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Clarion, KDDI, Nissan Shatai, Shima, Takara, Yahoo Japan: Japanese Stocks

Japan’s Nikkei 225 Stock Average fell 25.55, or 0.3 percent, to 9,401.16 as of the 3 p.m. close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Chugai Pharmaceutical Co. (4519 JT), the Japanese unit of Roche Holding AG (ROG VX), fell 2.1 percent to 1,490 yen. Net income at Chugai in the nine months ended Sept. 30 declined 31 percent to 28.1 billion yen ($345 million), as sales fell 11 percent. The company cut its full-year sales outlook by 5.4 percent.

Clarion Co. (6796 JT), a car-audio-equipment maker, surged 14 percent to 128 yen, the biggest gain since April 2009. The company’s stock rating was boosted to “buy” from “reduce” by Shiro Mikoshiba, an analyst at Nomura Holdings Inc.

Hitachi High-Technologies Corp. (8036 JT), a trading company, gained 3.8 percent to 1,536 yen. First-half net income at Hitachi High-Technologies was 9.7 billion yen, 57 percent higher than its projection, according to a preliminary earnings statement.

Jafco Co. (8595 JT), a venture-capital company, slumped 4.4 percent to 1,770 yen, the lowest close since March 2009. Nomura Holdings Inc. lowered its stock-price estimate on Jafco to 2,100 yen from 2,500 yen, leaving the investment rating unchanged at “neutral.” Jafco said first-half sales dropped 9.7 percent to 6.47 billion yen.

J-Oil Mills Inc. (2613 JT), a cooking-oil producer, lost 3.3 percent to 207 yen, the lowest since March 2004. The company cut its full-year net income forecast 34 percent to 2.3 billion yen, citing higher costs for beans, palm oil and other ingredients.

JSR Corp. (4185 JT), a synthetic resin maker, advanced 3.6 percent to 1,452 yen. The company returned to a first-half net income of 13.3 billion yen from a year-earlier loss on higher sales. JSR raised its full-year net income outlook 4 percent 26 billion yen.

JVC Kenwood Holdings Inc. (6632 JT), a maker of audio equipment, soared 8.5 percent to 305 yen. Nomura Holdings Inc. raised its investment rating on JVC Kenwood to “buy” from “neutral.”

KDDI Corp. (9433 JT), Japan’s second-biggest mobile-phone operator, jumped 7.3 percent to 436,000 yen, the sharpest increase since November 2008. KDDI said net income rose 10 percent to 65 billion yen in the three months ended Sept. 30. The company separately said it will spend as much as 100 billion yen to buy back up to 5.16 percent of its outstanding shares.

NEC Corp. (6701 JT), an electronics maker, slipped 2.5 percent to 231 yen. NEC may post a 2 billion yen operating profit for the six months ended in September, lower than a 5 billion yen target, Nikkei English News reported.

NGK Spark Plug Co. (5334 JT), a maker of ceramic products, sank 3.7 percent to 1,085 yen. The company was cut to “neutral” from “outperform” by Akihiko Uchino, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co.

Nissan Chemical Industries Ltd. (4021 JT), a chemical products maker, advanced 3.4 percent to 995 yen. The company had 5.6 billion yen in first-half net income, 12 percent above its forecast, according to a preliminary earnings statement.

Nissan Shatai Co. (7222 JT), a car assembler, gained 5.5 percent to 631 yen, the biggest gain since Dec. 3. First-half net income at Nissan Shatai reached 6.5 billion yen, exceeding the company’s forecast of a 2.9 billion yen profit, according to a preliminary earnings statement. Higher sales contributed to the profit, according to the document.

Shima Seiki Manufacturing Ltd. (6222 JO), a maker of knitting machinery, retreated 4.4 percent to 1,555 yen, the lowest close since October 2008. The company almost halved its full-year net income forecast to 1.3 billion yen from 2.5 billion yen because of a stronger-than-expected yen.

Shionogi & Co. (4507 JT), a drugmaker, fell 2.7 percent to 1,467 yen. The company cut its full-year net income outlook by 17 percent to 30 billion yen, citing foreign exchange rates and one-time losses.

Takara Holdings Inc. (2531 JT), a maker of distilled spirits, rose 3.9 percent to 475 yen. The company booked a first-half net income of 1.3 billion yen, 63 percent more than the company’s profit forecast, according to a preliminary earnings statement.

Toshiba Machine Co. (6104 JT), an industrial machinery maker, jumped 6.9 percent to 327 yen. The company more than tripled its full-year net income forecast to 1.6 billion yen from 500 million yen because of recovery in demand.

Yahoo Japan Corp. (4689 JT), the operator of Japan’s most- visited Internet portal, rose 2.8 percent to 28,810 yen. First- half operating profit at Yahoo Japan rose 11 percent to 76.1 billion yen as sales grew 4.4 percent.

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: Darren Boey at dboey@bloomberg.net.

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