Central Japan, Medinet, Micronics, MS&AD Insurance, Tokuyama: Japan Stocks

Japan’s Nikkei 225 Stock Average increased 92.80, or 0.9 percent, to 10,115.19 at the 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.

Culture Convenience Club Co. (4756 JT), a video rental chain, rose 7 percent to 430 yen, the highest level since May 18. The company and Sharp Corp. (6753 JT) said they agreed to form an electronic entertainment venture next month. Sharp, Japan’s largest maker of liquid-crystal displays, climbed 1 percent to 820 yen.

Leopalace21 Corp. (8848 JT), a real-estate company, surged 32 percent to 165 yen. The company plans to raise 1.83 billion yen by selling 15.9 million shares to a wholly owned unit of JS Group Corp. (5938 JT), according to a filing with the finance ministry. JS Group slid 2.6 percent to 1,572 yen.

Itochu Techno-Solutions Corp. (4739 JT), the maker of computer systems, gained 4.3 percent to 3,030 yen. The company was rated “neutral plus” in new coverage by Mito Securities Co.

Medinet Co. (2370 JT), a provider of immunotherapy services, dropped 3.9 percent to 23,150 yen. The company plans to raise 2.15 billion yen by selling 100,000 shares to the public, according to a filing with the finance ministry.

Micronics Japan Co. (6871 JQ), a maker of probe cards for inspecting semiconductors, surged 17 percent to 914 yen. The company said it expects profit will jump more than sixfold to 1.1 billion yen this fiscal year as sales advance 21 percent.

Mitachi Co. (3321 JT), an electronic devices wholesaler, jumped 10 percent to 469 yen. The company boosted its net income outlook by 78 percent to 250 million yen for the half year through Nov. 30.

MS&AD Insurance Group Holdings Inc. (8725 JT), a casualty insurer, tumbled 8.2 percent to 1,949 yen. The company said first-half net income fell 30 percent to 40.1 billion yen.

Sazaby League Ltd. (7553 JQ), a handbag designer and coffee shop operator, soared 22 percent to 1,682 yen, the most on record. The company said it received a 40.1 billion yen takeover offer from AHA, an investment company owned by Sazaby executive Ryota Tsunoda. AHA offered 2,000 yen a share, Sazaby said in a release.

Skymark Airlines Inc. (9204 JT), the Japanese carrier planning to buy Airbus SAS A380s, jumped 4.7 percent to 888 yen. The airline said it expects to make money flying business travelers between Tokyo and London for less than half the price rivals charge.

To contact the reporters on this story: Anna Kitanaka in Tokyo at akitanaka@bloomberg.net Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net;

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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