Fuji, Heavy, Hamamatsu, Mazda, Nidec, Nikon, Sumitomo Trust: Japan Stocks

Japan’s Nikkei 225 Stock Average rose 78.86, or 0.9 percent, to 9,240.54 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.

MSCI index shares: Hamamatsu Photonics K.K. (6965 JT), a maker of electron tubes and semiconductors, was among companies that will be added to MSCI Inc.’s World Index. The adoption will be made as of the trading close on Aug. 31, MSCI said on its Web site dated yesterday in Geneva. Hamamatsu Photonics jumped 6.4 percent to 2,606 yen.

ABC-Mart Inc. (2670 JT) rallied 4.8 percent to 2,801 yen. MSCI boosted the shoe retailer’s weight of the Foreign Inclusion Factor, so-called FIF, to 35 percent from 30 percent, Daiwa Securities Capital Markets Co. today said in a report, citing data it compiled based on the MSCI announcement.

Ain Pharmaciez Inc. (9627 JT) plunged 10 percent to 2,753 yen, the biggest drop since at least April 2009. The drugstore operator plans to raise as much as 5.8 billion yen ($68 million) by selling shares to the public and to Seven & I Holdings Co. (3382 JT), according to a statement. Seven & I rose 1.4 percent to 2,054 yen.

Fuji Heavy Industries Ltd. (7270 JT) advanced 2.6 percent to 483 yen. The maker of Subaru cars was lifted to “buy” from “hold” by Andrew Phillips, an analyst at BNP Paribas.

Inpex Corp. (1605 JT) jumped 4.6 percent to 396,000 yen. Japan’s biggest energy explorer was raised to “neutral” from “sell” by Benjamin Wedmore, a Tokyo-based analyst at MF Global Ltd.

JVC Kenwood Holdings Inc. (6632 JT) gained 4.2 percent to 248 yen. The maker of audio equipment will form a capital alliance with Hibino Corp. (2469 JQ), a concert organizer, the Yomiuri newspaper reported. Hibino rose 1.5 percent to 410 yen.

Kinki Sharyo Co. (7122 JT), a train maker, rallied 5.8 percent to 419 yen, after jointly winning a train-car order from Egypt with Toshiba Corp. (6502 JT) and Mitsubishi Corp. (8058 JT). Toshiba added 0.5 percent to 419 yen. Mitsubishi advanced 2.5 percent to 1,885 yen.

Nidec Corp. (6594 JO) increased 3.4 percent to 7,390 yen. The maker of precision motors said it plans to buy Emerson Electric Co.’s (EMR US) motors & controls business. Financial terms of the transaction weren’t disclosed.

Sumitomo Trust & Banking Co. (8403 JT) leapt 3.3 percent to 468 yen. Chuo Mitsui Trust Holdings Inc. (8309 JT) rose 2 percent to 313 yen. The lenders may set a merger ratio, Nikkei English News reported. Under the plan, a new Sumitomo Mitsui Trust Holdings Inc. will be formed, Nikkei said.

Yokohama Rubber Co. (5101 JT) advanced 3.1 percent to 430 yen. Japan’s third-biggest tiremaker was boosted to “neutral plus” from “neutral” by Satoru Takada, an analyst at Tokyo- based Toward the Infinite World Inc.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

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