Kenedix, Mitsubishi Materials, MS&AD, Panasonic, Toray: Japanese Stocks

Japan’s Nikkei 225 Stock Average rose 40.87, or 0.4 percent, to 9,253.46 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.

CSK Holdings Corp. (9737 JT) plunged 7.3 percent to 304 yen, the lowest close since April 2009. The computer-services company posted an 8.33 billion yen ($97.2 million) net loss in the three months ended June 30. Sales declined 22 percent.

Dai-ichi Life Insurance Co. (8750 JT) sank 4.5 percent to 103,100 yen. Japan’s No. 2 life insurer was downgraded to “neutral” from “overweight” by Natsumu Tsujino, an analyst at JPMorgan Chase & Co.

JX Holdings Inc. (5020 JT) rose 3.1 percent to 469 yen. The refiner plans to increase its coal business by 25 percent to supply Japanese users with about 10 million metric tons a year within several years and is considering buying stakes in mines in Australia and Indonesia, Dow Jones reported, citing Susumu Hara, general manager of the company’s Energy Solution Department 1.

Kenedix Inc. (4321 JT) jumped 4.7 percent to 15,230 yen. The property investor had a first-half net loss of 535 million yen, compared with a loss of 8.84 billion yen a year earlier.

Meiji Holdings Co. (2269 JT) rose 4 percent to 3,950 yen, the highest close since August 2009. The manager of subsidiaries making dairy products was raised to “outperform” from “neutral” by Tokushi Yamasaki, an analyst at Daiwa Securities Group Inc.

Mitsubishi Materials Corp. (5711 JT) rallied 2.9 percent to 248 yen. Japan’s third-largest copper producer was upgraded to “buy” from “neutral” by Eric Nishimura, an analyst at Goldman Sachs Group Inc.

MS&AD Insurance Group Holdings Inc. (8725 JT) climbed 4.4 percent to 1,992 yen. The insurance company said it plans to buy back up to 1.1 percent of its shares. Separately, the company said first-quarter net income rose 29 percent to 41.4 billion yen from a year earlier. The company was also raised to “overweight” from “neutral” by Natsumu Tsujino, an analyst at JPMorgan Chase & Co.

Nissin Healthcare Food Service Co. (4315 JQ) surged 26 percent to 1,450 yen, the highest close since October 2007. The catering company said it will be bought out by a unit of Watakyu Seimoa Corp. for 1,740 yen a share.

Panasonic Corp. (6752 JT) increased 2 percent to 1,086 yen. The electronics maker was raised to “buy” from “neutral” by Takashi Watanabe, an analyst at Goldman Sachs Group Inc.

Sawai Pharmaceutical Co. (4555 JT) advanced 5.6 percent to 7,880 yen. The drugmaker’s share-target was upgraded to “outperform” from “neutral” by Katsuhiko Suzuki, an analyst at Mizuho Securities Co.

Sony Financial Holdings Inc. (8729 JT) lost 5.5 percent to 281,200 yen. The insurance and banking unit of Sony Corp. (6758 JT) said first-quarter net income fell 17 percent from a year earlier to 10.4 billion yen.

Sparx Group Co. (8739 JQ) lost 4.9 percent to 7,610 yen. The hedge-fund manager said its first-quarter net loss widened to 707 million yen.

Toray Industries Inc. (3402 JT) rose 3.1 percent to 473 yen. The synthetic-fiber maker was increased to “outperform” from “neutral” by Masami Sawato at Credit Suisse Group AG.

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

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