Astellas, Celartem, Gree, Jtekt, NKSJ, Promise, Tomoe: Japanese Stocks

Japan’s Nikkei 225 Stock Average rose 5.72, or 0.1 percent, to 9,768.70 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.

Astellas Pharma Inc. (4503 JT) rose 1.7 percent to 2,935 yen. Japan’s second-biggest drugmaker was raised to “neutral” from “underperform” by Hiroshi Tanaka, an analyst at Mizuho Securities Co.

Celartem Technology Inc. (4330 JX) surged by its daily limit of 15,000 yen, or 18 percent, to 100,300 yen. The software developer raised its full-year net income outlook by 53 percent to 520 million yen ($5.7 million), citing benefits from a Chinese subsidiary it made wholly owned in January.

Gendai Agency Inc. (2411 JQ) gained 4.1 percent to 93,800 yen. The provider of advertising services for pachinko parlors said it will retire 16 percent of its outstanding shares on June 30.

Gree Inc. (3632 JT) rallied 6.4 percent to 6,140 yen, its highest close on record. The social-networking site operator was boosted to “buy” from “hold” by Hiroshi Yamashina, an analyst at Citigroup Global Markets Japan Inc. Citigroup also raised its stock-price estimate on Gree to 9,700 yen from 6,600 yen.

Itochu Techno-Solutions Corp. (4739 JT) climbed 2.6 percent to 3,350 yen, adding to its 3.7 percent advance on May 28. The computer-network systems developer had its stock-price estimate boosted to 3,840 yen from 3,320 yen by Credit Suisse Group AG, which maintained the “outperform” rating.

Jtekt Corp. (6473 JT) slumped 2.4 percent to 932 yen. The maker of car parts said it plans to raise up to 19.4 billion yen from the sale of shares to the public and Toyota Motor Corp. (7203 JT). Toyota slipped 0.6 percent to 3,280 yen.

Kanamoto Co. (9678 JT) advanced 6.5 percent to 411 yen. The leaser of construction machinery raised its full-year net income forecast to 330 million yen from its previous outlook of 110 million yen.

Kao Corp. (4452 JT) rose 3.8 percent to 2,019 yen. The toiletry maker was raised to “buy” from “neutral” by Bank of America Corp.’s Merrill Lynch, which maintained its price estimate of 2,500 yen on the stock.

Nihon Unisys Ltd. (8056 JT) gained 2 percent to 671 yen. The wholesaler of computers and peripheral equipment will offer to libraries a system to provide electronic books via the Internet for about 150,000 yen a month, half the usual price, Nikkei English News said.

Nippon Parking Development Co. (2353 JT) rose 3.4 percent to 4,380 yen. The parking-lot services company’s nine-month net income rose to 736 million yen from 363 million yen a year earlier.

NKSJ Holdings Inc. (8630 JT) climbed 1.8 percent to 567 yen. The insurer plans to sell more than 250 billion yen of stock in client companies by the end of fiscal 2012, Nikkei English News said.

Promise Co. (8574 JT) tumbled 6.3 percent to 591 yen, a level not seen since Dec. 18 and extending a drop on May 28. Promise, Japan’s second-largest consumer lender by market value, had its credit rating cut to below investment grade by Moody’s Investors Service, which cited concern the company’s business model may no longer be profitable. Moody’s made an announcement before the market closed on May 28.

Takagi Seiko Corp. (4242 JQ), a plastic products maker, surged 19 percent to 380 yen, its highest close since October 2008. Toyobo Co. (3101 JT), a fiber maker, rose 2.1 percent to 143 yen. A consortium including the University of Tokyo, Toyobo and Takagi Seiko developed a carbon fiber material used in car- making that is as easy to process as metal, the Nikkei newspaper reported. Toray Industries Inc. (3402 JT) increased 2.8 percent to 474 yen. Mitsubishi Rayon Co. (3404 JT) slid 1.5 percent to 333 yen.

Tomoe Engineering Co. (6309 JT) soared 11 percent to 1,211 yen, the biggest advance since June 4, 2009. The chemical materials maker raised its full-year net income forecast by 18 percent to 1.3 billion yen following an increase in orders.

Towa Pharmaceutical Co. (4553 JT) jumped 7.6 percent to 5,830 yen, while Sawai Pharmaceutical Co. (4555 JT) leapt 6.5 percent to 7,860 yen. The generic-drug makers rose in Tokyo trading after Sanofi-Aventis SA (SAN FP) said on May 28 it agreed to form a generic-drug venture with Nichi-iko Pharmaceutical Co. (4541 JO). Nichi-iko increased 2.6 percent to 3,195 yen.

Uchida Yoko Co. (8057 JT) jumped 13 percent to 270 yen. The office-equipment trader turned to operating profit of 1.79 billion yen on growing sales. The company lost 598 million yen a year earlier.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net. Anna Kitanaka in Tokyo at akitanaka@bloomberg.net;

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