Aderans, GS Yuasa, Kobe Steel, Lawson, TDK, Tokyo Style: Japanese Stocks

Japan’s Nikkei 225 Stock Average rose 78.58, or 0.7 percent, to 11,283.48 at the 11 a.m. trading break in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Aderans Holdings Co. (8170 JT) jumped 2.7 percent to 1,119 yen. Japan’s biggest wigmaker’s net loss for the year ended Feb. 28 totaled 9.85 billion yen ($105.6 million), narrower than its forecast of an 11.9 billion yen loss, according to a preliminary earnings statement.

Aeon Delight Co. (9787 JT) surged 9.9 percent to 1,579 yen, headed for its biggest gain since April 2009. The building- maintenance company reported a 12 percent increase in net income for the year ended Feb. 28 to 5.47 billion yen. The company projected profit will increase 18 percent this fiscal year.

Daiseki Co. (9793 JT), a waste disposal service company, rose 4.4 percent to 2,000 yen. The company’s profit for this fiscal year was projected to increase 24 percent to 3.15 billion yen.

Doutor Nichires Holdings Co. (3087 JT) rose 3.6 percent to 1,333 yen, headed for its biggest gain since March 2009. The coffee-shop operator’s full-year net income was forecast to increase 27 percent to 5.32 billion yen with an increase in sales.

GS Yuasa Corp. (6674 JT) climbed 2.8 percent to 688 yen. The battery maker said its subsidiary will spend 37.5 billion yen to build a plant in Shiga prefecture, central Japan, to make lithium-ion batteries for electric cars.

Kawasaki Heavy Industries Ltd. (7012 JT) rose 3.5 percent to 267 yen, Mitsubishi Heavy Industries Ltd. (7011 JT) climbed 1.8 percent to 391 yen, Mitsubishi Corp. (8058 JT) increased 0.9 percent to 2,487 yen and Sumitomo Corp. (8053 JT) rose 1.6 percent to 1,146 yen. The companies were promoting Japan’s high- speed railway technology to Vietnam, whose Cabinet approved plans for a $55.9 billion high-speed rail project that will use Japanese technology, Nikkei English News reported, without saying how it obtained the information.

Kobe Steel Ltd. (5406 JT), Japan’s fourth-largest mill, rose 4.3 percent to 218 yen. The company’s overseas sales may account for 50 percent of all revenue by between 2015 and 2020, from about 30 percent for the year ended March 2009, as it expands plants and increases exports to Asia, Chief Executive Officer Hiroshi Sato said.

Lawson Inc. (2651 JT) slipped 1.1 percent to 4,080 yen. The convenience-store operator said it will make Ninety-nine Plus Inc. (3338 JQ) and Lawson Entermedia Inc. (2416 JQ) wholly owned subsidiaries. Lawson will pay 33 shares for each Ninety-nine share and 21 shares for each Lawson Entermedia share. Ninety- nine Plus dropped 1.9 percent to 132,000 yen. Lawson Entermedia gained 3 percent to 83,800 yen.

Ryohin Keikaku Co. (7453 JT) fell 2.2 percent to 4,225 yen. The operator of the Muji retail chain said operating profit for the year ended Feb. 28 declined 18 percent to 14.1 billion yen.

Satori Electric Co. (7420 JT) gained 3.3 percent to 777 yen, headed for its highest close since July 2008. The electronic equipment trader said it will spend as much as 300 million yen to buy back up to 1.7 percent of its outstanding shares through May 24.

Shimizu Corp. (1803 JT) declined 2 percent to 389 yen. The general contractor swung to a net loss of 7.5 billion yen in the year ended March 31 from a profit of 6.29 billion yen a year earlier because of impairment losses on fixed assets and charges on devalued stockholdings, according to a preliminary earnings statement. It had earlier projected a profit of 8 billion yen. The company’s rating was cut to “neutral” from “buy” by Yoshiaki Komatsu, an analyst at Nomura Holdings Inc.

TDK Corp. (6762 JT) rose 3.4 percent to 6,450 yen. Mizuho Securities Co. analyst Eisaku Ohmori raised the target share price on the company to 7,400 yen from 7,000 yen. It kept its “outperform” rating unchanged.

Toho Titanium Co. (5727 JT), Asia’s second-largest titanium producer, sank 1.9 percent to 2,161 yen. The company booked a full-year net loss of 2.7 billion yen, wider than an 800 million yen loss it had projected earlier, according to a preliminary earnings statement. The company cited valuation losses on inventory assets for the result.

Tokyo Style Co. (8112 JT) surged 13 percent to 790 yen, the biggest gain since April 2009. The apparel maker said it had net income of 740 million yen in the year ended Feb. 28 from a loss of 9.39 billion yen a year earlier.

Toshiba Corp. (6502 JT) rose 2.2 percent to 509 yen. Toshiba, Japan’s biggest maker of memory chips, will move forward its release of 3-D televisions to this summer from its previous plan for autumn because its rivals plan to debut the product earlier, Nikkei English News reported.

To contact the reporter on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net; Anna Kitanaka in Tokyo at akitanaka@bloomberg.net

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.