Aiful, Cosmo Oil, Dai-ichi Life, Dentsu, Meiji, Sharp, Tosoh: Japan Stocks

Japan’s Nikkei 225 Stock Average fell 80.26, or 0.9 percent, to 9,212.59 at 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.

Citizen Holdings Co. (7762 JT) dropped 6.5 percent to 459 yen, the lowest since July 2009. The watchmaker forecast annual net income of 6.5 billion yen ($76 million), missing analyst estimates according to Bloomberg data. Separately, Goldman Sachs Group Inc. reduced its share price target to 690 yen from 720 yen, while maintaining its “buy” rating.

Cosmo Oil Co. (5007 JT) slid 2.4 percent to 204 yen. The refiner was cut to “market perform” from “outperform” by Reiji Ogino, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co.

Dai-ichi Life Insurance Co. (8750 JT) tumbled 5.7 percent to 108,000 yen, its lowest close on record. Japan’s No. 2 life insurer said first-quarter net income fell to 10.4 billion yen from 29.6 billion yen a year earlier.

Dai-ichi Seiko Co. (6640 JQ) surged 9.7 percent to 3,340 yen. The maker of electronic and auto parts said first-quarter net income rose 55 percent to 1.56 billion yen from a year earlier.

Dentsu Inc. (4324 JT) declined 3.6 percent to 2,013 yen. Japan’s largest advertising company cut its full-year profit forecast by 10 percent to 22.8 billion yen.

Dr Ci:Labo Co. (4924 JT) climbed 2.7 percent to 262,100 yen. The cosmetics developer was rated “buy” in new coverage by James Moon, an analyst at BNP Paribas.

Japan Tobacco Inc. (2914 JT) retreated 2 percent to 274,000 yen. The world’s third-largest publicly traded cigarette maker said the percentage of Japanese who smoke fell to 23.9 percent in 2010 from 24.9 percent in 2009, citing the results of a survey.

Kikkoman Corp. (2801 JT) dropped 2.6 percent to 892 yen, its lowest close since May 2009. The soy-sauce maker was cut to “neutral” from “above average” by Tomonobu Tsunoyama, an analyst at Tokai Tokyo Securities Co.

Meiji Holdings Co. (2269 JT) rose 2.6 percent to 3,800 yen. The manager of subsidiaries making dairy products said first- quarter net income more than doubled to 3.78 billion yen from 1.85 billion yen a year earlier.

Round One Corp. (4680 JT) tumbled 10 percent to 341 yen, its lowest close since September 2001. The bowling-alley operator was cut to “neutral” from “buy” by Seiichiro Samejima, an analyst at Ichiyoshi Securities Co.

Tosoh Corp. (4042 JT) dropped 3.9 percent to 223 yen. The chemical maker was cut to “underperform” from “neutral” by Masami Sawato, a Tokyo-based analyst at Credit Suisse Group AG.

Trend Micro Inc. (4704 JT) sank 3.9 percent to 2,261 yen, its lowest close since March 2009. The world’s third-biggest maker of security software reported 6.77 billion yen in first- half net income, down 24 percent from a year earlier.

To contact the reporters for this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net; Monami Yui in Tokyo at myui1@bloomberg.net.

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