp. (6723 JT) rallied 11 percent to 644 yen. Japan’s fourth-largest chipmaker said it will swap 20.5 of its shares for each Renesas Technology Corp. (RENEZ JP) share in a deal that will see the two chipmakers merge in April.
Nippon Express Co. (9062) dropped 2.5 percent to 383 yen. The freight company was cut to “underperform” from “neutral” by Yasuhito Tsuchiya, a Tokyo-based analyst at Merrill Lynch & Co., the securities firm bought by Bank of America Corp.
Noritz Corp. (5943) advanced 4.7 percent to 1,156 yen. The maker of gas-fired water heaters raised its full-year net income outlook by 60 percent to 800 million yen.
Park24 Co. (4666 JT) added 2.4 percent to 1,003 yen. The parking-lot operator’s full-year net income rose 22 percent to 5.76 billion yen from a year earlier.
Saint-Care Corp. (2374 JQ) gained 4.7 percent to 40,400 yen. The dispatch-base nursing care services company nearly doubled its full-year net income forecast to 366 million yen from 188 million yen, citing improved efficient in its nursing service operations.
Secured Capital Japan Co. (2392 JT) soared by its upper daily limit of 10,000 yen, or 10 percent, to 106,300 yen. The asset management company said it agreed to buy the Pacific Century Place Marunouchi office building next to Tokyo Station.
Tokyo Tatemono Co. (8804) climbed 5.7 percent to 332 yen, while Taisei Corp. (1801) rose 2.6 percent to 161 yen. The Development Bank of Japan will arrange a 270 billion yen syndicated loan to developers of Mizuho Financial Group Inc. (8411)’s new headquarters in Tokyo, the Nikkei newspaper said. A total of 26 lenders will provide the loan for the building and redevelopment of surrounding properties to a venture established by developers Tokyo Tatemono and Taisei, the report said.
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