Japan Stocks: All Nippon, Mitsubishi Electric, Mitsui O.S.K.

Japan’s Nikkei 225 Stock Average (NKY) rose 272.58, or 2.7 percent, to 10,306.83 at 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.

Dubai project: Work has begun again on the construction of Dubai’s Metro rail system after a settlement was reached with a Japanese-led group over disputed payments of about $2 billion to $3 billion, the Financial Times reported, citing two people familiar with the situation. Kajima Corp. (1812) jumped 7 percent to 214 yen. Obayashi Corp. (1802) climbed 5.2 percent to 343 yen. Mitsubishi Heavy Industries Ltd. (7011) advanced 2.8 percent to 326 yen. Mitsubishi Corp. (8058) rose 3.4 percent to 2,279 yen.

All Nippon Airways Co. (9202 JT) rose 2.3 percent to 271 yen. The carrier plans to introduce in 2012 regular flights between Haneda airport in Tokyo and the U.S. military’s Iwakuni airfield in Yamaguchi Prefecture, Nikkei English News reported.

Fuji Fire & Marine Insurance Co. (8763 JT) dropped 2 percent to 96 yen. The casualty insurer will shut its operations outside of Japan as early as fiscal 2010, Nikkei English News reported.

Horiba Ltd. (6856) rose 2.7 percent to 2,270 yen. The world’s largest maker of devices that measure automobile emissions aims to increase sales to more than 150 billion yen in five years as investment by Japanese manufacturers recovers, according to President Atsushi Horiba.

Japan Communications Inc. (9424) surged 19 percent to 9,300 yen. The telecommunications services provider said its subscriber identity module will be offered for Motorola Inc.’s (MOT US) mobile devices.

Mitsubishi Electric Corp. (6503) increased 3.1 percent to 769 yen. The maker of electrical equipment plans to promote Kenichiro Yamanishi, who heads the company’s semiconductor and device business, to president from April 1, Nikkei English News reported.

Mitsui & Co. (8031 JT) advanced 4.9 percent to 1,403 yen. Japan’s second-largest trading company by market value signed a $1.4 billion deal to buy a stake in the Marcellus Shale natural gas project in the U.S. from operator Anadarko Petroleum Corp.

Mitsui O.S.K. Lines Ltd. (9104 JT) climbed 5 percent to 584 yen. The shipping line was raised to “strong outperform” from “outperform” by Ryota Himeno, an analyst at Mitsubishi UFJ Financial Group Inc.

Nippon Commercial Investment Corp. (3229 JT) plunged 16 percent to 106,400 yen, the steepest slide since Feb. 24, 2009. The real estate investment trust slashed its half-year net income forecast 76 percent to 408 million yen on a parent basis.

Pacific Metals Co. (5541 JT) leapt 8 percent to 660 yen. The stainless-steel maker had its rating lifted to “outperform” from “underperform” by Polina Diyachkina, an analyst at Macquarie Group Ltd.

Secured Capital Japan Co. (2392 JT) plunged 8.6 percent to 82,300 yen. The asset management company booked 1.1 billion yen in full-year net income, falling short of its forecast for a profit of 1.25 billion yen.

Sumitomo Metal Industries Ltd. (5405 JT) jumped 5.5 percent to 250 yen. The steel producer was rated “buy” in new coverage by Jeremie Capron, an analyst at CLSA Asia Pacific Markets.

Taiyo Yuden Co. (6976 JT) soared 7.2 percent to 1,265 yen. Credit Suisse Group analyst Masashi Itaya maintained his rating on the electronic component maker at “outperform” with a 12-month share price estimate at 1,540 yen.

Taka-Q Co. (8166 JT) leapt 21 percent to 189 yen, the biggest gain since June 2008. The apparel company increased its full-year net income forecast to 300 million yen from 200 million yen on a parent basis. It also raised the planned yearend dividend to 3 yen from 2 yen.

Toa Oil Co. (5008 JT) tumbled 5.5 percent to 86 yen, the lowest close since January 2009. The consignment-based oil refiner reported a 45 percent decline in full-year net income to 281 million yen, falling short of its forecast for profit of 880 million yen.

Toabo Corp. (3204) lost 3 percent to 65 yen. The maker of woolen yarns and fabrics posted a net loss of 288 million yen for the year ended Dec. 31, compared with a 353 million yen profit a year earlier. The company also said it decided not to pay a yearend dividend. It had earlier said it may pay as much as 2 yen.

Toray Industries Inc. (3402) rose 3 percent to 486 yen. The maker of synthetic fibers will spend about 10 billion yen to increase output capacity of films for liquid crystal displays, it said on its Web site.

Toshiba Corp. (6502) jumped 6.3 percent to 454 yen. Japan’s biggest atomic plant builder rose after the U.S. announced it had conditionally committed $8.33 billion to Southern Co. and its partners to build a power plant using the Japanese company’s reactors.

Nuclear reactor related companies also rose. Japan Steel Works Ltd. (5631 JT) rose 6 percent to 1,077 yen. Kimura Chemical Plants Co. (6378 JT) surged 8.3 percent to 866 yen. Okano Valve Manufacturing Co. (6492) gained 2.1 percent to 835 yen.

To contact the reporters on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net; Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net.

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

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