All Nippon, Elpida, Hitachi, Honda, Kawasaki Heavy, Shionogi: Japan Stocks

Japan’s Nikkei 225 Stock Average rose 33.01, or 0.4 percent, to 9,570.31 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) climbed 2.4 percent to 300 yen. Asia’s second-largest carrier by sales said its first- quarter net loss narrowed to 5.25 billion yen ($61 million) from 29.2 billion yen a year earlier as an economic recovery boosted travel demand. The carrier may select partners to set up a new, low-cost carrier as early as next month, Nikkei English News said, without citing anyone.

Elpida Memory Inc. (6665 JT) plunged 7.8 percent to 1,199 yen, the lowest close since Dec. 2. The maker of computer-memory chips was cut to “neutral” from “buy” at Goldman Sachs Group Inc.

Fuji Electric Holdings Co. (6504 JT) dropped 5 percent to 228 yen. The maker of heavy electric equipment slashed its net income forecast for the six months ending Sept. 30 by 56 percent to 3.5 billion yen.

Hitachi Ltd. (6501 JT) rose 4.3 percent to 367 yen. The electronics and industrial group raised its first-half profit forecast by 82 percent to 100 billion yen. The company also reported first-quarter net income of 86.1 billion yen, reversing an 82.7 billion yen net loss a year earlier.

Honda Motor Co. (7267 JT) jumped 4 percent to 2,818 yen. Japan’s second-largest automaker raised its full-year profit forecast by 34 percent to 455 billion yen as vehicle demand in the U.S. and Asia recovered from a global recession. Honda will cancel 1.3 percent of its outstanding shares on Aug. 6, according to a statement to the Tokyo Stock Exchange.

IHI Corp. (7013 JT) jumped 4.6 percent to 159 yen. Japan’s second-largest maker of heavy machinery boosted net income forecast for the six months to Sept. 30 by 60 percent to 8 billion yen.

Kawasaki Heavy Industries Ltd. (7012 JT) surged 6.5 percent to 230 yen, the sharpest increase since Aug. 13 last year. Japan’s third-largest maker of heavy machinery said first- quarter net income totaled 5.88 billion yen, compared with a net loss of 1.72 billion yen a year earlier.

Konica Minolta Holdings Inc. (4902 JT) tumbled 5.6 percent to 859 yen, falling the most since Aug. 7 last year. The maker of film used in liquid-crystal displays had its 12-month share price estimate cut to 1,050 yen from 1,490 yen at Mitsubishi UFJ Morgan Stanley Securities Co.

Leopalace21 Corp. (8848 JT) plummeted 14 percent to 165 yen, the lowest close since its listing on the Tokyo Stock Exchange in March 2004. The real estate company posted net loss of 13.6 billion yen for the three months ended June 30, compared with a 5.23 billion yen loss a year earlier.

Minebea Co. (6479 JT) sank 4.8 percent to 454 yen. The ball-bearing maker had its 12-month share price estimate reduced to 520 yen from 560 yen at Goldman Sachs Group Inc.

NGK Spark Plug Co. (5334 JT) rose 3.3 percent to 1,154 yen. The maker of ceramic products returned to a net profit of 7.72 billion yen in the three months ended June 30 from a loss of 2.41 billion yen a year earlier.

NOK Corp. (7240 JT) leapt 4.7 percent to 1,482 yen. The maker of oil seals and rubber products boosted its full-year net income forecast 47 percent to 21.7 billion yen, citing rising car sales and stronger demand for hard disk drives and digital audio equipment.

NTN Corp. (6472 JT) advanced 3.2 percent to 387 yen. The bearing maker raised its full-year net income forecast to 13.5 billion yen from 9.5 billion yen. NTN plans to pay a year-end dividend of 10 yen, higher than what it paid a year earlier.

Okuma Corp. (6103 JT) plunged 5.4 percent to 492 yen. The machinery maker’s first-quarter net loss widened to 2.43 billion yen from 1.8 billion yen a year earlier.

Sega Sammy Holdings Inc. (6460 JT) surged 5.1 percent to 1,335 yen, the biggest gain since Oct. 8. The video-game maker more than tripled its first-half net income forecast to 17 billion yen from 5.5 billion yen.

Seiko Epson Corp. (6724 JT) soared 10 percent to 1,249 yen, the sharpest advance since November 2008. The printer maker posted first-quarter net income of 7.94 billion yen, compared with a 22.4 billion yen net loss a year earlier.

Shionogi & Co. (4507 JT) plunged 5.3 percent to 1,669 yen, the steepest slide since February 2009. The drugmaker cut its full-year net income forecast 7.7 percent to 36 billion yen.

Sumitomo Corp. (8053 JT) leapt 6.6 percent to 979 yen, climbing the most since March 2009. The trading company’s stock rating was raised to “buy” from “neutral” at Nomura Holdings Inc.

Sumitomo Heavy Industries Ltd. (6302 JT) plunged 7.9 percent to 466 yen, the sharpest drop since May 2009. The heavy machinery maker said sales for the three months ended June 30 declined 14 percent to 109 billion yen.

Tokuyama Corp. (4043 JT) advanced 4.4 percent to 453 yen. The chemical maker raised its net income outlook for the six months to Sept. 30 by 17 percent to 3.5 billion yen.

Toyo Suisan Kaisha Ltd. (2875 JT) slumped 6 percent to 1,755 yen, the lowest close since April 2008. The seafood company said first-quarter net income declined 23 percent to 4 billion yen on lower sales.

Ube Industries Ltd. (4208 JT) tumbled 6 percent to 203 yen, the biggest decline since April 2009, after the chemical products maker maintained its full-year net income forecast at 14.5 billion yen, lower than the median estimate of 16.3 billion yen by 12 analysts surveyed by Bloomberg.

Ushio Inc. (6925 JT) jumped 5.6 percent to 1,550 yen, the largest advance since Dec. 3. The maker of lamps and optical equipment was increased to “buy” from “neutral” at Nomura Holdings Inc.

Yamaha Corp. (7951 JT) rallied 4.4 percent to 1,001 yen. The manufacturer of musical instruments projected net income for the six months ending Sept. 30 will be 4 billion yen, up 14 percent from its earlier forecast of 3.5 billion yen.

Yamato Kogyo Co. (5444 JT) fell 3.3 percent to 2,038 yen, the lowest close since March 2009. The steelmill operator had its 12-month share price estimate lowered to 2,930 yen from 3,830 yen at Nomura Holdings Inc.

To contact the reporters on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net; Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.