Japan’s Nikkei 225 Stock Average fell 73.93, or 0.7 percent, to 10,211.95 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.
Dai-ichi Life Insurance Co. (8750 JT), Japan’s second- biggest life insurer, rose 2.1 percent to 133,500 yen. Deutsche Bank AG. rated the company “buy” in new coverage.
Dr. Ci:Labo Co. (4924 JT), a cosmetics developer, gained 3.1 percent to 315,000 yen. The company said its sales in the first quarter increased 15 percent to 7.43 billion yen ($89 million) from a year ago.
Komatsu Ltd. (6301 JT), the world’s second-largest maker of construction and mining equipment, sank 2.2 percent to 2,427 yen. The company stopped doing business with Iran due to pressure from various groups and hasn’t taken any orders since Oct. 1, CNBC reported.
Miraial Co. (4238 JQ), a maker of silicon boxes for shipping semiconductors, advanced 2 percent to 2,242 yen. The company raised its full-year forecast for net income by 16 percent to 2.23 billion yen. The company’s net income for the February-October period jumped to 1.92 billion yen from 452 million yen a year earlier.
Nikon Corp. (7731 JT), a manufacturer of cameras, lenses and chipmaking equipment, dropped 3.1 percent to 1,620 yen. The company had its rating reduced to “sell” from “neutral” at Goldman Sachs Group Inc.
Nippon Steel Corp. (5401 JT), Japan’s largest steelmaker, gained 1.7 percent to 293 yen. The company and affiliate Nippon Steel Trading Co. (9810 JT) received an order for 20,000 tons of pipe for an OAO Gazprom project in Russia’s far east, according to a notice on its website. Nippon Steel Trading slid 0.4 percent to 244 yen.
Pola Orbis Holdings Inc. (4927 JT), a cosmetics maker, traded at 1,779 yen, down 1.2 percent from its initial offering price of 1,800 yen. The company was listed on the Tokyo Stock Exchange today.
Sapporo Holdings Ltd. (2501 JT), the brewer of Yebisu beer, surged 8.9 percent to 367 yen, the most since June 2009. Steel Partners Japan Strategic Fund (Offshore) LP (STLPTR JP) and partner Liberty Square Asset Management LP cut their combined holding in Sapporo to 7.88 percent from 13.14 percent, according to filings with Japan’s finance ministry.
Sony Financial Holdings Inc. (8729 JT), the insurance and banking arm of Sony Corp. (6758 JT), gained 3.7 percent to 308,500 yen. The company was rated “buy” in new coverage at Deutsche Bank AG. Sony dropped 1.6 percent to 2,993 yen.
Sumco Corp. (3436 JT), a maker of silicon wafers for semiconductors, retreated 3.2 percent to 1,103 yen, its lowest close since December 2008. The company was cut to “neutral minus” from “neutral” at Toward the Infinite World Inc.
Takara Bio Inc. (4974 JT), a biopharmaceuticals company, rose 2.2 percent to 201,800 yen. The company said it developed technology to make anti-virus cells.
Tokyo Dome Corp. (9681 JT), operator of a baseball stadium, declined 3.6 percent to 216 yen, the sharpest slide since May 6. The company slashed its full-year net income forecast 70 percent to 900 million yen, saying the venue hosted fewer baseball games and concerts. Profit for the nine months to Oct. 31 fell 12 percent to 2.29 billion yen.
To contact the editor responsible for this story: Nick Gentle at email@example.com.