DCM, Mizuho, Onkyo, Point, Sega Sammy, Sotetsu, Toyo Seikan: Japan Stocks

Japan’s Nikkei 225 Stock Average rose 34.88, or 0.4 percent, to 9,404.23 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.

Banks: Morgan Stanley MUFG Securities Co. cut its ratings on Resona Holdings Inc. (8308 JT) and Mizuho Financial Group Inc. (8411 JT) to “underweight” from “equal weight.” Resona slumped 2.5 percent to 730 yen, the lowest close since June 2003. Mizuho declined 2.5 percent to 119 yen, the lowest close since August 2003.

DCM Holdings Co. (3050 JT), a home-center chain operator, leapt 6.6 percent to 423 yen, the sharpest increase since March 2009. The company will spend as much as 2 billion yen ($23.9 million) to buy back up to 1.62 percent of its outstanding shares.

Godo Steel Ltd. (5410 JT), a steelmaker, fell 4.5 percent to 170 yen. The company booked 2.4 billion yen in net loss for the six months to Sept. 30, missing its forecast of a 1.4 billion yen profit, according to a preliminary earnings statement.

Hitachi Chemical Co. (4217 JT), a chemical maker, fell 3 percent to 1,511 yen. UBS AG cut its rating on the company to “neutral” from “buy.”

Miraito Holdings Corp. (1417 JT), a telecommunication engineering company, traded at 553 yen. The company was listed on the Tokyo Stock Exchange today.

Nikon Corp. (7731 JT), a camera maker, advanced 1.7 percent to 1,574 yen. The company may report a consolidated operating profit of about 14 billion yen for the April-to-September half, Nikkei English News reported, without saying how it obtained the information. The company posted a loss of 19.5 billion yen a year ago.

Nippon Kayaku Co. (4272 JT), a chemicals maker, increased 2.1 percent to 831 yen. The company raised its forecast of operating profit for the six months to Nov. 30 by 20 percent to 10 billion yen.

Ochi Holdings CO. (3166 JF), a wholesaler of housing construction materials and equipment, was untraded with the latest offer at 830 yen. The stock was listed on the Fukuoka Stock Exchange today.

Onkyo Corp. (6628 JQ), a maker of audio and home theater systems, traded at 120 yen. The company was listed on the Jasdaq Securities Exchange today.

OSG Corp. (6136 JT), a maker of machine tools, advanced 2.6 percent to 837 yen. The company said it will spend as much as 1 billion yen to repurchase up to 1.15 percent of its outstanding shares.

Point Inc. (2685 JT), an apparel chain, plunged by the daily limit of 700 yen, or 18 percent, the biggest drop on record. The company reduced its net income forecast for the year ending Feb. 28 by 21 percent to 7.8 billion yen. The first-half profit dropped 19 percent. The company had its rating lowered at UBS AG, Goldman Sachs Group Inc., Deutsche Bank AG. and Nomura Holdings Inc.

Sega Sammy Holdings Inc. (6460 JT), a video-game maker, jumped 1.5 percent to 1,295 yen. The company boosted its full- year net income forecast 71 percent to 37.5 billion yen, citing higher-than-expected sales of pinball machines.

Shimamura Co. (8227 JT), an apparel retailer, rallied 3.4 percent to 8,010 yen. The company booked a 13 percent increase in first-half net income to 11.3 billion yen as sales rose.

Sotetsu Holdings Inc. (9003 JT), a railway operator, plummeted 9.5 percent to 335 yen, the largest decline since October 1990. The company plans to raise as much as 23.7 billion yen by selling shares to the public, according to a filing with the nation’s finance ministry.

Sumitomo Chemical Co. (4005 JT), a chemical company, slumped 5.2 percent to 347 yen, the sharpest drop since June 2009. The company will book a one-time charge of 28.7 billion yen in the second quarter after the value of its holdings in affiliates declined, according to a statement to the Tokyo Stock Exchange. The company had its 12-month share price estimate reduced to 380 yen from 400 yen at UBS AG.

TV Tokyo Holdings Corp. (9413 JT), a holding company, traded at 1,577 yen. The company was listed on the Tokyo Stock Exchange today.

To contact the reporters on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net; Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net.

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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