Brother, Fujikura, Mitsui, Nomura, Point, Ricoh, Shionogi: Equity Movers

Japan’s Nikkei 225 Stock Average rose 123.70, or 1.3 percent, to 9,694.01 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.

Asahi Kasei Corp. (3407 JT) gained 2.9 percent to 465 yen. The chemicals company increased net income forecast for the six months ending Sept. 30 by 77 percent to 23 billion yen ($265.7 million).

Brother Industries Ltd. (6448 JT) advanced 4.8 percent to 987 yen. The office-equipment maker said first-quarter net income jumped to 8.74 billion yen ($101 million) from 3.4 billion yen a year earlier as sales climbed.

Daito Trust Construction Co. (1878 JT) rallied 7.7 percent to 4,970 yen, the biggest gain since May 2009. The builder posted 5.81 billion yen in net income for the three months ended June 30, compared with a loss of 172 million yen a year earlier. Sales climbed 20 percent.

Fuji Kiko Co. (7260 JT) surged 24 percent to 273 yen. The autoparts maker forecast full-year net income will more than double to 2.8 billion yen from 1.18 billion yen a year ago. That’s 87 percent higher than the company’s earlier projection.

Fujikura Ltd. (5803 JT) climbed 2.7 percent to 422 yen. The cable maker increased its full-year net income forecast 21 percent to 8.5 billion yen, citing tax expenses.

Funai Electric Co. (6839 JO) retreated 3.1 percent to 3,010 yen. The maker of audio-visual equipment had 433 million yen in first-quarter net income, down from 3.17 billion yen a year ago.

Japan Steel Works Ltd. (5631 JT) dropped 2 percent to 828 yen. The maker of specialized steel products and machinery reported a 15 percent drop in first-quarter net income to 2.9 billion yen with lower sales.

Mitsui & Co. (8031 JT) gained 4.4 percent to 1,158 yen. The trading company and Hyflux Ltd. (HYF SP) said they will form a venture, Galaxy NewSpring Pte, to offer 78 Singapore cents a share to delist Hyflux Water Trust (HYFT SP).

Mitsui said quarterly profit gained 79 percent as higher prices for iron ore boosted its metals revenue.

Nikkiso Co. (6376 JT) plunged 12 percent to 595 yen, falling the most since July 1991. The medical-equipment maker forecast full-year operating profit will fall to 5.6 billion yen from 5.66 billion yen a year earlier because of stronger yen. The company had earlier projected the profit will rise to 6.3 billion yen.

Nippon Soda Co. (4041 JT) jumped 5.9 percent to 325 yen. The chemical-products maker boosted net income forecast for the six months ending Sept. 30 by 41 percent to 2.4 billion yen.

Nomura Holdings Inc. (8604 JT) advanced 3.7 percent to 506 yen. Japan’s biggest brokerage was raised to “buy” from “hold” at Citigroup Global Markets Japan Inc.

Point Inc. (2685 JT) rose 2.9 percent to 4,485 yen. The apparel chain said same-store sales increased 1.9 percent in July with a 4.5 percent rise in customer traffic, compared with the same period a year ago. The average spending per customer dropped 2.5 percent during the period.

Ricoh Co. (7752 JT) sank 3.2 percent to 1,194 yen. The maker of office equipment maintained its full-year net income forecast at 35 billion yen, lower than the median estimate of 45.1 billion yen by 16 analysts surveyed by Bloomberg. The company cut its first-half sales forecast by 0.6 percent.

Shionogi & Co. (4507 JT) declined 3.1 percent to 1,618 yen. The drugmaker had its rating reduced to “neutral” from “outperform” at Credit Suisse Group.

Sumitomo Corp. (8053 JT) gained 3.8 percent to 1,016 yen. The trading company was boosted to “strong buy” from “above average” at Tokai Tokyo Securities Co.

Toyo Suisan Kaisha Ltd. (2875 JT) lost 2.2 percent to 1,716 yen, the lowest since April 2008. The seafood company was lowered to “hold” from “buy” at Citigroup Global Markets Japan Inc.

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

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