Japan Stocks: Central Japan, Konami, Skymark, Sony, Yaskawa

Japan’s Nikkei 225 Stock Average rose 18.91, or 0.2 percent, to 9,400.51 at the midday 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.

Central Japan Railway Co. (9022 JT), Japan’s second-biggest railway company by sales, also known as JR Tokai, slumped 7.1 percent to 600,000 yen, headed for the sharpest slide since March 2009. The company will reject public funds and raise on its own the estimated 5.43 trillion yen ($67 billion) needed to construct a magnetic-levitation line connecting Tokyo and Nagoya, Nikkei English News reported, without saying how it got the information.

FCC Co. (7296 JT), a clutch maker, rallied 2.4 percent to 1,806 yen. The company had 4.5 billion yen in net income in the six months to Sept. 30, which was 29 percent higher than forecast, helped by government incentives to buy less-polluting cars, the company said in a preliminary earnings statement.

Kabu.com Securities Co. (8703 JT), an online brokerage, gained 1.9 percent to 322 yen. The company was raised to “outperform” from “neutral” at Credit Suisse Group AG.

Kanto Auto Works Ltd. (7223 JT), an assembler of passenger cars for Toyota Motor Corp. (7203 JT), climbed 3.1 percent to 505 yen. The company said first-half net income reached 1.7 billion yen, compared with the company’s forecast of 1 billion yen, according to a preliminary earnings statement. Toyota gained 0.5 percent to 2,903 yen.

Konami Corp. (9766 JT), a video-game developer, advanced 3.3 percent to 1,485 yen. The company said first-half net income totaled 4 billion yen, compared with a forecast of 2.23 billion yen, helped by cost cuts, according to a preliminary earnings statement.

Macnica Inc. (7631 JT), a distributor of semiconductors and electronic components, jumped 5.5 percent to 1,664 yen. The company boosted its full-year net income forecast by 38 percent to 3.38 billion yen because of increasing orders.

Skymark Airlines Inc. (9204 JT), Japan’s largest low-fare carrier, surged 12 percent to 767 yen. The company more than doubled its net income forecast for the year ending in March to 5.5 billion yen from 2.5 billion yen on a parent basis, citing strong sales.

Sony Corp. (6758 JT), an electronics maker, rose 2.2 percent to 2,733 yen. The company had its 12-month share price estimate increased to 2,980 yen from 2,950 yen at Deutsche Bank AG.

Toyota Boshoku Corp. (3116 JT), a parts affiliate of Toyota Motor Corp., tumbled 5.7 percent to 1,331 yen, falling the most since Feb. 4. The company had its rating cut to “underperform” from “neutral” at Mitsubishi UFJ Morgan Stanley Securities Co.

West Japan Railway Co. (9021 JT), Japan’s third-largest rail operator by market value, fell 2.9 percent to 296,800 yen. The company was rated “underweight” in new coverage at Barclays Capital.

Yaskawa Electric Corp. (6506 JT), a maker of servomotors, retreated 2.4 percent to 660 yen. The company’s rating was lowered to “sell” from “hold” at Citigroup Global Markets Japan Inc.

To contact the reporter on this story: 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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