Japan Tobacco, Mitsui Fudosan, Nintendo, Panasonic, Sony: Equity Movers

Japan’s Nikkei 225 Stock Average fell 158.72, or 1.6 percent, to 9,537.30 at the close of trading in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Acom Co. (8572 JT) jumped 5.8 percent to 1,511 yen. Japan’s largest consumer lender by market value said first-quarter operating profit jumped to 22.1 billion yen ($262 million) from 9 billion yen a year earlier. Separately, the company was raised to “hold” from “sell” by Takehiro Tsuda, an analyst at Citigroup Inc.

Daiichi Sankyo Co. (4568 JT) rose 2.2 percent to 1,609 yen. Japan’s third-largest drugmaker said it will consider raising its full-year forecasts after reviewing earnings at its Indian unit Ranbaxy Laboratories Ltd.

Fuji Logistics Co. (9061 JT) jumped by its upper daily limit of 26 percent, or 50 yen, to 245 yen, its steepest gain on record. Mitsubishi Logistics Corp. (9301 JT) will offer to buy control of the company, Nikkei English News reported. Mitsubishi Logistics dropped 3.2 percent to 992 yen.

Fujitsu Ltd. (6702 JT) rose 4.4 percent to 615 yen. Japan’s biggest computer-services provider tripled its first-half net income forecast to 15 billion yen, citing cost cuts.

Japan Tobacco Inc. (2914 JT) retreated 3.1 percent to 278,000 yen. The world’s third-largest publicly traded cigarette maker said first-quarter net income fell 47 percent to 22.8 billion yen after domestic sales dropped and a stronger yen reduced the value of overseas earnings.

Mitsubishi Estate Co. (8802 JT) sank 4.1 percent to 1,218 yen. Japan’s second-biggest developer by sales said first- quarter net income fell 30 percent 6.77 billion yen.

Mitsui Fudosan Co. (8801 JT) slid 3.9 percent to 1,280 yen. Japan’s biggest property developer said first-quarter net income slid 72 percent to 4.49 billion yen as vacancy rates rose, crimping earnings from office leasing.

Nintendo Co. (7974 JO) declined 1.9 percent to 24,160 yen. The world’s largest maker of video-game machines reported a first-quarter net loss of 25.2 billion yen, reversing from net income a year earlier, as sales fell by 26 percent.

Nisshin Seifun Group Inc. (2002 JT) fell 1.7 percent to 1,057 yen, while NBC Meshtec Inc. (3534 JT) jumped by its upper daily limit of 21 percent, or 150 yen, to 880 yen, its biggest increase on record. Oriental Yeast Co. (2891 JT) also advanced by its upper daily limit, gaining 20 percent, or 80 yen, to 488 yen. Nisshin Seifun offered 1,395 yen for each NBC Meshtec share and 800 yen per Oriental Yeast share to buy full control of the companies.

Panasonic Corp. (6752 JT) rose 6 percent to 1,142 yen. The world’s largest maker of rechargeable batteries offered to buy out Sanyo Electric Co. (6764 JT) and Panasonic Electric Works Co. (6991 JT) for 818.4 billion yen to expand its renewable-energy businesses. Panasonic also registered to sell as much as 500 billion yen of shares, according to a filing with Japan’s finance ministry. Sanyo tumbled 8.7 percent to 136 yen. Panasonic Electric dropped 2.2 percent to 1,099 yen.

Promise Co. (8574 JT) jumped 2.2 percent to 688 yen. Japan’s second-largest consumer lender by market value was raised to “hold” from “sell” by Takehiro Tsuda, an analyst at Citigroup Inc.

Renesas Electronics Corp. (6723 JT) dropped 3.6 percent to 826 yen. Japan’s second-largest chipmaker forecast a wider-than- expected net loss for this fiscal year after merging with NEC Electronics Corp. in April. It expects the loss to be 80 billion yen for the 12 months ending March 31, compared with the average 55.4 billion yen loss estimated by nine analysts. The company also plans to cut 10 percent of its workforce this business year.

Shinsei Bank Ltd. (8303 JT) climbed 8.1 percent to 80 yen, the biggest advance in the Nikkei 225. The bank said first- quarter net income jumped to 13.9 billion yen from 5.17 billion yen a year earlier as bad loan charges fell and it posted gains in trading income.

Shiseido Co. (4911 JT) slid 3.9 percent to 1,934 yen. Japan’s largest cosmetics maker swung to first-quarter net loss of 666 million yen from a year-earlier profit.

Sony Corp. (6758 JT) jumped 3.6 percent to 2,705 yen. The world’s No.3 television maker raised its full-year earnings forecasts after sales of TVs helped the company post an unexpected profit last quarter.

Sumitomo Chemical Co. (4005 JT) increased 3.6 percent to 375 yen. The chemical company raised its full-year forecast to 45 billion yen from 25 billion yen. The company said first- quarter net income was 18 billion yen, compared with a net loss of 1.51 billion yen a year earlier.

Yamato Holdings Co. (9064 JT) sank 4.6 percent to 1,072 yen. The parcel-delivery service company said first-quarter net income plunged 77 percent to 941 million yen.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net.

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