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AOC, Funai Electric, Mercian, Osaki Electric, Sasebo Heavy: Equity Movers

Japan’s Nikkei 225 Stock Average rose 117.06, or 1.2 percent, to 9,639.72 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 containership operations of Japan’s three major shipping companies may generate a combined pretax profit of 10.5 billion yen ($117 million) for the year through March 2011, the Nikkei newspaper said. Kawasaki Kisen Kaisha Ltd. (9107 JT) rose 4.7 percent to 358 yen. Mitsui O.S.K. Lines Ltd. (9104 JT) increased 3 percent to 649 yen. Nippon Yusen K.K. (9101 JT) gained 1.6 percent to 327 yen.

Trading companies: Earnings from non-resource businesses for Japan’s major trading companies are likely to increase, the Nikkei English News reported, without saying how it obtained the information. Mitsubishi Corp. (8058 JT) gained 3.7 percent to 2,046 yen. Mitsui & Co. (8031 JT) rose 4.2 percent to 1,303 yen. Itochu Corp. (8001 JT) climbed 3.7 percent to 751 yen.

AOC Holdings Inc (5017 JT) advanced 6 percent to 565 yen. The oil company was boosted to “outperform” from “market perform” by Reiji Ogino, an analyst at Mitsubishi UFJ Financial Group Inc. The target share price was increased to 660 yen from 530 yen.

Asset Managers Holdings Co. (2337 JX) gained 5.9 percent to 10,230 yen. The operator of real-estate related funds said full- year net income will rise to 2.3 billion yen ($25.5 million) from 1.81 billion yen because of a gain from a sale of securities. The company had forecast a profit of 1.3 billion yen.

Clarion Co. (6796 JT) jumped 7 percent to 168 yen. The company’s share-price estimate was raised to 170 yen from 150 yen by Eiichi Katayama, an analyst at Nomura Holdings Inc. The “reduce” rating was left unchanged.

Funai Electric Co. (6839 JO) increased 6.8 percent to 3,455 yen. The company was raised to “buy” from “hold” by Yasuo Nakane, an analyst at Deutsche Bank AG.

Furukawa Electric Co. (5801 JT) gained 4.6 percent to 387 yen. The company said it will revise its production systems of domestic copper pipe and will aim to specialize in high-grade tubing for air conditioners by 2011, the Nikkan Kogyo Shimbun newspaper reported, without citing anyone.

Hino Motors Ltd. (7205 JT) rose 3.9 percent to 448 yen. The automaker said it will spend as much as 900 million yen to buy back up to 0.2 percent of its outstanding shares.

Mercian Corp. (2536 JT) slid 3.4 percent to 173 yen. The maker of alcoholic drinks said it was investigating what it said might have been “inappropriate” transactions at its fish-feed business.

Nichi-iko Pharmaceutical Co. (4541 JO) rose 5.2 percent to 3,015 yen after the Nikkei English News reported Sanofi-Aventis SA will buy a 5 billion yen stake in the Japanese maker of generic drugs.

Osaki Electric Co. (6644 JT) increased 7.4 percent to 744 yen. The maker of electricity meters for power companies said it will tie up with Hitachi Ltd. (6501 JT) in so-called smart grids. Hitachi rose 2.2 percent to 368 yen.

Panasonic Corp. (6752 JT) rose 2 percent to 1,151 yen. Panasonic is on course to meet its European sales targets, European Chief Executive Officer, Laurent Abadie, said in an interview in Paris.

Sasebo Heavy Industries Co. (7007 JT) gained 4.2 percent to 174 yen. The shipbuilder boosted its full-year net income forecast by 32 percent to 5 billion yen, citing cancellation fees for orders it had earlier received. The company increased the planned year-end dividend to 5 yen a share from 4 yen.

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

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