Ain, Bals, Don, Hitachi, Hitachi Zosen, KDDI, Pigeon, Sumco: Japan Stocks

Japan’s Nikkei 225 Stock Average fell 380.39, or 3.8 percent, to 9,520.80 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.

Game developers: Tecmo Koei Holdings Co. (3635 JT) sank 5.1 percent to 597 yen after the stock was cut to “hold” from “buy” by Soichiro Fukuda, an analyst at Citigroup Global Markets Japan Inc. Capcom Co. (9697 JT) lost 5.5 percent to 1,503 yen as its price estimate was reduced to 1,930 yen from 2,300 yen by Fukuda.

Advance Residence Investment (3269 JT) lost 5 percent to 114,600 yen, the biggest decline since its listing on March 3 on the Tokyo Stock Exchange. The real-estate investment trust plans to raise as much as 28.8 billion yen ($311 million) in a public share sale, according to a filing with the nation’s finance ministry.

Ain Pharmaciez Inc. (9627 JT) dropped 6.8 percent to 3,360 yen, the steepest decline since April 2009. The pharmacy chain was cut to “outperform” from “strong outperform” by Yukinori Oishi, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co.

Bals Corp. (2738 JT) plunged 6.8 percent to 101,000 yen, the sharpest drop since March 2009. The home-furnishing retailer said first-quarter operating profit fell 23 percent to 476 million yen as sales dropped.

Don Co. (8216 JO) fell 5.9 percent to 16 yen. The steak- restaurant chain will be delisted from the Osaka Stock Exchange on July 5, according to a filing to the Tokyo Stock Exchange.

Hitachi Ltd. (6501 JT) slumped 7 percent to 345 yen, the biggest drop since Nov. 16. The heavy equipment maker may lose a 1 trillion yen contract to supply intercity trains in the U.K. after Transport Secretary Philip Hammond said on June 4 he will overhaul plans to renew railway carriages, the Asahi newspaper reported.

Hitachi Zosen Corp. (7004 JT) rose 3.5 percent to 118 yen. The maker of industrial machinery and Finland’s Wartsila OYJ will jointly develop fuel cells for sale to companies seeking to cut carbon-dioxide emissions, the Nikkei newspaper reported.

KDDI Corp. (9433 JT) gained 1.8 percent to 420,500 yen. UQ, 32 percent-owned by KDDI, Japan’s second-biggest mobile-phone operator, said it plans to have 800,000 high-speed wireless Internet access subscribers in Japan by March 2011, up from 192,600 as of May.

Leopalace21 Corp. (8848 JT) plunged 8.9 percent to 318 yen, the lowest close since Dec. 18. The real-estate company said its occupancy rate fell to 79.8 percent in May from 83 percent a year earlier. It was the first time the rate has fallen below 80 percent since the company started disclosing the monthly data in April 2004.

Pigeon Corp. (7956 JT) advanced 1.3 percent to 3,180 yen. The maker of baby-care products was raised to “outperform” from “neutral plus” by Tomoaki Kawasaki, an analyst at Cosmo Securities Co.

Sumco Corp. (3436 JT) climbed 2.2 percent to 1,737 yen. The silicon wafer maker narrowed its net loss for the quarter ended April 30 to 4.84 billion yen from a 26.8 billion yen loss a year earlier. The stock was raised to “buy” from “neutral” by Takaaki Muramatsu, an analyst at UBS AG.

Sumitomo Corp. (8053 JT) declined 4.9 percent to 938 yen, sliding the most since Nov. 27. The trading company had its rating lowered to “outperform” from “strong outperform” by Makoto Sakurai, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co.

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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