Japan Stocks: All Nippon, Canon, Mitsui Mining, Seven & I, Yokohama Rubber

Japan’s Nikkei 225 Stock Average rose 36.14, or 0.3 percent, to 11,204.34 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 Mall Co. (8905 JT) slipped 1.9 percent to 1,891 yen. The shopping mall operator was cut to “market perform” from “outperform” by Kouki Ozawa, an analyst at Mitsubishi UFJ Financial Group Inc.

All Nippon Airways Co. (9202 JT) gained 5.2 percent to 284 yen. The carrier had its stock price estimate raised to 350 yen from 300 yen by Naoko Matsumoto, an analyst at Citigroup Global Markets Japan Inc., who maintained a “buy” rating.

Bic Camera Inc. (3048 JT) jumped 6.7 percent to 34,450 yen, the biggest increase since July 2009. The consumer electronics store raised its full-year profit forecast to 5.2 billion yen ($55.5 million) from 1.6 billion yen.

Canon Inc. (7751 JT) dropped 2.8 percent to 4,250 yen. The world’s largest camera maker was cut to “neutral” from “buy” by Toshiya Hari, a Tokyo-based analyst at Goldman Sachs Group Inc.

Fast Retailing Co. (9983 JT) rose 3.1 percent to 15,470 yen. Japan’s largest clothing retailer raised its full-year net income forecast 5.2 percent to 71 billion yen on better-than- expected sales of its thermal underwear in the first half. The company increased its planned dividend to 230 yen from 200 yen. President Tadashi Yanai said it may list shares overseas.

Hisamitsu Pharmaceutical Co. (4530 JT) advanced 3 percent to 3,655 yen, the highest since August 2009. The drugmaker forecast a 9.6 percent increase in net income to 20.2 billion yen for this current year.

JFE Holdings Inc. (5411 JT) rose 2.3 percent to 3,795 yen. Japan’s second-largest steelmaker was boosted to “outperform” from “neutral” by Norihide Tsuji, an analyst at Mizuho Securities Co.

Lintec Corp. (7966 JT) climbed 2.2 percent to 1,831 yen. The adhesive products maker’s full-year net income may have doubled to about 7 billion yen, beating its projection by about 500 million yen, Nikkei English News said.

Mitsui Mining & Smelting Co. (5706 JT) dropped 2.2 percent to 272 yen. Japan’s biggest refined zinc producer was cut to “underperform” from “neutral” by Shinya Yamada, a Tokyo- based analyst at Credit Suisse Group.

Net One Systems Co. (7518 JT) surged 11 percent to 128,200 yen, the largest increase since October 2008. The communications-network designer’s full-year net income totaled 2.5 billion yen, 19 percent more than forecast, according to a preliminary earnings statement.

Nichi-iko Pharmaceutical Co. (4541 JO) rose 2.3 percent to 2,953 yen. The prescription drugmaker was rated “overweight” in new coverage by Masayuki Onozuka, a Tokyo-based analyst at JPMorgan Chase & Co.

Poplar Co. (7601 JT) soared 13 percent to 621 yen, rising the most since October 2008, after the convenience-store operator said it expects net income to rise to 165 million yen for this fiscal year. The company earned a 150 million yen profit a year earlier.

Seven & I Holdings Co. (3382 JT) leapt 6.1 percent to 2,456 yen, the highest since February 2009. Japan’s largest retailer said net income may rise to 100 billion yen in the year ending February 2011 from 44.9 billion yen a year earlier. Separately, the company said it will buy back as much as 2.2 percent of its outstanding shares.

Sugi Holdings Co. (7649 JT) slipped 3.2 percent to 2,240 yen. The drugstore chain said full-year net income totaled 5.18 billion yen, 18 percent less than forecast, in a preliminary earnings statement.

Takihyo Co. (9982 JT) rallied 3.2 percent to 491 yen after the apparel trader said it expects net income for this fiscal year to rise to 1 billion yen from a 573 million yen profit a year earlier. The company also said it will retire 2.04 percent of its outstanding shares on April 30.

Uny Co. (8270 JT) gained 3.6 percent to 858 yen, the highest since June 2009. The department store chain said it expects net income of 2.5 billion yen for this fiscal year, compared with a 5 billion yen loss in the year ended Feb. 20.

Wood Friends Co. (8886 JQ) rallied 6.8 percent to 207,000 yen, the highest since November 2007. The developer of made-to- order houses will buy back as much as 1.4 percent of its total shares. Also, the company said nine-month net income more than tripled to 281 million yen, with a 67 percent surge in sales.

Yokohama Rubber Co. (5101 JT) fell 3.4 percent to 424 yen. Japan’s third-largest tiremaker was rated “underperform” in new coverage by Koichi Sugimoto, a Tokyo-based analyst at Merrill Lynch & Co., the securities firm bought by Bank of America Corp.

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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