House Has Enough Votes to Pass Budget Easing $63 Billion in Cuts
Capcom, FCC, Nippon Electric, Tokyu, Toyota Boshoku, UKC: Japanese Stocks
Japan’s Nikkei 225 Stock Average fell 34.99, or 0.4 percent, to 9,161.68 as of the close in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Asahi Breweries Ltd. (2502 JT) gained 2.7 percent to 1,648 yen. The brewer’s stock-price estimate was boosted to 2,030 yen from 1,980 yen by Hiroshi Saji, an analyst at Mizuho Securities Co., who maintained an “outperform” rating.
Capcom Co. (9697 JT) rose 1.6 percent to 1,248 yen. The game software developer will enter a social network game operation in the U.S. and Europe, the Nikkei newspaper reported. Capcom will next month start distributing games for Apple Inc.’s (AAPL US) iPhones via social networking site Facebook, the report said.
FCC Co. (7296 JT) rose 2.4 percent to 1,740 yen. The clutch maker was raised to “ buy” from “neutral” by Hisahiro Yamaoka, an analyst at Nomura Holdings Inc., who cited growing demand for two-wheel vehicles in emerging markets.
Japan Petroleum Exploration Co. (1662 JT) declined 3.5 percent to 3,170 yen, the lowest close since its listing in December 2003. The nation’s second-biggest oil driller had its stock-price estimate lowered to 4,900 yen from 5,300 yen by Shigeki Matsumoto, an analyst at Nomura Holdings Inc., who maintained a “buy” rating.
Nippon Electric Glass Co. (5214 JT) lost 3.7 percent to 963 yen, the lowest close since Nov. 5, and Asahi Glass Co. (5201 JT) slid 1.1 percent to 830 yen. The glassmakers had their stock ratings lowered to “hold” from “buy” by Atsushi Ikeda, a Tokyo-based analyst at Citigroup Inc.
Toyota Boshoku Corp. (3116 JT) sank 3.5 percent to 1,229 yen, the lowest close since June 2009. The parts affiliate of Toyota Motor Corp. (7203 JT) was cut to “neutral” from “buy” by Hisahiro Yamaoka, an analyst at Nomura Holdings Inc.
UKC Holdings Corp. (3156 JT) slumped 5 percent to 951 yen, the lowest close since its listing of Oct. 1. The wholesaler of semiconductors and electronics parts plans to raise as much as 2 billion yen ($23.5 million) by selling shares to the public, the company said.