Japan Stocks: Gree, Chiyoda, Pacific Metals, Shimadzu, Shinsei
Japan’s Nikkei 225 Stock Average rose 30.94, or 0.3 percent, to 9,861.46 at 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.
MSCI members: MSCI Inc. will add Gree Inc. (3632 JT), Miraca Holdings Inc. (4544 JT) and Nabtesco Corp. (6268 JT) to the MSCI Japan Index at the close of trading on Nov. 30, the index manager said on its website. Gree, a social-networking website operator, jumped 5 percent to 976 yen. Miraca Holdings, a maker of clinical reagents, climbed 2.1 percent to 2,998 yen. Nabtesco, which makes hydraulic equipment, slid 1.3 percent to 1,535 yen.
Chiyoda Corp. (6366 JT), a plant engineering company, soared 11 percent to 773 yen, the most since November 2008. The company boosted full-year operating profit to 16 billion yen ($195 million) from 6 billion yen.
Helios Techno Holding Co. (6927 JQ), which makes halogen and metal-halide lamps, leapt 6.5 percent to 231 yen. Kaga Electronics Co. (8154 JT), a maker of parts for computers and electronics, said it will buy 3.9 percent of Helios Techno from the company. Kaga Electronics gained 1.2 percent to 939 yen.
Hikari Tsushin Inc. (9435 JT), a mobile-telecommunication- subscription agency, leapt 6.6 percent to 1,689 yen, the biggest gain since Feb. 23. The company said it will spend as much as 871 million yen to repurchase up to 1.12 percent of its outstanding shares.
Hokuetsu Kishu Paper Co. (3865 JT), a papermaker, jumped 4.6 percent to 434 yen. The company boosted its full-year operating profit forecast 13 percent to 8.5 billion yen, according to a report submitted to the Tokyo Stock Exchange before the market closed yesterday.
Pacific Metals Co. (5541 JT), a metal producer, retreated 3.7 percent to 682 yen. The company cut its full-year operating profit outlook by 3.1 percent to 17.1 billion yen, lower than the median estimate of 22 billion yen by six analysts surveyed by Bloomberg.
Shimadzu Corp. (7701 JT), a maker of measuring instruments and precision tools, tumbled 7.1 percent to 624 yen, falling the most since December 2008. The company had its 12-month share price estimate cut to 640 yen from 675 yen at Nomura Holdings Inc.
Shinsei Bank Ltd. (8303 JT), a lender, gained 5.7 percent to 74 yen. The company recorded net income of 16.9 billion yen in the six months ended Sept. 30, compared with 11.1 billion yen a year earlier. It left its full-year profit forecast unchanged at 12.5 billion yen. The bank also unveiled plans to buy back $1.1 billion of preferred securities to boost its capital ratio ahead of tighter Basel regulations.
Taikisha Ltd. (1979 JT), a maker of air-conditioning systems, gained 3.9 percent to 1,265 yen. The company had its rating raised to “buy” from “neutral” at Nomura Holdings Inc.
Toyota Motor Corp. (7203 JT), the world’s biggest automaker, climbed 2 percent to 3,115 yen. The company will introduce a new electric vehicle in Japan in the spring of 2012, the Tokyo Shimbun newspaper reported, without saying where it obtained the information. The vehicle will be based on the company’s iQ minicar, the report said.
Tsumura & Co. (4540 JT), a drugmaker, rose 2.7 percent to 2,516 yen. The company’s first-half net income increased 16 percent to 5.91 billion yen, up 12 percent from its outlook. The company increased the planned annual dividend to 56 yen a share from 52 yen.
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