All Nippon Air, Frontier, Mizuho Securities, Nissan, Shoei: Stock Movers

Japan’s Nikkei 225 Stock Average rose 8.04, or 0.1 percent, to 9,887.89 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.

All Nippon Airways Co. (9202 JT) increased 2.8 percent to 290 yen. Asia’s second-largest carrier by sales had its stock rating raised to “overweight” from “equal-weight” by Takuya Osaka, a Tokyo-based analyst at Morgan Stanley.

Frontier Real Estate Investment Corp. (8964 JT) leapt 3 percent to 650,000 yen. The real estate investment trust said it plans to raise as much as 20 billion yen ($219 million) in a public share sale to purchase properties and repay debt.

Hodogaya Chemical Co. (4112 JT) gained 3.2 percent to 323 yen. The chemicals maker said it will acquire a 34 percent stake in South Korea’s SFC Co.

Iida Home Max (8880 JT) surged 9.1 percent to 802 yen. The homebuilder said full-year net income jumped to 5.95 billion yen ($65 million) from 795 million yen a year earlier, buoyed by a gain in condominium sales.

Japan Wind Development Co. (2766 JT) plunged by its daily limit of 40,000 yen, or 22 percent, to 143,600 yen, the biggest drop since at least March 2003, after the wind-power developer said it will be placed on a so-called monitoring post by the Tokyo Stock Exchange. The company is likely to fail to meet a TSE deadline to file its earnings auditing report because it changed its auditor, it said in a filing.

Also, Sparx Group Co. (8739 JQ), Asia’s biggest hedge-fund manager that has an investment partnership with Japan Wind for a green fund, tumbled 8.3 percent to 10,100 yen.

Miraial Co. (4238 JQ), a maker of silicon boxes for shipping semiconductors, advanced 3.5 percent to 2,800 yen, while Toshiba Machine Co. (6104 JT) lost 1.4 percent to 366 yen. Toshiba Machine, an industrial machinery maker, will sell its 34 percent stake in a venture with Miraial to a partner, the companies said in separate statements.

Mizuho Securities Co. (8606 JT) gained 4.1 percent to 229 yen. Daiwa Securities Group Inc. (8601 JT) rose 1.8 percent to 402 yen. Nomura Holdings Inc. (8604 JT) advanced 1.9 percent to 541 yen. The brokerages were boosted to “outperform” from “neutral” by Azuma Ohno, a Tokyo-based analyst at Credit Suisse Group.

Nissan Motor Co. (7201 JT) climbed 3.3 percent to 668 yen. Japan’s third-largest automaker was raised to “outperform” from “neutral” by Clive Wiggins, a Tokyo-based analyst at Macquarie Group Ltd. The stock price estimate for 12 months was also increased to 750 yen from 730 yen by Macquarie.

Shoei Foods Corp. (8079 JT) increased 3.3 percent to 503 yen. The food-trading company said first-half net income more than tripled to 1.18 billion yen, buoyed by improved production in Japan and China.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

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