Japan’s Nikkei 225 Stock Average rose 14.87, or 0.2 percent, to 9,403.51 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.
Machinery makers: Japanese machinery orders in August rose 10.1 percent from July, the largest increase since December, the Cabinet Office said today in Tokyo. NSK Ltd. (6471 JT), a bearing maker, gained 4.2 percent to 628 yen. THK Co. (6481 JT), an industrial machinery maker, advanced 3.7 percent to 1,651 yen. Okuma Corp. (6103 JT), a maker of machine tools and industrial machinery, rose 1 percent to 497 yen.
Best Denki Co. (8175 JT), an electronics retailer, surged 11 percent to 222 yen. The company raised its annual net income forecast by 61 percent to 2.4 billion yen ($29 million), citing higher demand for air-conditioners and benefits from shutting unprofitable stores and job cuts.
Dena Co. (2432 JT), a social media website operator, plummeted 7.8 percent to 2,189 yen. The company said it will pay about $400 million for Ngmoco, a U.S. maker of iPhone applications.
Disco Corp. (6146 JT), a maker of chip-manufacturing equipment, sank 5.8 percent to 4,600 yen, the biggest drop since Nov. 4. Operating profit at Disco totaled about 6 billion yen in the quarter ended in September, short of its profit outlook of about 6.5 billion yen, the Nikkei newspaper reported.
Okinawa Electric Power Co. (9511 JT), a power utility, gained 3.8 percent to 3,715 yen. The company was raised to “outperform” from “neutral” by Reiji Ogino, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co.
Saizeriya Co. (7581 JT), an Italian-food restaurant chain, rose 2 percent to 1,597 yen. The company swung to a full-year net income of 7.84 billion yen from a year-earlier loss on higher sales. It expects an 8.2 percent drop in net income to 7.2 billion yen in the current fiscal year.
Shionogi & Co. (4507 JT), a drugmaker, fell 2.3 percent to 1,485 yen. The company was cut to “neutral” from “outperform” by Yasuhiro Nakazawa, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co.
Showa Shell Sekiyu K.K. (5002 JT), an oil refiner, jumped 4 percent to 656 yen after General Electric Co. said it will work with the Japanese company to make thin-film solar panels.
Sugi Holdings Co. (7649 JT), a drugstore chain, advanced 3.7 percent to 1,905 yen. The retailer said first-half net income rose 49 percent to 3.9 billion yen, with a 2.2 percent increase in sales.
Toho Co. (9602 JT), a movie maker, increased 2.7 percent to 1,289 yen. The company said first-half net income advanced 28 percent to 7.22 billion yen.
Tokyo Steel Manufacturing Co. (5423 JT), a steelmaker, tumbled 5.4 percent to 921 yen. The company had a first-half net loss of 2.5 billion yen, missing its 1 billion yen profit outlook, according to a preliminary earnings statement. The company earned 1.65 billion yen a year earlier.
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