Japan Tobacco, JR Central, Mitsubishi Chemical, Oki, Takeda: Equity Movers

Japan’s Nikkei 225 Stock Average rose 132.61, or 1.2 percent, to 11,057.40 at 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.

Central Japan Railway Co. (9022 JT) soared 6.7 percent to 767,000 yen, the highest since Jan. 6, 2009. The parent of Japan’s largest bullet-train maker said it expects net income to rise 5.7 percent to 97 billion yen (1.03 billion) this fiscal year.

Cosmo Oil Co. (5007 JT) sank 2.3 percent to 254 yen. The oil refiner and distributor unexpectedly posted a net loss of 11 billion yen in the year ended March 31, according to a preliminary earnings statement. The company had forecast profit of 20 billion yen.

Daido Steel Co. (5471 JT) soared 10 percent to 404 yen, rising the most since May 7, 2009, after the maker of specialty steel products said it expects to turn to net income of 11.5 billion yen this fiscal year, with a 22 percent rise in sales.

Hino Motors Ltd. (7205 JT) rallied 6 percent to 479 yen, the highest since September 2008. The company plans to sell 4,500 large trucks in China this fiscal year, three times the previous year, the Nikkan Kogyo newspaper said, citing President Yoshio Shirai.

Hitachi Capital Corp. (8586 JT) jumped 7.1 percent to 1,423 yen, the highest since September 2008. The consumer finance company expects a 13 percent rise in net income to 9.3 billion yen this fiscal year, Hitachi Capital said in a release 90 minutes before the market closed on April 28.

Japan Tobacco Inc. (2914 JT) leapt 5.1 percent to 327,000 yen. The world’s third-largest publicly traded cigarette maker said net income in the year ended March 31 rose 12 percent to 138.4 billion yen. The company forecast a 3.9 percent drop in net income to 133 billion yen this fiscal year.

JVC Kenwood Holdings Inc. (6632 JT) tumbled 8.9 percent to 51 yen. Softbank Corp. (9984 JT), Japan’s third-biggest wireless carrier, ended talks on buying JVC Kenwood’s music units, the Yomiuri newspaper reported. Softbank slid 0.6 percent to 2,110 yen.

Kawasaki Heavy Industries Ltd. (7012 JT) advanced 4.6 percent to 296 yen, the highest since July 2008. The maker of trains and power stations said it won an $87 million subway order in New York City.

Keihin Corp. (7251 JT) plummeted 6.7 percent to 1,791 yen, the biggest drop since March 30, 2009. The maker of parts for cars, motorcycles and machinery expects a 23 percent decline in net income to 5.9 billion yen this fiscal year, citing smaller gains related to foreign exchanges.

Kuraray Co. (3405 JT) jumped 6.6 percent to 1,237 yen, its biggest advance since June 30, after the fiber maker said it forecast net income will advance 47 percent to 24 billion yen this fiscal year with sales growth.

Misawa Homes Co. (1722 JT) surged by its daily limit of 80 yen, or 21 percent, to 460 yen, the highest since September 2008. Nomura Principal Finance Co. agreed to sell its 14 percent stake in Misawa Homes to a housing unit of Toyota Motor Corp. (7203 JT) by the end of May, the companies said in a statement. Toyota rose 0.8 percent to 3,665 yen.

Mitsubishi Chemical Holdings Corp. (4188 JT) climbed 3.3 percent to 503 yen, the highest since October 2008, while Mitsubishi Rayon Co. (3404 JT) rose 1.6 percent to 394 yen. Mitsubishi Chemical, Japan’s biggest chemicals maker, will offer 0.8 share for each Mitsubishi Rayon share to make it a wholly owned unit, the companies said in a joint statement. Separately, Mitsubishi Rayon, a synthetic fiber maker, said in a preliminary earnings statement its full-year net loss was 5 billion yen, narrower than its 11 billion yen loss forecast.

Mitsubishi Estate Co. (8802 JT), Japan’s second-largest developer, gained 5.4 percent to 1,704 yen, after the company said it forecast net income will jump to 63 billion yen this fiscal year from 11.9 billion yen a year earlier.

Mitsubishi Logistics Corp. (9301 JT) leapt 7.8 percent to 1,239 yen, rising the most since November 2008, after the warehousing company said it expects an 11 percent advance in net income with growing sales.

Nisshinbo Holdings Inc. (3105 JT) leapt 7.5 percent to 1,006 yen, the highest since Sept. 11. The textile maker said in a preliminary earnings statement its full-year net income was 1.9 billion yen, 90 percent more than it forecast.

Oki Electric Industry Co. (6703 JT) soared 7.7 percent to 98 yen, a level not seen since Sept. 1. The maker of communications equipment turned to net income of 3.62 billion yen in the year ended March 31 and expects profit to rise 24 percent this fiscal year.

Shinko Electric Industries Co. (6967 JT) surged 8.4 percent to 1,680 yen, the highest since Sept. 24. The maker of semiconductor packages forecast net income will jump to 8 billion yen this fiscal year from 3.19 billion yen a year earlier.

Showa Denko K.K. (4004 JT) rose 4.9 percent to 216 yen, a level not seen since Sept. 2. The world’s second biggest hard- disk maker raised its first-half net income forecast 33 percent to 4 billion yen, citing recovering demand in the electronics and car industries.

Takeda Pharmaceutical Co. (4502 JT) advanced 3.3 percent to 4,050 yen. Asia’s biggest drugmaker said it settled Actos patent litigation with six of eight defendants, delaying competition from their generic versions for up to 19 months.

West Japan Railway Co. (9021 JT) climbed 3.6 percent to 342,000 yen. Japan’s third-largest rail operator by market value said it expects a 13 percent advance in net income to 28 billion yen this fiscal year.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net;

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