Doutor, GS Yuasa, Kobe Steel, TDK, Tokyo Style, Toshiba: Japanese Stocks

Japan’s Nikkei 225 Stock Average rose 68.89, or 0.6 percent, to 11,273.79 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.

Shippers: The Baltic Dry Index, a measure of shipping costs for commodities, rose 1.3 percent yesterday, the biggest gain since March 15. Mitsui O.S.K. Lines Ltd. (9104 JT), operator of the world’s largest merchant fleet, jumped 5.1 percent to 699 yen, the highest since June 12. Kawasaki Kisen Kaisha Ltd. (9107 JT) leapt 4.1 percent to 384 yen. Nippon Yusen K.K. (9101 JT) advanced 2.7 percent to 384 yen.

Aeon Delight Co. (9787 JT) surged 17 percent to 1,682 yen, its biggest gain since April 2006. The building-maintenance company reported a 12 percent increase in net income for the year ended Feb. 28 to 5.47 billion yen ($58.6 million). The company projected profit will rise 18 percent this fiscal year.

CSK Holdings Corp. (9737 JT) increased 3.7 percent to 454 yen. Iwai Securities Co. (8707 JT) said it will buy Cosmo Securities from CSK, a computer services provider, for 17 billion yen.

Daiseki Co. (9793 JT) rose 5.1 percent to 2,014 yen. The waste disposal service company’s net income for this fiscal year was projected to increase 24 percent to 3.15 billion yen.

Doutor Nichires Holdings Co. (3087 JT) climbed 4.7 percent to 1,347 yen, 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.

Fukuoka Financial Group Inc. (8354 JT) extended yesterday’s 1 percent gain, rising 5 percent to 423 yen, the highest close since Aug. 14, after the banking services company was rated “overweight” in new coverage by Graeme Knowd, an analyst at Morgan Stanley.

GS Yuasa Corp. (6674 JT) climbed 3.3 percent to 691 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.

Hino Motors Ltd. (7205 JT) leapt 5.2 percent to 407 yen, its highest since Aug. 26. The truckmaker may post an operating profit of 1 billion yen for the fiscal year that ended March 31, Nikkei Quick News reported. Sales were better than expected in Asia, according to the report, which didn’t cite anyone. The company had forecast a 9 billion yen operating loss for the period.

Kawasaki Heavy Industries Ltd. (7012 JT) rose 3.5 percent to 267 yen, Mitsubishi Heavy Industries Ltd. (7011 JT) climbed 2.1 percent to 392 yen, Mitsubishi Corp. (8058 JT) increased 0.3 percent to 2,472 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) rose 6.7 percent to 223 yen, a level not seen since September 2008. Overseas sales of Japan’s fourth-largest mill 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.

Ninety-nine Plus Inc. (3338 JQ) lost 2.1 percent to 131,700 yen while Lawson Entermedia Inc. (2416 JQ) rose 3.2 percent to 84,000 yen. Lawson Inc. (2651 JT), a convenience-store operator, said it will make the companies wholly owned subsidiaries. Lawson will pay 33 shares for each Ninety-nine share and 21 shares for each Lawson Entermedia share. Lawson dropped 1.5 percent to 4,065 yen.

Satori Electric Co. (7420 JT) gained 2.8 percent to 773 yen, 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.

Shinsei Bank Ltd. (8303 JT) jumped 8.9 percent to 135 yen, its highest since Sept. 30 on speculation the lender will post a profit of 30.8 billion yen this fiscal year after Chief Executive Officer Masamoto Yashiro cleans up the balance sheet, according to the average estimate of five analysts surveyed by Bloomberg. The bank will post a full-year loss of about 130 billion yen and scrap a planned merger with Aozora Bank Ltd. (8304 JT), a person with knowledge of the matter said. Aozora gained 2.9 percent to 141 yen.

TDK Corp. (6762 JT) rose 2.9 percent to 6,420 yen. Mizuho Securities Co. analyst Eisaku Ohmori raised the 12-month share price estimate on the company to 7,400 yen from 7,000 yen. It kept its “outperform” rating unchanged.

Tokyo Style Co. (8112 JT) surged 13 percent to 793 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 3 percent to 513 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.

Tsukui Corp. (2398 JQ) declined 2.5 percent to 517 yen. The nursing-care provider will sell new shares for 503 yen each to the public to raise as much as 1.078 billion yen, according to a filing with Japan’s Finance Ministry.

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

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