Advantest, Hino, Hitach, Japan Tobacco, Komatsu, NGK, Sharp: Japan Stocks

Japan’s Nikkei 225 Stock Average fell 163.58, or 1.8 percent, to 9,202.45 as of the 3 p.m. close of trading in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Today is the peak day for earnings reports in Japan, with about 270 of the 1,664 companies in the Topix index scheduled to report results, according to data compiled by Bloomberg.

Advantest Corp. (6857 JT), the world’s biggest maker of memory-chip testers, tumbled 9 percent to 1,531 yen, the lowest since April 2009. The company reported first-half net income of 2.59 billion yen ($32 million) from a year-earlier loss. The profit was 16 percent below the company’s forecast.

Dainippon Sumitomo Pharma Co. (4506 JT), a drugmaker, rallied 7.2 percent to 726 yen, the steepest gain since June 2009. The company said its experimental schizophrenia medicine won U.S. regulatory approval, paving the way for the Japanese company to compete for a share of the $14.5 billion market for antipsychotic drugs.

Hino Motors Ltd. (7205 JT), Japan’s biggest maker of heavy- duty trucks, plunged 14 percent to 348 yen, the biggest drop since October 2008. Hino said it expects net income of 8 billion yen this year. That is less than the company’s previous forecast of 11 billion yen.

Hitachi Ltd. (6501 JT), an electronics maker, leapt 4 percent to 364 yen. The company raised its full-year net income forecast 54 percent to 200 billion yen, citing lower costs than expected, and said sales will beat its original outlook.

Itochu Techno-Solutions Corp. (4739 JT), a computer- network-systems developer, rallied 10 percent to 2,745 yen, the steepest advance since November 2008, after the company said it will buy back up to 3.12 percent of its total shares and first- half operating profit rose 9 percent to 5.83 billion yen, beating its estimate.

Japan Tobacco Inc. (2914 JT), the world’s third-largest publicly traded cigarette maker, lost 4 percent to 250,300 yen, the sharpest drop since Jan. 20. The company cut its full-year net income forecast 14 percent to 115 billion yen as a stronger yen reduces overseas revenue.

Kansai Electric Power Co. (9503 JT), Japan’s second-largest utility, advanced 4.2 percent to 2,038 yen, the biggest gain since January 2009. The company raised its full-year net income outlook by 29 percent to 103 billion yen.

Konica Minolta Holdings Inc. (4902 JT), a maker of film used in liquid-crystal displays, slumped 6.4 percent to 780 yen, the largest slip since August 2009. Konica Minolta cut its current profit forecast 6.5 percent, while the company said first-half net income more than doubled to 8.64 billion yen.

NGK Insulators Ltd. (5333 JT), a maker of electrical insulators and industrial ceramic products, plunged 21 percent to 1,219 yen, the largest decline since at least September 1974. The company cut its full-year net income forecast 6 percent to 23.5 billion yen, with less-than-expected sales. NGK Insulators was cut to “neutral” from “buy” by Goldman Sachs Group Inc.

Nissan Motor Co. (7201 JT), Japan’s third-largest automaker, slid 3 percent to 710 yen. The company said it’s recalling about 2.2 million cars and light trucks globally to fix an ignition defect that can cause an engine to stall.

Ricoh Co. (7752 JT), a maker of office equipment, fell 4.7 percent to 1,126 yen. Goldman Sachs Group Inc. lowered its stock-price estimate for Ricoh to 1,080 yen from 1,160 yen and Nomura Holdings Inc. cut the target price to 1,210 yen from 1,400 yen. Both brokerages maintained their “neutral” ratings on Ricoh.

Sharp Corp. (6753 JT), Japan’s largest maker of liquid- crystal displays, slumped 5.8 percent to 795 yen, the lowest since March 2009. The company cut its annual net income forecast by 40 percent to 30 billion yen, citing the stronger yen and falling prices of panels.

Shin-Etsu Chemical Co. (4063 JT), a chemicals maker, slipped 3.4 percent to 4,075 yen. Shin-Etsu Chemical’s stock- price estimate was lowered to 5,000 yen from 5,300 yen by JPMorgan Chase & Co. Also, Goldman Sachs Group Inc. cut its target price for Shin-Etsu Chemical to 4,900 yen from 5,000 yen.

Sojitz Corp. (2768 JT), a trading company, jumped 6.5 percent to 148 yen after boosting its full-year net income projection 9.1 percent to 12 billion yen, citing increased investment gains from affiliate companies.

Sumitomo Mitsui Financial Group Inc. (8316 JT), Japan’s second-largest bank, rose 2.1 percent to 2,412 yen. Net income at Sumitomo Mitsui Financial Group was about 410 billion yen in the six months ended Sept. 30, beating its 160 billion yen profit forecast, according to a preliminary earnings statement.

Teijin Ltd. (3401 JT), a fiber maker, jumped 6.4 percent to 298 yen, the most since August 2009, after posting a first-half profit that exceeded the company’s projection and boosting its full-year earnings outlook.

Terumo Corp. (4543 JT), a maker of medical devices, retreated 3.9 percent to 4,085 yen, the lowest since June 2009. The company cut its full-year net-income outlook 13 percent to 36.3 billion yen, after revising its assumption for foreign- exchange rates.

Toyoda Gosei Co. (7282 JT), an auto-parts maker, slumped 6.1 percent to 1,734 yen, the biggest drop since September 2009, after posting 9.57 billion yen in first-half net income. That was 4.3 percent below the company’s estimate.

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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