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Japanese Stocks: ABC-Mart, Komatsu, Fuji Electronics, JX Holdings, Sparx

Japan’s Nikkei 225 Stock Average fell 124.63, or 1.1 percent, to 11,168.20 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.

Machinery Makers: Makers of industrial equipment declined after the Cabinet Office said Japanese machinery orders, an indicator of business investment in three to six months, fell 5.4 percent in February from January. Amada Co. (6113 JT) declined 2.3 percent to 777 yen. Minebea Co. (6479 JT) dropped 2.6 percent to 561 yen. Okuma Corp. (6103 JT) fell 2.9 percent to 717 yen. Hitachi Construction Machinery Co. (6305 JT) lost 2.4 percent to 2,227 yen. Komatsu Ltd. (6301 JT) slid 2.4 percent to 1,922 yen. Jtekt Corp. (6473 JT) lost 3.5 percent to 1,144 yen.

ABC-Mart Inc. (2670 JT) leapt 10 percent to 3,315 yen, its highest close since December 2008. The shoe retailer said full- year net income jumped 31 percent to 14.5 billion yen ($154 million). The company expects a 4.7 percent increase in profit to 15.2 billion yen this fiscal year on a 12 percent advance in sales.

Fuji Electronics Co. (9883 JT) soared 14 percent to 1,080 yen, its biggest increase since January 2001. The trader of electronic components expects a 64 percent gain in net income to 1.58 billion yen this fiscal year. The company’s profit in the year ended Feb. 28 fell 26 percent to 964 million yen.

Hokuhoku Financial Group Inc. (8377 JT) slipped 3.5 percent to 196 yen. The lender was cut to “underperform” from “buy” by Tatsuya Kubo, a Tokyo-based analyst at Merrill Lynch & Co., the securities firm bought by Bank of America Corp.

JX Holdings Inc. (5020 JT) rose 3.1 percent to 530 yen. The energy company created by the merger of Nippon Oil Corp. and Nippon Mining Holdings Inc. was rated “buy” with a stock price estimate of 620 yen in new coverage by Citigroup Global Markets Japan Inc. Also, Daiwa Securities Capital Markets Co. initiated coverage of JX with “outperform.”

Makino Milling Machine Co. (6135 JT) advanced 3.2 percent to 672 yen, the highest close since June 2008. The machine tools maker was boosted to “buy” from “neutral” by Katsushi Saito, an analyst at Nomura Holdings Inc.

Mazda Motor Corp. (7261 JT) slumped 4.4 percent to 264 yen. The automaker was lowered to “sell” from “hold” by Noriyuki Matsushima, an analyst at Citigroup Global Markets Japan Inc.

Samantha Thavasa Japan Ltd. (7829 JT) surged by its upper daily limit of 15,000 yen, or 19 percent, to 95,900 yen, the highest close since September 2008. The handbag designer’s full- year net income totaled 400 million yen, beating its profit outlook by 72 percent, according to a preliminary earnings statement. Reviewing advertizing and other administration costs contributed to the earnings, the company said.

Sanken Electric Co. (6707 JT) tumbled 8.5 percent to 356 yen, the steepest decline since April 2009. The maker of semiconductors and electronic components was cut to “underperform” from “neutral” by Masashi Itaya, an analyst at Credit Suisse Group AG.

Satori Electric Co. (7420 JT) jumped by its daily limit of 100 yen, or 15 percent, to 758 yen, the highest close since July 2008. The electronic equipment trader boosted its full-year net income projection by 64 percent to 900 million yen. The company said its nine-month current profit, or pretax profit from operations, fell 20 percent to 1.06 billion yen, citing a foreign-exchange charge.

Sparx Group Co. (8739 JQ), Asia’s biggest hedge fund, soared 13 percent to 13,280 yen after saying assets under management increased 14 percent in March.

Suminoe Textile Co. (3501 JT) soared 14 percent to 238 yen, the highest close since February 2008. The interior products maker doubled its full-year net income forecast to 1.2 billion yen.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Anna Kitanaka in Tokyo at akitanaka@bloomberg.net.

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