Aeon Credit, Asics, Blue Grass, Izumiya, Shimano, Yoshinoya: Equity Movers

Japan’s Nikkei 225 Stock Average rose 10.51, or 0.1 percent, to 11,292.83 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.

Aeon Credit Service Co. (8570 JT) sank 6.1 percent to 1,082 yen, the biggest drop since July 8. The credit-card company said operating profit in the year ended Feb. 20 fell 23 percent to 20.6 billion yen ($220 million) on lower sales. The company expects operating profit to rise 12 percent to 23 billion yen this fiscal year. Aeon Credit was cut to “neutral” from “buy” by UBS AG.

Aeon Mall Co. (8905 JT) slumped 6.8 percent to 1,929 yen. The shopping mall operator said operating profit in the year ended Feb. 20 fell 1.8 percent to 37.2 billion yen. That was 5.8 percent below the company’s estimate. Aeon Mall expects a 7.5 percent gain in operating profit to 40 billion yen this fiscal year.

Asics Corp. (7936 JT) lost 4.1 percent to 932 yen. The sporting goods maker was lowered to “market perform” from “outperform” by Makoto Sakurai, an analyst at Mitsubishi UFJ Financial Group Inc.

Blue Grass Co. (7478 JQ) gained 3.5 percent to 413 yen. Cox Co. (9876 JQ) plunged 11 percent to 259 yen, after jumping as much as 8.3 percent earlier today. Aeon Co. (8267 JT), which operates general merchandise stores in Japan, will merge its Blue Grass and Cox clothing retail units. Under the plan, Cox will pay 1.68 shares for each share in Blue Grass. Aeon made the announcement in a press release. Aeon fell 2.9 percent to 1,060 yen.

CVS Bay Area Inc. (2687 JT) surged 14 percent to 147 yen, the biggest gain since October 2008. The operator of convenience stores in the Tokyo and Chiba area said in a preliminary earnings statement that full-year net income amounted to 235 million yen, 42 percent above its profit forecast.

Dainippon Screen Manufacturing Co. (7735 JT) gained 3.1 percent to 462 yen, the highest since August 2008. The chip- equipment maker may post a 1 billion yen operating profit for the half-year ended March 31, the first profitable half-year result since 2008, Nikkei English News said. The company had previously expected an 800 million yen operating loss, according to the report.

Izumiya Co. (8266 JT) jumped 5.7 percent to 505 yen, the highest since Sept. 29. The supermarket operator expects to return to net income of 800 million yen this fiscal year. In the year ended Feb. 28, the retailer swung to a 7.01 billion yen loss.

Kawaguchi Chemical Industry Co. (4361 JT) soared 9.6 percent to 114 yen, after the rubber chemicals maker said it swung to first-quarter net income of 46 million yen, compared to a 92 million yen loss a year earlier.

Leopalace21 Corp. (8848 JT) tumbled 8.4 percent to 489 yen. The real estate company’s March orders for new apartment construction fell to 5.5 billion yen from 20.6 billion yen a year earlier. The construction figures are preliminary, Leopalace21 said in a statement on its Web site.

Olympic Corp. (8289 JT) declined 4.9 percent to 617 yen. The supermarket operator’s full-year net income was 110 million yen, falling short of its forecast by 78 percent, according to a preliminary earnings statement.

Parco Co. (8251 JT) slumped 2.8 percent to 805 yen, after the shopping center operator said full-year operating profit fell 8.1 percent to 8.6 billion yen on a 7.6 percent drop in sales.

Shimano Inc. (7309 JO) rose 2.2 percent to 4,280 yen, the highest since September 2008. The maker of bicycle equipment and fishing gear said it will spend as much as 4 billion yen to repurchase up to 1.1 percent of its outstanding shares through April 26.

Start Today Co. (3092 JT) gained 3.4 percent to 183,000 yen. The operator of Internet shopping sites for apparel said its March sales more than doubled to 3.96 billion yen from 1.82 billion yen a year earlier.

Sumitomo Chemical Co. (4005 JT) rallied 5.5 percent to 480 yen, the highest since Aug. 14. The producer of agrochemicals and fertilizers was lifted to “strong outperform” from “outperform” by Shuichi Nakahara, an analyst at Mitsubishi UFJ Financial Group Inc.

     THK Co. (6481 JT) rose 2.1 percent to 2,075 yen. The industrial machinery maker was boosted to “overweight” from “neutral” by Hirotaka Wada, a Tokyo-based analyst at JPMorgan Chase & Co.

Yoshinoya Holdings Co. (9861 JT) lost 3.5 percent to 96,700 yen, the biggest fall since December 2008. The restaurant chain that serves bowls of rice with stewed beef said in a preliminary earnings statement that its full-year net loss was 8.94 billion yen, wider than its 1.3 billion yen loss outlook. It cited charges from depreciating unprofitable stores and a goodwill charge related to its Don Co. (8216 JO) unit, which operates a steak restaurant chain. Don gained 5.5 percent to 77 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at

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