Japan Stocks: Marubeni, Taiheiyo Cement, Taiyo Yuden, Toshiba

Japan’s Nikkei 225 Stock Average rose 86.43, or 0.9 percent, to 10,125.99 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), a processor of industrial materials, rose 2.1 percent to 442 yen. The company agreed to acquire the water desalination pressure-vessel operations of Belgium’s Bekaert NV (BEKB BB). The business generated sales of 2.9 billion yen ($34.5 million) in Spain and the U.S. in the year ended Dec. 2009, Arisawa said.

Daiwa House Industry Co. (1925 JT), a homebuilder, climbed 2 percent to 963 yen. The company will start construction of 400 single-family homes and condominium units this year in Wuxi, China, and will start sales as early as 2012, the Nikkei newspaper reported.

Hachijuni Bank Ltd. (8359 JT), a regional bank, increased 3 percent to 447 yen. The lender will buy back up to 1.9 percent of its outstanding shares for as much as 5 billion yen, it said.

Hokkoku Bank Ltd. (8363 JT), a regional lender, tumbled 8.3 percent to 300 yen, the biggest drop since October 2008. The bank said Meiji Yasuda Life Insurance Co. (0017 JP) and four other shareholders plan to sell 20 million of its shares to the public. Hokkoku may also sell 3 million treasury shares to Daiwa Securities Capital Markets Co. as part of the transaction, according to a statement.

Iida Home Max (8880 JT), a maker of family houses and condominiums, surged by its daily limit of 100 yen, or 16 percent, to 726 yen, the largest advance since June 2009. The company boosted its net income forecast to 8 billion yen from its previous outlook of 6.16 billion yen for the year ending April 2011, the company said.

Japan Airport Terminal Co. (9706 JT) slumped 5.8 percent to 1,234 yen, the biggest decline since April 2009. The operator of buildings at Tokyo’s Haneda Airport was cut to “neutral” from “buy” by Masahiro Ohba, an analyst at Nomura Holdings Inc.

Kagome Co. (2811 JT), a ketchup maker, lost 2.3 percent to 1,486 yen, the lowest close since June 2009. Bank of Tokyo- Mitsubishi UFJ Ltd. will sell 2 million Kagome shares, the ketchup maker said.

Marubeni Corp. (8002 JT), Japan’s fourth-largest trading company, gained 3.6 percent to 554 yen. The company expects to expand grain shipments to 25 million tons by 2013 from a projected 20 million tons this year, the Financial Times reported, citing an interview with Marubeni Chief Executive Officer Teruo Asada. Goldman Sachs Group Inc. boosted its rating on Marubeni to “buy” from “neutral” and Daiwa Securities Group Inc. improved the trading house’s rating to “outperform” from “neutral.”

Milbon Co. (4919 JT), a maker of hair-care products, gained 4.2 percent to 2,408 yen, the sharpest rise since January 2009. The company said it will pay a commemorative dividend of 5 yen per share to mark its 50th anniversary, increasing its planned yearend dividend to 33 yen from 28 yen. Milbon also said it will conduct an 11-for-10 stock split.

Nitta Corp. (5186 JT), an industrial products maker, rallied 6.9 percent to 1,450 yen. The company said it will buy back up to 2.34 percent of its outstanding shares for as much as 1.2 billion yen.

Shiroki Corp. (7243 JT), an autoparts maker, jumped 8.9 percent to 258 yen, the highest since April 27. Tokyu Corp. (9005 JT) agreed to sell part of its Shiroki shares to Toyota Motor Corp. (7203 JT) and Aisin Seiki Co. (7259 JT). Toyota will become the largest shareholder of Shiroki after the transactions, according to a company release. Tokyu rose 0.8 percent to 372 yen. Toyota climbed 0.3 percent to 3,300 yen. Aisin rose less than 0.1 percent to 2,735 yen.

Sosei Group Corp. (4565 JT), a biopharmaceutical company, surged by its daily limit of 15,000 yen, or 15 percent, to 112,000 yen, buoyed by the possibility that the government will soon approve the firm’s emergency contraception drug, according to the Mainichi newspaper.

Taiheiyo Cement Corp. (5233 JT), Japan’s biggest maker of the construction material, gained 3.9 percent to 106 yen. Sumitomo Osaka Cement Co. (5232 JT) leapt 3.8 percent to 193 yen, the highest close since September 2009. Taiheiyo Cement will probably report operating profit tripled to 7.6 billion yen for the year ending March 31 because of cost reductions and a recovery in demand in Japan, the Nikkei newspaper reported. Profit at Sumitomo Osaka Cement will probably rise 24 percent to 3.4 billion yen, the report said.

Taiyo Yuden Co. (6976 JT), a maker of electronic components, sank 3.7 percent to 1,140 yen. The company was cut to “neutral” from “outperform” by Eisaku Ohmori, an analyst at Mizuho Securities Co.

Toshiba Corp. (6502 JT), an electronics maker, increased 2.8 percent to 436 yen. Toshiba will build a joint-venture television plant in Egypt with a local company, Japanese broadcaster NHK reported, citing an unidentified person familiar with the plan. Also, Toshiba has developed a technique to collect rare earths and rare metals from byproducts generated in uranium mining, the Nikkei newspaper reported.

U-Shin Ltd. (6985 JT), an autoparts maker, advanced 2.3 percent to 674 yen. The company will close three plants and transfer their operations to a new factory it will build in Hiroshima, to improve productivity and cope with sluggish domestic demand, the Nikkei newspaper reported.

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

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

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