ABC-Mart, Aeon, Daiwa House, Higo Bank, Mitsubishi Motors: Japanese Stocks

Japan’s Nikkei 225 Stock Average rose 11.33, or 0.1 percent, to 9702.76 at 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.

ABC-Mart Inc. (2670 JT) advanced 3.8 percent to 2,629 yen. The shoe retailer increased its full-year net income forecast by 16 percent to 17.5 billion yen ($210 million) from its previous projection, citing a gain from a sale of shares in United Arrows Ltd. (7606 JT). United Arrows dropped 2.3 percent to 1,130 yen.

Aeon Co. (8267 JT), Japan’s second-largest retailer, jumped 5.4 percent to 971 yen, set for biggest gain since January. Net income may climb to between 49 billion yen and 55 billion yen in the year ending February, the company said in a statement. In April, the company forecast profit would be between 32 billion yen and 38 billion yen. Aeon also raised its planned year-end dividend to 21 yen from 17 yen.

Aeon Delight Co. (9787 JT), a building-maintenance company, climbed 4.9 percent to 1,547 yen. The company reported a 6.9 percent increase in first-half net income to 2.77 billion.

Daiwa House Industry Co. (1925 JT) rose 2.1 percent to 923 yen and Daiwasystem Co. (8939 JT) sank 20 percent to 4 yen. Daiwa House, a homebuilder, sold its entire 12.37 percent stake in Daiwasystem, which develops and builds commercial and industrial buildings, on Oct. 5, according to a statement to the Tokyo Stock Exchange.

East Japan Railway Co. (9020 JT) advanced 1.4 percent to 5,200 yen. The company was raised to “neutral” from “underweight” at JPMorgan Chase & Co.

Higo Bank Ltd. (8394 JT) plunged 17 percent to 358 yen, headed for its lowest close since March 1984, after the regional lender said it will sell 1.35 million existing shares to Nomura Securities Co. Four shareholders of Higo Bank, including Sompo Japan Insurance Inc. (8755 JP) and Tokio Marine & Nichido Fire Insurance Co. (8751 JP), will sell a total of 9 million shares in the lender.

Kyowa Hakko Kirin Co. (4151 JT), a drugmaker, increased 1.4 percent to 872 yen. The company plans to sell its chemical unit, Kyowa Hakko Chemical Co., in a transaction worth as much as 60 billion yen, Reuters reported, citing six unidentified people.

Ministop Co. (9946 JT) gained 3.1 percent to 1,283 yen. The convenience-store operator said net income for the six months to Aug. 31 jumped 61 percent to 2.14 billion yen as sales increased.

Mitsubishi Motors Corp. (7211 JT) rose 2.9 percent to 107 yen. The automaker will begin selling its i-MiEV electric car in the U.S. from November 2011, President Osamu Masuko said in Okayama, Japan.

Sankyo-Tateyama Holdings Inc. (3432 JT), an aluminum-mesh maker, jumped 3.9 percent to 108 yen. The company said net income in the first quarter more than doubled to 67 million yen from 30 million yen a year earlier on higher sales.

To contact the reporters on this story: Monami Yui in Tokyo at myui1@bloomberg.net; Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

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

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