Steelmakers, GS Yuasa, Kyodenko, Mazda, Ryoyo, Toshiba, Zeon: Stock Movers

Japan’s Nikkei 225 Stock Average rose 102.96, or 1.2 percent, to 8,927.02 as of the 3 p.m. close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Shipping lines: Morgan Stanley increased its share-price estimates for Japan’s top 3 shipping lines. Nippon Yusen K.K. (9101 JT) rallied 1.9 percent to 330 yen. Mitsui O.S.K. Lines Ltd. (9104 JT) gained 1 percent to 533 yen. Kawasaki Kisen Kaisha Ltd. (9107 JT) rose 1.3 percent to 317 yen.

Steelmakers: Japanese steelmakers, the world’s second- largest producers of the metal, won a 7 percent cut in quarterly coking coal prices, the first reduction this year, from BHP Billiton Ltd. (BHP AU), according to UBS AG. Kobe Steel Ltd. (5406 JT) advanced 2.9 percent to 179 yen. Nippon Steel Corp. (5401 JT) gained 1.1 percent to 280 yen. JFE Holdings Inc. (5411 JT) rose 1.9 percent to 2,528 yen.

Chiyoda Corp. (6366 JT) leapt 5.2 percent to 611 yen. The plant engineering company was raised to “outperform” from “market perform” at Mitsubishi UFJ Morgan Stanley Securities Co.

GS Yuasa Corp. (6674 JT) surged 6.9 percent to 529 yen, the biggest gain since Feb. 12. The maker of storage batteries was rated “strong outperform” in new coverage at Mitsubishi UFJ Morgan Stanley Securities Co.

Hitachi Ltd. (6501 JT) advanced 2.4 percent to 348 yen. The electronics maker may plan an initial public offering of its hard-drive unit by the end of the year, Reuters said, citing several people it said were familiar with the situation. Hitachi later said it had not made any decision on an IPO.

Hulic Co. (3265 JT) rose 2.4 percent to 592 yen. The real- estate company boosted its full-year net income forecast 62 percent to 10.5 billion yen ($124 million).

JX Holdings Inc. (5020 JT) climbed 3.3 percent to 438 yen. JX Nippon Oil & Energy Corp., Japan’s largest refiner that’s owned by JX Holdings, will increase crude oil processing in September by 1 percent from a year earlier to 6.3 million kiloliters because of steady export demand, senior vice president Tsutomu Sugimori said in Tokyo.

Kyudenko Corp. (1959 JT) advanced 2.1 percent to 439 yen. The builder of power-transmission facilities said it will repurchase as much as 1.34 percent of its outstanding shares for up to 500 million yen.

Mazda Motor Corp. (7261 JT) dropped 2.1 percent to 184 yen, the lowest close since Nov. 30. The automaker was lowered to “hold” from “buy” at Citigroup Global Markets Japan Inc.

Sumitomo Corp. (8053 JT) increased 2.5 percent to 987 yen. Japan’s third-largest trading company agreed to pay Rex Energy Corp. (REXX US) about $140 million for a 30 percent stake in a gas venture in the Marcellus Shale region in the U.S.

Terumo Corp. (4543 JT) gained 3.5 percent to 4,305 yen. The medical device maker was raised to “buy” from “hold” at Citigroup Global Markets Japan Inc.

Toshiba Corp. (6502 JT) retreated 2 percent to 387 yen, the lowest close since July 2009. Japan’s biggest supplier of nuclear reactors had its rating reduced to “neutral” from “outperform” at Mizuho Securities Co.

Toyo Engineering Corp. (6330 JT) jumped 6.3 percent to 254 yen, the most since Sept. 29. The engineering company was increased to “strong outperform” from “outperform” at Mitsubishi UFJ Morgan Stanley Securities Co.

Toyota Tsusho Corp. (8015 JT) plunged 6.1 percent to 1,129 yen. The price of shares sold by Toyota Tsusho’s shareholders to the public will be determined based on stock prices between today and Sept. 3, the Toyota Motor Corp. (7203 JT) trading unit said in a statement on Aug. 24. The company’s shareholders will sell as many as 13.7 million shares to the public, according to the statement. Toyota slid 0.1 percent to 2,857 yen.

Zeon Corp. (4205 JT) rose 3.2 percent to 584 yen. Mitsubishi UFJ Morgan Stanley Securities Co. initiated coverage of the maker of synthetic rubber at “strong outperform.”

To contact the reporter on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

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