Japan’s Nikkei 225 Stock Average fell 22.51, or 0.2 percent, to 9,299.31 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.
Anest Iwata Corp. (6381 JT), a maker of compressors and painting machines, gained 2.3 percent to 269 yen. The company said it will cancel 1.08 percent of its outstanding shares on Sept. 27.
Central Japan Railway Co. (9022 JT), a transportation service operator, dropped 2.2 percent to 678,000 yen. The company had its 12-month share-price estimate cut to 699,000 yen from 743,000 yen at Deutsche Bank AG.
Cocokara Fine Holdings Inc. (3098 JT), a drugstore operator, rose 2.6 percent to 1,718 yen. The company almost doubled its full-year net income forecast to 6.14 billion yen from 3.1 billion yen.
East Japan Railway Co. (9020 JT), a rail operator, sank 2.4 percent to 5,360 yen, the lowest close since April 2009. The company was cut to “hold” from “buy” at Deutsche Bank AG.
H.I.S. Co. (9603 JT), Japan’s largest listed travel agency by revenue, tumbled 9.6 percent to 1,760 yen, the sharpest drop since April 2009. The company cut its full-year forecast for operating profit by 12 percent to 6.3 billion yen ($75.3 million), because of price competition. The company reported net income for the nine months ended July 31 slumped 61 percent to 640 million yen.
Konishi Co. (4956 JT), a producer of adhesives and sealing materials, advanced 3.3 percent to 986 yen. The company forecast first-half net income will increase to 1.11 billion yen from 692 million yen a year earlier. The company had earlier projected a profit of 640 million yen.
Nidec Tosok Corp. (7728 JT), a precision machinery maker, jumped 4.3 percent to 1,875 yen. The company said it will conduct a 2-for-1 stock split.
Sojitz Corp. (2768 JT), a trading company, climbed 2.7 percent to 150 yen. The company said it will ally with Arshiya International Ltd. (ARST IN), India’s largest logistics company, on a distribution business in the region.
Sumco Corp. (3436 JT), a maker of silicon wafers for semiconductors, retreated 4.4 percent to 1,253 yen, a level not seen since March 2009. The company had its share-price estimate reduced to 1,170 yen from 1,900 yen at Credit Suisse Group AG.
Tabio Corp. (2668 JO), a maker of socks, pantyhose and tights, lost 2 percent to 593 yen, the lowest since September 2005. The company had 114 million yen in net loss for the six months to Aug. 31, wider than its forecast of a 20 million yen loss, according to a preliminary earnings statement.
Zeon Corp. (4205 JT), a maker of synthetic rubber, plunged 5.5 percent to 624 yen. Kunihiko Kanno, an analyst at Credit Suisse Group AG, said in a report that the company’s market share of films used for liquid crystal display televisions fell more than expected.