Dena, Mitsubishi Estate, Okuma, Showa Shell, Unicharm: Japanese Stocks

Japan’s Nikkei 225 Stock Average fell 361.71, or 3.3 percent, to 10,695.69 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.

Arnest One Corp. (8895 JT) rose 2.2 percent to 991 yen. The homebuilder said in a preliminary earnings statement full-year net income reached 14.2 billion yen ($151.5 million) on a parent basis, beating its forecast by 30 percent. The company increased the planned yearend dividend to 25 yen from 15 yen.

CMK Corp. (6958 JT) plunged 9.6 percent to 629 yen, falling the most since July 13. The printed circuit board maker reported in a preliminary earnings statement a net loss of 2.4 billion yen for the year ended March 31, missing its forecast of a 500 million yen profit. The company’s rating was reduced to “neutral” from “buy” by UBS AG analyst Fumihide Goto.

Daido Steel Co. (5471 JT) advanced 3.7 percent to 419 yen, a level not seen since June 17. The maker of specialty steel products was raised to “buy” from “neutral” by Katsuya Takeuchi, an analyst at UBS AG.

Daiwa House Industry Co. (1925 JT) fell 3.7 percent to 976 yen. The homebuilder may report profit of 19 billion yen for the year ended March 31, missing a forecast of 24 billion yen, Nikkei English News said.

Daiwa Securities Group Inc. (8601 JT) declined 5.9 percent to 461 yen, the sharpest drop since Sept. 25. Japan’s second- largest brokerage reported an unexpected fourth-quarter net loss as trading and fee income lagged behind the rebound at larger rival Nomura Holdings Inc. (8604 JT). Nomura fell 4.7 percent to 624 yen.

Dena Co. (2432 JT) surged 6 percent to 815,000 yen, the highest close since December 2007. The operator of auction and shopping websites said full-year net income gained 43 percent to 11.4 billion yen on sales growth.

Fujifilm Holdings Corp. (4901 JT) sank 4 percent to 3,110 yen, the steepest decline since Aug. 17. The maker of photo film swung to a full-year operating loss of 42.1 billion yen on a 10 percent drop in sales.

Inabata & Co. (8098 JT) jumped 8 percent to 511 yen, the highest close since August 2008. The trader of chemical products had full-year net income of 1.6 billion yen, higher than the 1.5 billion yen profit projected in February, according to a preliminary earnings statement.

Kenedix Inc. (4321 JT) tumbled 9.5 percent to 29,970 yen. The real estate developer which holds a stake in Commercial Re Co. (8866 JQ) tumbled after Commercial Re today filed for bankruptcy protection with the Tokyo District Court with liabilities of 15 billion yen.

K.K. DaVinci Holdings (4314 JX) plummeted by the daily limit of 80 yen, or 17 percent, to 396 yen, the lowest close since its listing in December 2001. The real estate asset management company said it received notification the stock will be delisted from Osaka Securities Exchange as of June 1.

Mitsubishi Estate Co. (8802 JT) lost 4.3 percent to 1,631 yen. The property developer was cut to “neutral” from “buy” by Daisuke Fukushima, an analyst at Nomura Holdings Inc.

Mitsui Fudosan Co. (8801 JT) retreated 6.5 percent to 1,635 yen. Japan’s largest developer said full-year net income fell 28 percent to 60.1 billion yen. The property developer expects a 17 percent drop in profit to 50 billion yen this fiscal year.

Noritz Corp. (5943 JT) climbed 15 percent to 1,650 yen, the sharpest increase since February 2000. The maker of gas-fired baths and water heaters raised its full-year profit forecast 75 percent to 3.5 billion yen, citing more-than-expected demand in China and cost cuts.

NS Solutions Corp. (2327 JT) gained 2.3 percent to 2,178 yen, the highest close since July 2008. The system consulting services company was raised to “buy” from “outperform” by Makoto Ueno, an analyst at Daiwa Securities Group Inc.

Okuma Corp. (6103 JT) tumbled 6.5 percent to 631 yen. The machinery maker posted a net loss of 18.8 billion yen for the year ended March 31, bigger than its forecast of a 15.5 billion yen loss.

Showa Shell Sekiyu K.K. (5002 JT) increased 2.2 percent to 655 yen. The Japanese refining arm of Royal Dutch Shell Plc reported first-quarter net income of 8.15 billion after a 43.3 billion-yen loss a year earlier, as sales climbed. Ratings on the stock were raised at Citigroup Global Markets Japan Inc. and UBS AG.

Toshiba Plant Systems & Services Corp. (1983 JT) gained 3.5 percent to 1,185 yen. The plant engineering company had its rating raised to “outperform” from “neutral” by Maoki Matsuno, an analyst at Daiwa Securities Group Inc.

Unicharm Corp. (8113 JT) advanced 4.1 percent to 9,510 yen, its highest close since its listing on the Tokyo Stock Exchange in August 1976. The diaper maker will split its stock 3-for-1. The company also said full-year net income rose 43 percent to 24.5 billion yen, and it will buy out Unicharm Petcare Corp. (2059 JT). Unicharm was raised to “outperform” from “fairly valued” by Tomohiko Ikeno, an analyst at ACE Research Institute. Unicharm Petcare soared 22 percent to 3,810 yen, rising the most since its listing on the exchange in October 2004.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

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