Japan Stocks: AnGes, Higashi-Nippon Bank, Ito En, Zojirushi
Japan’s Nikkei 225 Stock Average fell 40.82, or 0.4 percent, to 10,315.17 as of 9:30 a.m. in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Aeon Kyushu Co. (2653 JQ), a supermarket chain, rose 1.5 percent to 1,400 yen. The retailer said its nine-month net loss narrowed to 1.14 billion yen ($13.8 million) from 2.34 billion yen a year earlier.
AnGes MG Inc. (4563 JT), a gene-therapy drug developer, surged 7.5 percent to 121,400 yen, set for the highest close since Aug. 3. The company said it has entered a license agreement with Shionogi & Co. (4507 JT) to jointly develop a treatment for atopic dermatitis. Shionogi rose 0.3 percent to 1,615 yen.
Higashi-Nippon Bank Ltd. (8536 JT), a regional lender, gained 3.5 percent to 179 yen, en route for the highest close since June 24. The bank said it will buy back and retire 10 million preferred shares to repay public funds to the Japanese government.
Ito En Ltd. (2593 JT), a maker of green tea and canned drinks, advanced 0.9 percent to 1,357 yen. The company will buy back up to 0.87 percent of its total preferred shares. The company also said it will retire 2.61 percent of its outstanding preferred shares.
Nihon Trim Co. (6788 JT), a water-purifier maker, increased 1.2 percent to 1,815 yen. The company said it will repurchase up to 1.38 percent of its total shares.
Sala Corp. (2734 JT), an energy-supply company, rallied 12 percent to 471 yen. The company said in a preliminary earnings statement that full-year net income totaled 210 million yen, 40 percent more than its profit outlook.
Zojirushi Corp. (7965 JO), a maker of electric kitchen appliances, climbed 1.9 percent to 215 yen. The company said full-year net income almost doubled to 1.15 billion yen from 582 million yen a year earlier.
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