Asax, Canon, Dainippon Screen, Exedy, Fanuc, Sony, Tamron: Japanese Stocks

Japan’s Nikkei 225 Stock Average rose 256.42, or 2.7 percent, to 9,753.27 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.

Arisawa Manufacturing Co. (5208 JT) surged 14 percent to 660 yen, the most since Jan. 12. The industrial-materials processor more than quadrupled its full-year net income outlook to 810 million yen ($9.2 million) from 200 million yen because of better-than-expected sales of display materials.

Asax Co. (8772 JT) soared 11 percent to 114,000 yen. The financing company was raised to “outperform” from “neutral” by Jiro Kojima, an analyst at Daiwa Securities Group Inc.

Canon Inc. (7751 JT) rallied 5.7 percent to 3,715 yen, its steepest increase since Dec. 24. The world’s largest camera maker reported its net income was 67.6 billion yen in the quarter ended June 30 from 15.6 billion yen a year earlier. That exceeded the 58 billion yen median estimate of three analysts surveyed by Bloomberg. Also, JPMorgan Chase & Co. boosted to its rating on Canon’s stock to “overweight” from “neutral.”

Daihatsu Motor Co. (7262 JT) jumped 8.3 percent to 982 yen, the most since January 2009, after the unit of Toyota Motor Corp. (7203 JT) reported first-quarter net income surged almost six- fold to 19.9 billion yen on growing sales. Toyota rose 1.3 percent to 3,080 yen.

Dainippon Screen Manufacturing Co. (7735 JT) jumped 7.8 percent to 454 yen, its biggest increase since November 2009. The chip-equipment maker said it has obtained the world’s first authentication for the draft international standard of ISO 50001, an energy management system that International Organization for Standardization will issue next year.

Exedy Corp. (7278 JT) jumped 11 percent to 2,483 yen, its biggest gain since April 2009. The auto-parts maker boosted its full-year net-income forecast by 40 percent to 11.2 billion yen on better-than-expected demand for cars.

Fuji Heavy Industries Ltd. (7270 JT) gained 6.8 percent to 488 yen after reporting production and export gains for June. Global production rose 70.3 percent in June compared with the same month last year, the maker of Subaru brand vehicles announced before the market closed yesterday.

Hitachi High-Technologies Corp. (8036 JT) advanced 2.4 percent to 1,630 yen. The trading company increased its full- year net income forecast to 12.6 billion yen, up from its previous estimate of 10.6 billion yen.

Hitachi Ltd. (6501 JT) rose 3.8 percent to 355 yen. The maker of products from atomic power plants to kitchen appliances will be able to fulfill orders for auto electronic control units from next month, the company said in a statement.

Maruha Nichiro Holdings Inc. (1334 JT) advanced 5.2 percent to 142 yen. The seafood company may report an operating profit of about 5 billion yen for the quarter, 140 percent more than a year earlier, Nikkei English News reported.

Mitsui Fudosan Co. (8801 JT) gained 4.9 percent to 1,352 yen, the biggest gain since November 2009. The property developer will invest 3.3 billion yen to expand an outlet mall in the Nagoya area, the Nikkei newspaper said. The company expects to draw Chinese tourists to the site, which is near the Central Japan International Airport, the report said.

Mori Seiki Co. (6141 JO) sank 2.5 percent to 885 yen. The machine-tool maker widened its first-half net loss outlook to 5 billion yen from 4.5 billion yen.

Nippon Steel Corp. (5401 JT) rose 3.7 percent to 306 yen. Japan’s largest producer of the metal returned to a first- quarter net income of 26.8 billion yen after boosting output to tap demand in Asia.

Sekisui Chemical Co. (4204 JT) leapt 4.4 percent to 599 yen, its biggest advance since October 2009. The maker of vinyl and resin products raised its net-income forecast by 50 percent to 6 billion yen for the half year ending Sept. 30 on increased sales.

Sony Corp. (6758 JT) rose 2.7 percent to 2,608 yen. The maker of Bravia televisions had its stock rating boosted to “overweight” from “neutral” by Yoshiharu Izumi, a Tokyo- based analyst at JPMorgan Chase & Co.

Tamron Co. (7740 JT) increased 4.7 percent to 1,415 yen. The lens maker said in a preliminary earnings statement that net income amounted to 1.61 billion yen in the six months ended June 30, about double its 800 million yen projection, citing demand for digital cameras. The company plans to pay a first-half dividend of 20 yen per share, up from 15 yen a year earlier.

Zeon Corp. (4205 JT) soared 12 percent to 596 yen, its biggest gain since October 2008. The chemicals company increased its net income forecast 52 percent to 13.7 billion yen for the current fiscal year. Its previous estimate was for 9 billion yen.

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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