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ABC-Mart, Daikin, Honda, Mitsubishi UFJ, Tokyo Electron: Japanese Stocks

Japan’s Nikkei 225 Stock Average rose 256.09, or 2.8 percent, to 9,535.74 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.

ABC-Mart Inc. (2670 JT) sank 6.5 percent to 3,070 yen, the biggest drop since March 2009. The shoe retailer was cut to “neutral” from “buy” by Akihiro Hayashi, an analyst at Ichiyoshi Securities Co. ABC-Mart yesterday said first-quarter net income rose to 3.71 billion yen ($42.5 million) from 3.56 billion yen a year earlier.

Daiei Inc. (8263 JT) surged 8.8 percent to 395 yen. The retailer reported first-quarter net income of 250 million yen, compared with a net loss a year earlier, citing lower utility expenses and other operating costs.

Daihatsu Motor Co. (7262 JT) rallied 4.8 percent to 948 yen. The automaker was raised to “outperform” from “market perform” by Tsuyoshi Mochimaru, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co.

Daikin Industries Ltd. (6367 JT) advanced 4.5 percent to 2,957 yen. The company said it expects production of household air conditioners to rise 21 percent this business year as the global economy recovers.

Honda Motor Co. (7267 JT) climbed 3.7 percent to 2,616 yen. Japan’s second-largest carmaker aims to sell 2,500 units of its Freed Spike minivan a month in Japan, the company said in a statement today in Tokyo. The model goes on sale in Japan tomorrow.

JX Holdings Inc. (5020 JT), Japan’s biggest oil refiner and No. 1 copper producer, jumped 6.3 percent to 489 yen, the biggest increase in the Nikkei 225 after prices of copper and oil increased.

Marui Group Co. (8252 JT) jumped 6.2 percent to 647 yen, the biggest advance since Nov. 16. The department-store chain and consumer lender was raised to “neutral” from “underperform” by Toshio Takahashi, an analyst at Mizuho Securities Co.

Mitsubishi Electric Corp. (6503 JT) leapt 4 percent to 747 yen. The electronics maker will double this fiscal year’s planned capital spending on power semiconductors to 10 billion yen, the Nikkan Kogyo newspaper said.

Mitsubishi UFJ Financial Group Inc. (8306 JT) rallied 3.4 percent 428 yen. The company’s Bank of Tokyo-Mitsubishi UFJ unit intends to start a fund to make loans to companies in 18 growth sectors under the Bank of Japan’s new lending facility, Nikkei English News said.

Toko Inc. (6801 JT) jumped 4.7 percent to 157 yen. The electronic components maker will roughly triple its coil production capacity by the end of this fiscal year, one year ahead of schedule, the Nikkei Business Daily reported.

Tokyo Electron Ltd. (8035 JT) rallied 5.2 percent to 4,900 yen. The world’s biggest producer of chip-making equipment will spend 1 billion yen to increase production in Iwate, northern Japan, by 20 percent, the Iwate Nippo newspaper said. Separately, the Nikkei newspaper said semiconductor demand in Asia is increasing, accounting for more than 50 percent of global sales.

Advantest Corp. (6857 JT), the world’s largest maker of chip-testing equipment, jumped 6 percent to 1,881 yen, rising the most since Aug. 24. Sumco Corp. (3436 JT), a silicon wafer maker for semiconductors, leapt 5.2 percent to 1,586 yen.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

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