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Japanese Stocks: Dena, Elpida, Kawasaki Kisen, Shima Seiki, Sumitomo Metal

Japan’s Nikkei 225 Stock Average rose 189.37, or 1.7 percent, to 11,090.05 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.

Electronics, semiconductor sectors: Citigroup Global Markets Japan Inc. increased its investment ratings on Japanese industrial electronics and semiconductor sectors to “moderately bullish” from “neutral.” Toshiba Corp. (6502 JT) rose 2.9 percent to 527 yen. Fujitsu Ltd. (6702 JT) advanced 3.8 percent to 650 yen, the highest close since Aug. 26. NEC Corp. (6701 JT) gained 3.5 percent to 296 yen. Hitachi Ltd. (6501 JT) rose 2.1 percent to 394 yen, its highest close since May 11. Renesas Electronics Corp. (6723 JT) surged 11 percent to 1,123 yen, a level not seen since April 2009.

All Nippon Airways Co. (9202 JT) advanced 3.8 percent to 302 yen, the highest close since July 6. The carrier was boosted to “buy” from “underperform” by Yasuhito Tsuchiya, an analyst at Merrill Lynch & Co.

Combi Corp. (7935 JT) soared 6.2 percent to 740 yen, the sharpest gain since July 17. The baby goods maker’s full-year net income increased more than expected to 1.2 billion yen ($12.9 million) from 719 million yen a year earlier, according to a preliminary earnings statement. The company had earlier projected a profit of 680 million yen.

Dena Co. (2432 JT) jumped 4.8 percent to 722,000 yen. The operator of auction and shopping Web sites said it will conduct a 300-for-1 stock split and change its trading unit to 100 shares.

Elpida Memory Inc. (6665 JT) leapt 4 percent to 2,091 yen. Japan’s biggest computer-memory maker reported its first annual profit in three years as it benefited from rebounding chip sales. Net income was 2 billion yen in the 12 months ended March 31, compared with a 178.9 billion yen loss a year earlier, the Tokyo-based company said in a preliminary earnings statement today.

Hitachi Chemical Co. (4217 JT) rallied 4.1 percent to 2,017 yen. The chemical maker was rated “buy” in new coverage by UBS AG analyst Takaaki Muramatsu.

Kawasaki Kisen Kaisha Ltd. (9107 JT) advanced 4.2 percent to 393 yen, the highest close since Sept. 18. Japan’s third- largest shipping line will operate liquefied natural gas bases off the coast of northwestern Australia, the Nikkei newspaper reported, without saying where it obtained the information. The project may cost 120 billion yen.

Kourakuen Corp. (7554 JT) rose 4.2 percent to 1,263 yen, the steepest increase since October 2008. The operator of noodle shops said in a preliminary earnings statement that full-year net income doubled to 1.1 billion yen, exceeding the company’s forecast by 32 percent.

Nagase & Co. (8012 JT) gained 3.7 percent to 1,161 yen. The chemical products maker said full-year net income was 7.5 billion yen, 25 percent more than the company had expected, according to a preliminary earnings statement.

Shima Seiki Manufacturing Ltd. (6222 JO) leapt 4 percent to 2,235 yen. The maker of knitting machinery reported an operating profit of 650 million yen, beating its break-even forecast, according to a preliminary earnings statement.

Sumitomo Metal Mining Co. (5713 JT) gained 3.3 percent to 1,451 yen. Japan’s biggest producer of nickel plans to spend more than 10 billion yen to boost its capacity to refine nickel by 60 percent to 65,000 tons annually in fiscal 2013, Nikkei English News reported, without saying where it got the information.

Sunx Ltd. (6860 JT) jumped 8.3 percent to 484 yen, rising the most since July 17. The sensor maker’s full-year net loss was 800 million yen, narrower than the 1.45 billion yen loss it had forecast, the company said in a preliminary earnings statement.

Taiyo Yuden Co. (6976 JT) climbed 5.1 percent to 1,455 yen. The electronic component maker had its share price estimate boosted to 1,500 yen from 1,200 yen by Kota Ezawa, an analyst at Citigroup Global Markets Japan Inc.

Tokyo Ohka Kogyo Co. (4186 JT) increased 5.8 percent to 1,964 yen. The maker of photo-resists for semiconductors was rated “buy” in new coverage by UBS AG analyst Shohei Takahashi.

Tokyo Steel Manufacturing Co. (5423 JT) climbed 5 percent to 1,269 yen, the highest close since June 15. The furnace steelmaker was raised to “overweight” from “neutral” by Akira Kishimoto, an analyst at JPMorgan Chase & Co.

Toto Ltd. (5332 JT) gained 2.7 percent to 654 yen. Japan’s largest maker of toilets and bathroom fixtures said in a preliminary earnings statement that it had full-year net income of 800 million yen, compared with a net loss of 26.3 billion yen a year earlier.

Tsuken Corp. (1940 JT) soared by the daily limit of 80 yen, or 34 percent, to 314 yen, the sharpest gain since at least March 1998. Comsys Holdings Corp. (1721 JT), a telecommunication-systems company, agreed to acquire Tsuken for an unspecified amount in stock. Comsys gained 1.1 percent to 918 yen.

Yaskawa Electric Corp. (6506 JT) advanced 3.9 percent to 835 yen. The maker of factory controls said it expects to return to a net income of 4 billion yen from a loss of 5.7 billion yen this fiscal year.

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

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