Japan Stocks: Dena, Kumiai Chemical, Shinsei, Yokohama Rubber

Japan’s Nikkei 225 Stock Average rose 1.51 to 10,311.29 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.

Aozora Bank Ltd. (8304 JT), the Japanese lender controlled by Cerberus Capital Management LP, surged 7.8 percent to 165 yen, its highest close since September 2008. The stock was rated “buy” in new coverage at Goldman Sachs Group Inc.

Daihatsu Motor Co. (7262 JT) rose 2.3 percent to 1,186 yen. The automaker’s stock was rated “outperform” in new coverage at Credit Suisse Group AG.

Dena Co. (2432 JT), an operator of game and shopping websites, surged 9.9 percent to a record high close at 2,975 yen. The company said it will supply its social gaming platform to Samsung Electronics Co.

Fidec Corp. (8423 JT), a provider of accounting and system- management services, surged 27 percent to 13,940 yen. The company plans to raise 1.98 billion yen ($24 million) by selling shares to Don Quijote Co. (7532 JT) and two other companies, according to a filing with the nation’s finance ministry. Don Quijote declined 3.6 percent to 2,525 yen.

Kumiai Chemical Industry Co. (4996 JT), a chemicals maker, dropped 2.8 percent to 274 yen. The company forecast full-year net income will decline 30 percent to 900 million yen.

Mitsui High-Tec Inc. (6966 JT), a maker of machine parts, slumped 6.4 percent to 482 yen. The company widened its net-loss forecast for the year ending Jan. 31 to 1.8 billion yen from 1 billion yen due to weaker sales and a stronger yen.

Shinsei Bank Ltd. (8303 JT), a Japanese lender partly owned by J. Christopher Flowers, jumped 4.6 percent to 92 yen. The lender said it will book a gain of 25 billion yen for the buyback of preferred securities to boost its capital ratio.

Tera Probe Inc. (6627 JT), a semiconductor-testing unit of Elpida Memory Inc. (6665 JT), was traded at 2,320 yen, compared with an initial public offering price set at 3,000 yen. It was listed on the Tokyo Stock Exchange’s Mothers market today. Elpida slid 1.2 percent to 917 yen.

Toyota Boshoku Corp. (3116 JT), a parts affiliate of Toyota Motor Corp. (7203 JT), sank 2.1 percent to 1,451 yen. Morgan Stanley MUFG Securities Co. cut its rating to “equal-weight” from “overweight,” and lowered its target price to 1,600 yen from 1,800 yen. Toyota declined 0.2 percent to 3,285 yen.

Yokohama Rubber Co. (5101 JT), Japan’s third-biggest tiremaker by market value, fell 2.3 percent to 419 yen. The company said it will raise Japanese prices of truck and bus tires by an average of 7 percent from March 1 to reflect higher rubber costs.

To contact the reporters on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net; Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

To contact the editor responsible for this story: Nicolas Johnson at nicojohnson@bloomberg.net.

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