Japanese Stocks: Dainippon Screen, Fast Retailing, Koito, Oki

Japan’s Nikkei 225 Stock Average fell 10.76, or 0.1 percent, to 9,578.68 as of 9:45 a.m. in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Dainippon Screen Manufacturing Co. (7735 JT), a maker of semiconductor-production equipment, gained 2.5 percent to 459 yen. The company has developed technology that increases 100- fold the precision of equipment used to clean chips, Nikkei English News reported.

Daio Paper Corp. (3880 JT), a papermaker, fell 1.7 percent to 567 yen, set for the lowest close since June 1999. The company said it will book an 8.23 billion yen charge on devalued stockholdings for the July-September period.

Fast Retailing Co. (9983 JT), Asia’s biggest clothing chain, sank 6.8 percent to 11,600 yen. The retailer forecast full-year profit will fall 17 percent to 51 billion yen because same-store sales declined in the first half. Net income for the year ended Aug. 31 totaled 61.7 billion yen, short of its target by 8.6 percent.

Gulliver International Co. (7599 JT), a used-car dealer, advanced 2 percent to 4,580 yen. The company booked a 65 percent increase in first-half net income to 3.74 billion yen, while sales dropped 3.9 percent in the period.

Japan Wool Textile Co. (3201 JT), a textile maker, climbed 4.1 percent to 656 yen. The company earned 1.43 billion yen net income for the nine months ended Aug. 31, compared with a loss of 360 million yen a year earlier. The company separately said it will spend as much as 430 million yen to buy back up to 0.6 percent of its outstanding shares.

Koito Industries Ltd. (6747 JT), a plane-seat maker, tumbled 9 percent to 132 yen, the lowest at least March 1988. Thai Airways International Pcl (THAI TB) said that it’s seeking compensation of up to $200 million from Koito after the Japanese company failed to deliver aircraft seats on schedule, according to Raj Tanta-Nanta, vice president for investor relations.

Nippon Paper Group Inc. (3893 JT), a papermaker, fell 1.6 percent to 2,152 yen. The company may see pretax profit of approximately 15 billion yen for the period ended in September, a decrease of more than 10 percent from a year earlier,

NPC Inc. (6255 JT), a maker of solar-cell manufacturing equipment, rallied 3.4 percent to 1,800 yen. NPC forecast a 75 percent jump in full-year net income to 1.44 billion yen with a 62 percent increase in sales. The company said profit for the year ended Aug. 31 declined 48 percent.

Oki Electric Industry Co. (6703 JT), a maker of communications equipment, plunged 19 percent to 60 yen, the biggest drop since at least Sept. 1974. Oki reversed its full- year forecast to a net loss of 28 billion yen from a profit of 4.5 billion yen. The company plans to sell 30 billion yen in preferred shares to Mizuho Corporate Bank Ltd. (MIZC JP) and 13 other companies, according to a filing with Japan’s finance ministry.

Plenus Co. (9945 JT), a distributor of boxed meals, slumped 3.2 percent to 1,281 yen. The company had 900 million yen in net income for the six months to Aug. 31, according to a preliminary earnings statement, falling short of its forecast by 29 percent on weak sales.

Ryohin Keikaku Co. (7453 JT), an operator of the Muji retail chain, soared 77.7 percent to 3,085 yen, the sharpest advance since Dec. 2008. The company said it plans to spend as much as 3 billion yen to repurchase up to 3.96 percent of its outstanding shares. Also, the retailer cut its full-year profit forecast 22 percent to 6.89 billion yen on slow sales of apparel and other goods.

Sakata Seed Corp. (1377 JT), a seed wholesaler, slid 1.6 percent to 1,095 yen, the lowest since at least May 1987. Sakata Seed said first-quarter net income fell 37 percent to 670 million yen as sales dropped.

Toray Industries Inc. (3402 JT), a textile maker, rose 1.9 percent to 472 yen. Toray will begin supplying Toyota Motor Corp. (7203 JT) and Fuji Heavy Industries (7270 JT) with carbon fiber for car bodies this year, the Nikkei newspaper reported. Toyota slid 0.8 percent to 2,873 yen. Fuji Heavy rose 1.3 percent to 549 yen.

Transaction Co. (7818 JQ), a maker of household and health- care goods, fell to 1,295 yen, compared with its initial public offering price of 1,400 yen. The company started trading on the Osaka Securities Exchange’s Jasdaq market today.

Union Tool Co. (6278 JT), a maker of drill bits, jumped 9.3 percent to 2,265 yen, set for the steepest rise since October 2008. Union Tool said it returned to net income of 1.52 billion yen in the nine months ended Aug. 31 from a loss of 351 million yen a year earlier. The company separately said it will buy back up to 2.68 percent of its outstanding shares for as much as 1.5 billion yen.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net. Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net

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