Elpida, Don Quijote, Dydo Drinco, Nidec, Tokyo Electron: Japanese Stocks

Japan’s Nikkei 225 Stock Average rose 122.14, or 1.3 percent, to 9,362.68 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.

Chip-related companies: Tokyo Electron Ltd. (8035 JT), Elpida Memory Inc. (6665 JT) and other chip-related companies gained after Applied Materials Inc. (AMAT US), the world’s largest producer of chipmaking equipment, forecast fourth- quarter profit that beat analysts’ estimates as memory- chipmakers order gear to expand their output. Also, the Semiconductor Equipment Association of Japan said the nation’s chip-making equipment book-to-bill ratio, a benchmark used as a measure of industry health, rose to 1.53 in July from 1.40 in June.

Tokyo Electron, the world’s second-largest maker of semiconductor equipment, gained 5.3 percent to 4,370 yen. Elpida, the world’s third-biggest maker of memory chips, leapt 3.9 percent to 1,127 yen. Ibiden Co. (4062 JT), a maker of printed circuit boards, rose 2.5 percent to 2,250 yen. Tokyo Seimitsu Co. (7729 JT), a chip manufacturing equipment maker, jumped 5.1 percent to 1,109 yen. Shinko Electric Industries Co. (6967 JT), a maker of semiconductor packages, increased 4.7 percent to 958 yen.

Daikin Industries Ltd. (6367 JT) rose 3.3 percent to 3,165 yen. The world’s second-biggest air conditioner maker plans to raise its full-year earnings forecasts after hot summer temperatures in Japan and Europe boosted sales.

Don Quijote Co. (7532 JT) slumped 3.8 percent to 2,225 yen, the biggest drop since Nov. 12. The discount retailer forecast first-half net income will fall by 6.6 percent to 5.7 billion yen ($67 million). The company expects a 13 percent increase in net income to 11.6 billion yen this fiscal year.

Dydo Drinco Inc. (2590 JT) lost 1.6 percent to 3,100 yen. The beverage maker said in a preliminary earnings statement first-half net income totaled 600 million yen, short of its outlook by 29 percent, citing a charge from a drop in the value of its investment securities.

Estore Corp. (4304 JX) jumped 7.2 percent to 97,000 yen. The provider of support services for electronic commerce companies said it will repurchase up to 4.45 percent of its total shares.

Fuji Electric Holdings Co. (6504 JT) advanced 3.3 percent to 221 yen. The maker of heavy electric machinery boosted its fiscal 2011 sales target for the semiconductor operations to 100 billion yen from 90 billion yen, the Nikkei newspaper reported.

Nidec Corp. (6594 JO) gained 4.6 percent to 7,730 yen. The world’s biggest maker of disk-drive motors plans to buy a company by March 2012 to help it meet its 1 trillion yen sales target for the year ending March 2013, President Shigenobu Nagamori told reporters in Tokyo.

Nitto Denko Corp. (6988 JT) rose 1.7 percent to 2,943 yen. The chemical products maker said July sales rose 8 percent from a year earlier, according to a preliminary report on its Web site.

TDK Corp. (6762 JT) rose 2.9 percent to 4,660 yen. Standard & Poor’s revised TDK’s outlook to stable from negative and affirmed the company’s “A+” long-term and “A-1” short-term ratings.

Tokyo Rope Manufacturing Co. (5981 JT) advanced 6.6 percent to 195 yen. The maker of wires and ropes said it will buy back as much as 1.37 percent of its outstanding shares.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Kana Nishizawa in Tokyo at 8374 or knishizawa5@bloomberg.net;

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