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Canon, Dydo, Nippon Steel, JVC Kenwood, Fast Retail: Japan Equity Movers

Japan’s Nikkei 225 Stock Average rose 274.33, or 3.1 percent, to 9,265.39 as of the 11 a.m. trading break in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Steelmakers: BHP Billiton Ltd. (BHP AU) and major Japanese steelmakers may have agreed on a reduction of between 4 percent and 10 percent on coking coal prices in the fourth quarter, Nikkei English News reported. Nippon Steel Corp. (5401 JT), Japan’s largest steelmaker, climbed 2.8 percent to 291 yen. JFE Holdings Inc. (5411 JT), the nation’s No. 2 mill, increased 3.6 percent to 2,650 yen. Kobe Steel Ltd. (5406 JT) gained 2.8 percent to 183 yen.

Canon Inc. (7751 JT) increased 3.7 percent to 3,630 yen. The camera maker may estimate goodwill coming from its acquisition of Oce NV, which makes large-format and high-volume printing equipment, at about 90 billion yen ($1.05 billion), Nikkei English News reported.

Fast Retailing Co. (9983 JT) increased 2.7 percent to 12,170 yen. The retail operator plans to open its biggest g.u. low-cost clothing store in Osaka in mid-October, Nikkei English News said.

Imasen Electric Industrial Co. (7266 JT) gained 3.3 percent to 1,098 yen. The autoparts maker will spend $20 million to build a new plant in the U.S., the company said.

JVC Kenwood Holdings Inc. (6632 JT) jumped 6.9 percent to 234 yen. The maker of audio equipment will form a liquid-crystal display joint venture with Taiwan’s AmTRAN Technology Co. (2489 TT), the Taipei-based company said in an e-mailed statement.

Mitsubishi Chemical Holdings Corp. (4188 JT) gained 2.2 percent to 423 yen. The chemicals maker’s unit plans to build a bioplastic plant in Thailand with the nation’s state-owned PTT Plc in 2013, Nikkei English News reported.

NEC Corp. (6701 JT) increased 2.8 percent to 222 yen. Japan’s largest maker of personal computers will enter the U.S. market for medical information technology as President Barack Obama’s health-care reform increases demand for preventive care, Nikkei English News reported.

NSK Ltd. (6471 JT) rose 4.3 percent to 540 yen. The bearing maker is aiming to boost sales in China to 100 billion yen in the year through March 2013, Nikkei English News reported, citing President Norio Otsuka.

Sega Sammy Holdings Inc. (6460 JT) increased 1.8 percent to 1,327 yen. The video-game maker said it will make three units wholly owned to strengthen its competitiveness as the economy slows. Sega Sammy will pay 333 shares for each of Sammy Networks Co. (3745 JT), 0.33 of a share for each of Sega Toys Co. (7842 JQ), and 0.26 for each of TMS Entertainment Ltd. (3585 JN). The transaction will be effective Dec. 1, the companies said in a joint statement to the Tokyo Stock Exchange.

Sega Toys surged 25 percent to 400 yen. Sammy Networks and TMS were untraded.

Seiko Epson Corp. (6724 JT) gained 2.7 percent to 1,141 yen. The printer maker was rated “buy” in new coverage by BNP Paribas. The share price estimate was set at 1,310 yen.

Sojitz Corp. (2768 JT) climbed 2.9 percent to 142 yen. The trading company will take part in a Chinese government project in Hebei province to build a large industrial park, Nikkei English News reported.

Tosoh Corp. (4042 JT) rose 3.7 percent to 225 yen, Suminoe Textile Co. (3501 JT) increased 2.9 percent to 142 yen and Saint-Care Holding Corp. (2374 JQ) was unchanged at 46,800 yen. The companies will receive about 2 billion yen in soft loans from the Development Bank of Japan, Nikkei English News reported.

Ushio Inc. (6925 JT) increased 3.5 percent to 1,490 yen. The maker of optical equipment and lamps was rated “outperform” in new coverage by Cosmo Securities Co. The target share price was set at 1,800 yen.

To contact the reporters on this story: Monami Yui in Tokyo at myui1@bloomberg.net; Anna Kitanaka in Tokyo at akitanaka@bloomberg.net

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