Cosmo Oil, Daiwabo, IT Holdings, Jaccs, Ricoh, Yutaka Giken: Japan Stocks

Japan’s Nikkei 225 Stock Average fell 140.96, or 1.3 percent, to 10,949.09 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.

Retailers: Convenience-store operators Lawson Inc. (2651 JT) and FamilyMart Co. (8028 JT) as well as retail chain operators Uny Co. (8270 JT) and Aeon Co. (8267 JT) advanced after their ratings were raised to “buy” from “underperform” by Hidehiko Aoki, an analyst at Merrill Lynch & Co. Lawson gained 2.3 percent to 4,180 yen. FamilyMart increased 1.4 percent to 3,280 yen, its highest close since February 2009. Uny climbed 3.1 percent to 866 yen. Aeon rose 2.2 percent to 1,097 yen.

Cosmo Oil Co. (5007 JT) advanced 2.7 percent to 267 yen. The refiner said it may begin commercial operations of a coker unit at its Sakai refinery in western Japan around May 6.

Daiwabo Holdings Co. (3107 JT) soared 15 percent to 229 yen, the steepest rise since May 18. The textile maker’s full-year net income unexpectedly increased to 1.4 billion yen ($15 million), according to a preliminary earnings statement. The company had expected profit of 100 million yen.

Fujitec Co. (6406 JT) surged 11 percent to 597 yen, its highest close since July 2008. The maker of elevators and escalators returned to a net income of 4 billion yen in the year ended March 31 from a loss of 649 million yen a year ago, according to a preliminary earnings statement. The profit was higher than its forecast of a 2.1 billion yen profit. The company raised the planned yearend dividend to 6 yen from 4 yen.

Idemitsu Kosan Co. (5019 JT) gained 1.9 percent to 7,880 yen, a level not seen since Sept. 24. The refiner said it targets fiscal 2012 net income of 48 billion yen, compared with 10 billion yen expected for the current business year. The company also said in a press release that it will invest 370 billion yen in overseas projects over the next three years.

Jaccs Co. (8584 JT) jumped 5.9 percent to 234 yen. The consumer-credit company’s full-year net income unexpectedly increased to 3.5 billion yen, compared with a forecast of 2.3 billion yen. The company raised its planned yearend dividend by 1 yen to 5 yen a share.

Koa Corp. (6999 JT) gained 4.6 percent to 1,032 yen, its highest close since November 2007. The electronic-parts maker reported net income of 1.21 billion yen in the year ended March 31 from a net loss of 1.93 billion yen a year earlier.

Net One Systems Co. (7518 JT) jumped 5.4 percent to 137,600 yen, a level not seen since Sept. 16. The communications-network designer had its 12-month share price estimate boosted to 116,500 yen from 85,800 yen by Yusuke Hori, an analyst at Mizuho Securities Co.

Nippon Commercial Investment Corp. (3229 JT) soared 9.5 percent to 146,500 yen, the biggest gain since June 19. United Urban Investment Corp. (8960 JT) advanced 3.7 percent 587,000 yen. Marubeni Corp. (8002 JT) plans to sponsor Nippon Commercial Investment and combine it with United Urban Investment to form a real-estate investment trust with around 500 billion yen in assets under management, Nikkei English News said, without citing anyone. Marubeni slumped 1.7 percent to 565 yen.

Nissin Healthcare Food Service Co. (4315 JQ) leapt 3 percent to 1,242 yen. The catering company’s full-year net income totaled 8.3 billion yen, beating its forecast by 28 percent, according to a preliminary earnings statement.

Oki Electric Industry Co. (6703 JT) rose 3.3 percent to 93 yen. The maker of communications equipment said on its Web site it improved its latest call center system so that it requires fewer servers.

Ricoh Co. (7752 JT) advanced 3.4 percent to 1,554 yen, the highest close since September 2008. The maker of office equipment said in a preliminary earnings statement that operating profit for the year ended March 31 fell less than forecast to 65 billion yen, as cost cuts began to take effect and the business environment improved. The stock was raised to “strong outperform” from “outperform” by Masahiko Ishino, an analyst at Mitsubishi UFJ Financial Group Inc.

Sumitomo Bakelite Co. (4203 JT) rose 1.9 percent to 529 yen. The synthetic resin maker had 3.3 billion yen in net income for the year ended March 31, exceeding its forecast of an 800 million yen profit, it said in a preliminary earnings statement.

Toenec Corp. (1946 JT) advanced 3.9 percent to 535 yen, the largest increase since June 25. The contractor for building infrastructure said in a preliminary earnings statement full- year net income declined to 2.18 billion yen, less than a projection of 1.2 billion yen.

Zeon Corp. (4205 JT) soared 8.7 percent to 564 yen, a level not seen since May 2008. The chemicals company’s full-year net income more than doubled to 5 billion yen from a year ago, beating its 2.5 billion yen profit forecast, according to a preliminary earnings statement.

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

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