Central Glass, Shinko Electric, Tsudakoma, Yahoo Japan: Equity Movers

Japan’s Nikkei 225 Stock Average rose 180.00, or 1.9 percent, to 9,583.51 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.

All Nippon Airways Co. (9202 JT), a carrier, gained 2.1 percent to 297 yen. The company had its rating raised to “outperform” from “neutral” at Mitsubishi UFJ Morgan Stanley Securities Co.

Alps Electric Co. (6770 JT), a maker of auto electronics, climbed 4.9 percent to 745 yen. The company’s operating profit in the April-September period was about 17 billion yen ($208 million), higher than the company’s forecast of 14 billion yen, the Nikkei newspaper reported, without saying where it obtained the information.

Central Glass Co. (4044 JT), a glassmaker, leapt 5.7 percent to 369 yen, the biggest gain since Nov. 11. The company will establish a subsidiary in China to produce a material used in lithium-ion batteries. Central Glass said in a press release that it will own 70 percent of C&S Energy Materials Co.

Dentsu Inc. (4324 JT), Japan’s largest advertising company, jumped 4.1 percent to 1,941 yen. The company had its rating increased to “buy” from “hold” at Citigroup Global Markets Japan Inc.

Doutor Nichires Holdings Co. (3087 JT), a coffee-shop chain, rallied 4 percent to 1,100 yen. The company will spend as much as 2 billion yen to buy back up to 3.6 percent of its shares.

Hogy Medical Co. (3593 JT), a surgical tools maker, dropped 2.7 percent to 3,740 yen, the lowest close since April 1999. The company lowered its full-year net income outlook by 1.9 percent to 5.04 billion yen and lowered its sales forecast.

JVC Kenwood Holdings Inc. (6632 JT), a maker of audio equipment, leapt 5.2 percent to 283 yen. The company booked 3 billion yen in net loss for the first-half period, narrower than its forecast of a 7 billion yen loss, according to a preliminary earnings statement.

Marubeni Corp. (8002 JT), a trading company, rose 3.1 percent to 537 yen. The company will invest $700 million in a venture with BW Gas Ltd. that will take control of eight BW Gas tankers for shipping liquefied natural gas, according to a statement on the company’s website.

Mitani Corp. (8066 JT), a maker of building materials, advanced 2.8 percent to 623 yen. The company said it will buy back up to 3.6 percent of its shares.

Shinko Electric Industries Co. (6967 JT), a maker of semiconductor packages, declined 3.5 percent to 850 yen, the lowest close since March 2009. The company had its rating cut to “neutral” from “buy” at UBS AG.

Tsudakoma Corp. (6217 JT), a maker of textile machines, tumbled 7 percent to 132 yen. The company widened its net loss forecast for the year ending in November to 1 billion yen from 600 million yen, citing price competition.

Yahoo Japan Corp. (4689 JT), the operator of Japan’s most- visited Internet portal, surged 6.4 percent to 30,600 yen, rising the most since Jan. 28. Yahoo! Inc. (YHOO US) is working with Goldman Sachs Group Inc. (GS US) to help defend against possible takeover approaches, said three people familiar with the matter. The company doesn’t have an offer in hand, they said.

The Wall Street Journal earlier reported AOL Inc. (AOL US) and several private-equity investors are exploring a deal for Yahoo! Inc. Yahoo! Inc. owns 35 percent of Yahoo Japan, according to data compiled by Bloomberg.

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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