Arisaw, Fuji Heavy, Hakuhodo, JS, Mitsui Chemicals, Nidec: Japanese Stocks

Japan’s Nikkei 225 Stock Average rose 9.65, or 0.1 percent, to 9,387.03 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.

Arisawa Manufacturing Co. (5208 JT), an industrial- materials processor, plunged 17 percent to 418 yen, the biggest drop since May 1984. The company reversed its full-year forecast to a net loss of 50 million yen ($611,250) from an 810 million yen profit, citing foreign exchange losses and production cutbacks from electronics makers.

Fuji Heavy Industries Ltd. (7270 JT), the maker of Subaru cars, gained 5.3 percent to 555 yen. The company had first-half net income of 44 billion yen, beating its 23 billion yen profit outlook on higher sales and lower costs, according to a preliminary earnings statement.

Hakuhodo DY Holdings Inc. (2433 JT), Japan’s second-biggest advertising company, jumped 7 percent to 3,990 yen, the largest gain since November 2008. The company raised its full-year operating profit outlook by 18 percent to 10 billion yen, citing cost cuts. Hakuhodo expects to break even for this fiscal year ending March, citing a drop in the value of its investment stocks. The company had forecast net income of 3.2 billion yen.

Hitachi High-Technologies Corp. (8036 JT), a trader of electronic devices and industrial machinery, advanced 3.8 percent to 1,573 yen. The company raised its full-year net income forecast by 35 percent to 17 billion yen on demand for semiconductor equipment and higher-than-expected U.S. handset shipments.

JS Group Corp. (5938 JT), a housing materials maker, rallied 3.5 percent to 1,585 yen after public broadcaster NHK said JS Group decided not to buy the Yokohama BayStars professional baseball team. JS Group said in a release this afternoon that it had abandoned its plan to buy the Yokohama BayStars from Tokyo Broadcasting System Holdings Inc. (9401 JT). Tokyo Broadcasting was unchanged at 975 yen.

Jtekt Corp. (6473 JT), an autoparts maker, climbed 2.7 percent to 835 yen. First-half net income at Jtekt was 8 billion yen, 33 percent above its profit estimate, according to a preliminary earnings statement.

Kao Corp. (4452 JT), Japan’s biggest maker of household products, rose 3.5 percent to 2,075 yen. The company raised its full-year net income outlook by 6 percent to 53 billion yen. Kao also said it will spend as much as 15 billion yen to buy back up to 1.5 percent of its outstanding shares.

Megane Top Co. (7541 JT), an eyeglass retailer, soared 10 percent to 898 yen, the highest since Feb. 1. The company raised its full-year net income projection 28 percent to 2.56 billion yen on a parent basis, citing cuts in sales and administration costs.

Mitsui Chemicals Inc. (4183 JT), a chemical maker, sank 6.7 percent to 237 yen, the steepest drop since Nov. 24. The company had its stock-price estimate lowered to 330 yen from 350 yen by Hisaaki Yokoo, a Tokyo-based analyst at Goldman Sachs Group Inc.

Monex Group Inc. (8698 JT), an online brokerage, tumbled 8.7 percent to 19,750 yen, the lowest since at least August 2004. The company said first-half net income fell 21 percent to 1.6 billion yen, while revenue gained 12 percent in the period.

Mori Seiki Co. (6141 JO), a machine tool maker, fell 2 percent to 792 yen. The company posted a first-half net loss of 6.11 billion yen, wider than its loss estimate of 5 billion yen.

Nidec Corp. (6594 JO), the world’s biggest maker of motors for hard-disk drives, jumped 6.9 percent to 7,700 yen, the sharpest advance since April 2009. The company said net income in the fiscal first half rose 96 percent to 27 billion yen as demand recovered in developing markets.

Sekisui Chemical Co. (4204 JT), a house builder and chemical maker, leapt 4.5 percent to 538 yen, the biggest increase since Oct. 27, 2009. The company raised its full-year net income forecast by 26 percent to 22 billion yen, citing demand for high-performance plastics and homes.

Shimano Inc. (7309 JO), a maker of bicycle equipment and fishing gear, dropped 3.5 percent to 4,110 yen. The company cut its full-year net income projection by 7.5 percent to 18.5 billion yen.

Shin-Kobe Electric Machinery Co. (6934 JT), a storage battery maker, surged 12 percent to 804 yen, the biggest gain since June 2009. The company said it expects net income of 3.8 billion yen this fiscal year, exceeding its 1.5 billion yen profit outlook.

Sumitomo Heavy Industries Ltd. (6302 JT), a maker of heavy electric machinery, gained 5.9 percent to 469 yen, the steepest advance since July 2009. The company said in a preliminary earnings statement it had 8 billion yen in first-half net income, beating its 3 billion yen profit outlook.

Toyota Boshoku Corp. (3116 JT), a parts affiliate of Toyota Motor Corp. (7203 JT), leapt 4 percent to 1,370 yen. Deutsche Bank AG initiated coverage of Toyota Boshoku with a “buy” rating, while JPMorgan Chase & Co. boosted its target price on the autoparts maker to 1,400 yen from 1,300 yen. Toyota Motor rose 1.5 percent to 2,910 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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