Kajima, Mitsumi, Namco, Nippon Sheet, NTT, Olympus, Terumo: Japan Stocks

Japan’s Nikkei 225 Stock Average fell 11.80, or 0.1 percent, to 9,642.12 as of the 3 p.m. 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 Glass Co. (5201 JT) advanced 2 percent to 919 yen. The glassmaker posted a return to first-half net income of 74.4 billion yen ($866 million) from a year-earlier loss as sales grew by 24 percent. The company raised its full-year operating profit forecast by 5.3 percent and increased its planned dividend for the year to 24 yen from 16 yen.

Daihatsu Motor Co. (7262 JT) leapt 5.5 percent to 1,044 yen, the highest since Aug. 3, 2009. The automaker’s target price was increased to 1,200 yen from 1,100 yen by Kurt Sanger, a Tokyo- based analyst at Deutsche Bank AG, who maintained a “buy” rating.

Fukuyama Transporting Co. (9075 JT) soared 7.7 percent to 446 yen, the biggest gain since November 2008. The ground- transportation and moving company said first-quarter operating profit gained by a quarter to 3.83 billion yen on a 15 percent advance in sales. The company raised its full-year operating profit outlook by 18 percent.

Furukawa Electric Co. (5801 JT) declined 3.1 percent to 377 yen. The wire and cable maker’s stock-price estimate was lowered to 400 yen from 480 yen by Toshiyuki Johno, an analyst at Citigroup Global Markets Japan Inc., who maintained a “hold” rating on Furukawa Electric.

Haseko Corp. (1808 JT) rose 2.8 percent to 74 yen. The general contractor said net income in the quarter ended June 30 jumped 59 percent to 2.52 billion yen.

Kajima Corp. (1812 JT) advanced 3.3 percent to 218 yen. The general contractor’s first-quarter net income more than doubled to 8.58 billion yen from 3.75 billion yen a year earlier.

Kubota Corp. (6326 JT) jumped 5.1 percent to 728 yen. The farm machinery maker and Nihon Nohyaku Co. (4997 JT) gained on expectations demand for products that help boost crop yields will increase after Russia banned exports of grain and barley because of a drought. Nihon Nohyaku, an insecticide maker, soared 8.9 percent to 429 yen, the biggest advance since May 2009.

Mitsumi Electric Co. (6767 JT) tumbled 8.3 percent to 1,289 yen, the steepest slide since January 2009. The electronic- component maker slashed its full-year net income forecast by 89 percent to 700 million yen, citing lower-than-expected demand for “amusement-related” products.

Namco Bandai Holdings Inc. (7832 JT) climbed 3.5 percent to 801 yen, rising the most since Dec. 16. The video-game developer reversed its first-half operating profit forecast to 1.5 billion yen from a 1 billion yen loss.

Nikon Corp. (7731 JT) rose 3.9 percent to 1,571 yen. The camera maker reported a first-quarter profit as global spending on single-lens reflex cameras and consumer electronics increased. The company more than doubled its first-half net income target to 9 billion yen from 4 billion yen.

Nippon Sheet Glass Co. (5202 JT) jumped 5.6 percent to 227 yen. The glassmaker forecast full-year net income of 1 billion yen, reversing a previous projection for a 4 billion yen loss.

Nippon Telegraph & Telephone Corp. (9432 JT) increased 3.2 percent to 3,735 yen. Japan’s largest phone company said first- quarter net income rose 12 percent to 155.9 billion yen.

NTT DoCoMo Inc. (9437 JT) rose 2.9 percent to 140,900 yen and Japan Communications Inc. (9424 JX) jumped 15 percent to 7,850 yen. Japan Communications, a telecommunication service company, said it will soon start a service that allows Apple Inc.’s (AAPL US) iPhone 4 to be used on the DoCoMo network.

Rakuten Inc. (4755 JQ) lost 3 percent to 63,800 yen. The Internet shopping site operator said first-half net income plunged 55 percent to 17.2 billion yen.

Rinnai Corp. (5947 JT) advanced 5.1 percent to 5,100 yen, the highest close since at least November 1982. The gas appliances maker’s first-quarter net income jumped 78 percent to 2.82 billion yen as sales increased.

Seiko Holdings Corp. (8050 JT) gained 3.6 percent to 286 yen. The watchmaker probably turned to an April-June operating profit of about 2 billion yen from a year-earlier loss of 2.8 billion yen on growing demand for computers and lower fixed costs, the Nikkei newspaper reported.

Shinsei Bank Ltd. (8303 JT) advanced 3.9 percent to 80 yen. The lender, which said in May that it would sell new shares worth as much as 100 billion yen during this fiscal year, may postpone the plan, the Asahi newspaper said, citing an interview with President Shigeki Toma. Also, Nikkei English News reported Shinsei Bank may merge two consumer finance units in the next fiscal year.

Terumo Corp. (4543 JT) slipped 3.3 percent to 4,585 yen. The medical device maker posted a 19 percent drop in first- quarter net income to 8.79 billion yen.

Thine Electronics Inc. (6769 JQ) tumbled by the daily limit of 30,000 yen, or 22 percent, to 109,000 yen, the sharpest decline since February 2003. The chip-developer said first-half net income fell to 53 million yen from 812 million yen a year earlier as sales plunged. The company slashed its full-year profit projection by about 65 percent.

United Arrows Ltd. (7606 JT) sank 5.3 percent to 1,089 yen. The apparel chain said first-quarter net income plunged 85 percent to 102 million yen, dragged down by an asset impairment charge.

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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