Brother, Daibiru, Fujikura, Square Enix, Yokohama Rubber: Japanese Stocks

Japan’s Nikkei 225 Stock Average rose 5.26, or 0.1 percent, to 9,159.98 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.

Alps Electric Co. (6770 JT), a maker of auto electronics, declined 5.7 percent to 675 yen. Goldman Sachs Group Inc. lowered its stock-price estimate for Alps Electric to 750 yen from 790 yen, keeping its “neutral” rating unchanged.

Asahi Kasei Corp. (3407 JT), a chemical maker, rose 2.8 percent to 482 yen, after raising its full-year net income forecast by 38 percent to 58.5 billion yen, citing lower raw- material costs for chemicals and rising demand for electronics.

Brother Industries Ltd. (6448 JT), an office-equipment maker, gained 6.3 percent to 1,094 yen, the largest advance since Feb. 2. The company boosted its full-year net income projection 30 percent to 24 billion yen ($298 million), citing higher sales and lower costs.

Daibiru Corp. (8806 JO), an office-building leasing company, leapt 3.1 percent to 627 yen. Mitsubishi UFJ Morgan Stanley Securities Co. raised its rating for Daibiru to “outperform” from “neutral.”

Dena Co. (2432 JT), an operator of auction and shopping websites, jumped 6.9 percent to 2,293 yen. The company said first-half net income jumped to 14.2 billion yen from 3.5 billion yen a year earlier as sales almost tripled.

Elpida Memory Inc. (6665 JT), the world’s third-biggest maker of computer-memory chips, sank 5.1 percent to 764 yen, the lowest since April 2009. The company said in a preliminary earnings statement it had second-quarter net income of 8.8 billion yen. That was less than Elpida’s first-quarter profit of 30.7 billion yen. Also, Mitsubishi UFJ Morgan Stanley Securities Co. cut its stock-price estimate for Elpida to 930 yen from 1,500 yen and Goldman Sachs Group Inc. lowered the target price to 980 yen from 1,050 yen.

Fujikura Ltd. (5803 JT), a cable maker, tumbled 11 percent to 330 yen, the biggest drop since October 2008. The company said first-half operating profit fell 16 percent to 7.72 billion yen.

Fuji Media Holdings Inc. (4676 JT), a television broadcaster, rose 2.6 percent to 108,700 yen. The company raised its full-year net income forecast 40 percent to 9.4 billion yen, citing administration cost cuts.

Gree Inc. (3632 JT), a social-networking website operator, plunged 18 percent to 882 yen, the sharpest decline since the company went public in December 2008. The company was cut to “equal-weight” from “overweight” by Morgan Stanley MUFG Securities Co.

Mitsubishi Chemical Holdings Corp. (4188 JT), a chemicals maker, rallied 4.1 percent to 428 yen, after boosting its full- year net income outlook 83 percent to 75 billion yen and its planned dividend to 10 yen from 8 yen for the year.

Nippon Chemi-Con Corp. (6997 JT), a maker of electronic parts, plummeted 13 percent to 279 yen, the biggest drop since October 1990. The company lowered its full-year net income outlook 25 percent to 2.1 billion yen, citing the stronger yen.

Nippon Inter Electronics Corp. (6974 JT), a semiconductor- device maker, surged 17 percent to 133 yen. Innovation Network Corp., a Japanese government-affiliated company, said in a statement on its website that it will spend 3.5 billion yen to acquire new shares of Nippon Inter.

Nissha Printing Co. (7915 JT), a maker of film for screens used in mobile phones, lost 3.4 percent to 1,643 yen, the lowest since April 2005. The company reversed its full-year forecast to a net loss of 3 billion yen from a 900 million yen profit, citing less-than-expected film demand and the stronger yen.

Square Enix Holdings Co. (9684 JT), a maker of game software, slid 2.5 percent to 1,630 yen. The company said in a preliminary earnings statement first-half net income amounted to 1.7 billion yen, short of its forecast by 29 percent, with less- than-expected sales.

Yokohama Rubber Co. (5101 JT), Japan’s third-biggest tiremaker by market value, rose 2.5 percent to 403 yen. The company boosted its full-year net income forecast by 44 percent to 11.5 billion yen, citing cost cuts.

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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