Brother, Hitachi, Mitsui O.S.K., Mitsubishi, Okumura, Yakult: Japan Stocks

Japan’s Nikkei 225 Stock Average rose 62.77, or 0.7 percent, to 9,522.66 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.

Shipping Companies: The Baltic Dry Index, a measure of shipping rates for commodities, soared 6.2 percent yesterday to its highest level since Nov. 25.

Mitsui O.S.K. Lines Ltd. (9104 JT), operator of the world’s largest merchant fleet, jumped 5 percent to 630 yen. Nippon Yusen K.K. (9101 JT), Japan’s largest shipping line by sales, climbed 3.2 percent to 322 yen. Kawasaki Kisen Kaisha Ltd. (9107 JT) leapt 4.3 percent to 342 yen.

Brother Industries Ltd. (6448 JT) surged 5.2 percent to 976 yen. The office-equipment maker raised its first-half net income forecast by 62 percent to 10.5 billion yen ($117 million), saying higher sales of industrial equipment will offset the negative impact of a stronger yen.

East Japan Railway Co. (9020 JT) lost 2.9 percent to 5,760 yen, the lowest close since Nov. 16. The railway operator was cut to “hold” from “buy” by Naoko Matsumoto, an analyst at Citigroup Global Markets Japan Inc.

FujiStaff Holdings Inc. (2147 JQ) jumped 6.8 percent to 14,870 yen. The employment agency operator increased its half- year net income forecast by 25 percent to 650 million yen, following better-than-estimated sales.

Hitachi Ltd. (6501 JT) rallied 3.5 percent to 360 yen. The electronics maker’s share price estimate was increased to 425 yen from 375 yen by Takeo Miyamoto, an analyst at Deutsche Bank AG.

Mitsubishi Corp. (8058 JT) advanced 3.1 percent to 1,973 yen. Japan’s government will provide insurance for a Venezuelan oil-field project involving Mitsubishi Corp. and a loan to a Toshiba Corp. (6502 JT) affiliated uranium-enrichment company in the U.S., Nikkei English News reported, without saying how it obtained the information. Toshiba gained 0.9 percent to 447 yen.

NGK Insulators Ltd. (5333 JT) sank 2.9 percent to 1,563 yen, the lowest close since May 2009. The maker of electrical insulators and industrial ceramic products had its rating reduced to “neutral” from “above average” by Katsumi Hosoi, an analyst at Tokai Tokyo Securities Co.

Nichiyu Giken Kogyo Co. (4961 JQ) surged 29 percent to 1,320 yen, the sharpest increase since October 2001. NOF Corp. (4403 JT) will pay 4.3 shares for each share it doesn’t already own of Nichiyu Giken Kogyo to make the subsidiary wholly owned, NOF said. NOF rose 2.1 percent to 346 yen.

Okumura Corp. (1833 JT) increased 5.1 percent to 312 yen, rising the most since February 2009. The general contractor was boosted to “neutral” from “underperform” by Hiroki Kawashima, an analyst at Daiwa Securities Group Inc.

Ryoyo Electro Corp. (8068 JT) advanced 2.8 percent to 857 yen. The wholesaler of electronic parts will sell its entire stake in Unidux Inc. (9897 JT) to Avnet Inc. (AVT US), Ryoyo said. Unidux soared by the daily limit of 80 yen, or 18 percent, to 532 yen, the highest close since December 2007.

Sanyo Electric Logistics Co. (9379 JQ) jumped 10 percent to 1,739 yen, the highest close since March 2006. Sanyo Electric Co. (6764 JT) will sell its 57.67 percent stake in Sanyo Electric Logistics to a Longreach Group Ltd. (LRG AU) unit for 1,750 yen a share, and acquire a 5 percent stake in the Longreach unit, Sanyo said. Sanyo Electric Co. advanced 2.4 percent to 129 yen.

T-Gaia Corp. (3738 JT) tumbled 5.4 percent to 123,900 yen, the lowest close since June 24. The cell-phone unit sales company was lowered to “neutral” from “buy” by Hiroshi Naya, an analyst at Ichiyoshi Securities Co.

Yakult Honsha Co. (2267 JT) climbed 4.1 percent to 2,238 yen, the biggest gain since Nov. 11. The company, which makes fermented milk products, was raised to “outperform” from “neutral” by Hiroshi Saji, an analyst at Mizuho Securities Co. The share price estimate was also raised to 2,880 yen from 2,630 yen.

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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