Dentsu, Izumi, Onward, Sugi, Takashimaya, Best Denki: Japan Equity Preview

Japan’s Nikkei 225 Stock Average rose 47.56, or 0.4 percent, to 11,251.90 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.

Capcom Co. (9697 JT) climbed 3.8 percent to 1,840 yen, the highest close since Sept. 24. The publisher of the “Monster Hunter” video-game series was raised to “outperform” from “neutral” by Yusaku Otsubo, an analyst at Credit Suisse Group.

DIC Corp. (4631 JT) leapt 3.7 percent to 222 yen, the highest close since September 2008. The chemical company’s group operating profit may have increased 6 percent to almost 27 billion yen ($289 million) last fiscal year, about 1 billion yen higher than forecast, Nikkei English News reported.

Dentsu Inc. (4324 JT) rose 4.2 percent to 2,708 yen, its highest close since January 2008. Japan’s largest advertising company’s full-year net income was 27.5 billion yen, 12 percent more than it forecast, according to a preliminary earnings statement.

Furuno Electric Co. (6814 JO) leapt 8.9 percent to 488 yen, the steepest gain since November 2008. The maker of marine equipment’s full-year net loss was 3.2 billion yen, compared with its 3.6 billion yen loss forecast, according to a preliminary earnings statement.

Internet Initiative Japan Inc. (3774 JT) surged 11 percent to 223,700 yen, the sharpest increase since Aug. 26. The Internet connection services provider had its 12-month share price estimate boosted to 300,000 yen from 186,000 by Hironobu Sawake, an analyst at JPMorgan Chase & Co.

Itochu Corp. (8001 JT) advanced 4.4 percent to 884 yen, the highest close since August 2008. The trading house had its 12- month share price estimate increased to 1,050 yen from 900 yen by Tomokazu Soejima, an analyst at Morgan Stanley.

Izumi Co. (8273 JT) jumped 10 percent to 1,440 yen, rising the most since November 2008. The shopping-center operator expects an 11 percent increase in net income to 9.7 billion yen for the current fiscal year. Profit for the previous fiscal year fell 31 percent to 8.75 billion yen. Also, the company will retire 11.37 percent of its outstanding shares on May 31.

JS Group Corp. (5938 JT) gained 2.4 percent to 1,933 yen, rising to the highest level since October 2007. Morgan Stanley analyst Hiroko Kubota raised her rating on the maker of doors and windows to “overweight” from “equalweight.”

Kabu.com Securities Co. (8703 JT) declined 3.8 percent to 476 yen. The online brokerage had its rating reduced to “neutral” from “outperform” by Azuma Ohno, an analyst at Credit Suisse Group.

Kasumi Co. (8196 JT) gained 3.9 percent to 486 yen, the steepest increase since October 2008. The supermarket chain said net income for the year ended Feb. 28 jumped 62 percent to 2.76 billion yen, beating its forecast by 10 percent.

Mitsui & Co. (8031 JT) rallied 2.4 percent to 1,650 yen, its highest close since September 2008. The trading company will form a joint venture with China’s New Hope Group Co. to buy and sell ingredients for animal feed in China, Nikkei English News reported.

Net One Systems Co. (7518 JT) advanced 2.3 percent to 131,100 yen, the highest close since Oct. 5. The communications- network designer had its rating increased to “neutral” from “underperform” by Tetsuya Nakamura, analyst at Daiwa Securities Group Inc.

Sumitomo Rubber Industries Ltd. (5110 JT) slumped 2.6 percent to 796 yen. Japan’s second-largest tiremaker by market value had its rating lowered to “sell” from “neutral” by Yuichiro Isayama, an analyst at Goldman Sachs Group Inc.

Takashimaya Co. (8233 JT) gained 3.9 percent to 852 yen, its highest close since October 2008. The department-store chain expects a 3.8 percent increase in net income to 8 billion yen for the current fiscal year. The stock was raised to “neutral” from “underweight” by Kumio Tomonaga, an analyst at JPMorgan Chase & Co.

Usen Corp. (4842 JX) soared 25 percent to 84 yen, gaining the most since April 2009. The cable broadcaster and Internet- service provider booked a profit of 54 million yen for the six months ended Feb. 28, compared with its forecast of a loss of 700 million yen.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net. Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.