Honeys, Kawasaki Heavy, Kura, Misumi, Nissin Kogyo, Sparx: Japanese Stocks

Japan’s Nikkei 225 Stock Average rose 123.26, or 1.3 percent, to 9,762.98 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.

CSK Holdings Corp. (9737 JT) advanced 4.7 percent to 467 yen. The computer services company had its 12-month share price estimate increased to 350 yen from 200 yen at Deutsche Bank AG.

Daikyo Inc. (8840 JT) jumped 4.1 percent to 179 yen. Anabuki Construction Inc. is finalizing a plan to reorganize with the backing of Daikyo and J-Will Partners, Nikkei English News reported, without citing a source for the information.

Dainippon Sumitomo Pharma Co. (4506 JT) gained 2.5 percent to 712 yen. JCR Pharmaceuticals Co. (4552 JO) rose 2.1 percent to 1,331 yen. The pharmaceutical companies said they will dissolve their co-marketing contract for “Growject,” a recombinant human growth hormone, and Dainippon Sumitomo will assign its growth hormone business to JCR.

Honeys Co. (2792 JT) surged 11 percent to 1,045 yen, the highest since August 2008. The clothing company was rated “buy” in new coverage by Deutsche Bank AG analyst Takahiro Kazahaya. The share price estimate was set at 1,350 yen.

Kawasaki Heavy Industries Ltd. (7012 JT) climbed 4.8 percent to 262 yen, rising the most since Dec. 11. The maker of trains and power stations won an $880 million order from the Washington Metropolitan Area Transit Authority to supply 428 subway rail cars.

Kura Corp. (2695 JT) advanced 2.6 percent to 1,444 yen. The sushi restaurant chain increased its full-year net income forecast by 9.1 percent to 2.98 billion yen ($32.6 million) on a parent basis, citing a decline in fish prices.

Kureha Corp. (4023 JT) leapt 5.1 percent to 453 yen. The resin products maker was boosted to “neutral” from “below average” by Yusuke Miura, an analyst at Tokai Tokyo Securities Co.

Misumi Group Inc. (9962 JT) advanced 2.8 percent to 1,703 yen. The mail-order distributor of precision machine parts said its sales in April jumped 68.1 percent to 9.8 billion yen. That was 6.8 percent higher than the company’s target.

Mitsubishi Pencil Co. (7976 JT) jumped 4.8 percent to 1,263 yen. The maker of writing instruments forecast full-year net income will rise to 3.2 billion yen on higher sales, 19 percent higher than its earlier projection.

Mitsui Mining & Smelting Co. (5706 JT) increased 4.4 percent to 263 yen. Japan’s biggest producer of refined zinc was raised to “buy” from “neutral” by Atsushi Yamaguchi, an analyst at UBS AG. The share price estimate was increased to 330 yen from 280 yen.

Nissin Kogyo Co. (7230 JT) surged 7.8 percent to 1,430 yen, the sharpest increase since Sept. 1. The brake system maker was raised to “buy” from “hold” at Citigroup Global Markets Japan Inc.

Obic Co. (4684 JT) increased 5 percent to 17,510 yen. The office support company was raised to “outperform” from “neutral” by Nobumasa Morimoto, an analyst at Credit Suisse Group AG. The share price estimate was also raised to 20,340 yen from 16,950 yen.

Pal Co. (2726 JT) jumped 12 percent to 3,320 yen, the highest close since September 2007. The casual store operator was rated new “buy” by analyst Takahiro Kazahaya, an analyst at Deutsche Bank AG. The share price estimate was set at 4,600 yen.

Panasonic Electric Works Co. (6991 JT) rose 2 percent to 942 yen. The manufacturer of building materials and light equipment will invest 2 billion yen to build a production line in Suzhou, China, to make light-emitting diode materials, according to a statement on the Japanese company’s website.

Sparx Group Co. (8739 JQ) surged 11 percent to 12,440 yen. Asia’s biggest hedge-fund manager said it plans to start a Japan-focused green fund with backing from a Middle East sovereign investor on June 1.

Tokyu Land Corp. (8815 JT) gained 3.4 percent to 335 yen. The developer’s share price estimate was raised to 500 yen from 410 yen by Kazuya Takeuchi, an analyst at Mizuho Securities Co.

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

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.