Japan Stocks: Fast Retailing, Fuji Heavy, Nikon, Nippon Sharyo

Japan’s Nikkei 225 Stock Average rose 148.99, or 1.4 percent, to 10,529.76 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.

Daiwa Securities Group Inc. (8601 JT), Japan’s second- biggest securities company, leapt 5.9 percent to 450 yen, the biggest gain since November 2009. The company is willing to consider acquisitions in the areas of asset and wealth management in Asia, the Nikkei newspaper reported, citing an interview with President Shigeharu Suzuki.

FamilyMart Co. (8028 JT), a convenience-store operator, rallied 2.9 percent to 3,085 yen. The company was raised to “outperform” from “neutral” at Mitsubishi UFJ Morgan Stanley Securities Co.

Fast Retailing Co. (9983 JT), Asia’s biggest clothing chain, tumbled 5.1 percent to 12,400 yen. The company said sales at its Uniqlo stores in Japan open at least a year fell 15.5 percent in December from a year earlier with a 10 percent drop in customer traffic.

Fuji Heavy Industries Ltd. (7270 JT), a carmaker, climbed 4.1 percent to 685 yen, the highest close since October 2006. Goldman Sachs Group Inc. increased its rating on the company to “buy” from “neutral.”

JVC Kenwood Holdings Inc. (6632 JT), a maker of audio equipment, soared by the daily limit of 80 yen, or 26 percent, to 387 yen. The company plans to raise as much as 10.6 billion yen ($127 million) from a public share sale to overseas investors, according to a filing with Japan’s finance ministry.

Mazda Motor Corp. (7261 JT), an automaker, advanced 2.1 percent to 247 yen. The company sold 239,709 vehicles in China last year, an increase of 33 percent from 2009, according to a statement on its website. Sales for December rose 36 percent from a year earlier to 35,023 units, the statement said.

Murata Manufacturing Co. (6981 JO), an electronic-parts maker, gained 3.1 percent to 6,010 yen, a level not seen since February 2008. The company had its rating raised to “outperform” from “neutral” at Mitsubishi UFJ Morgan Stanley Securities Co.

Nikon Corp. (7731 JT), a camera maker, increased 3.5 percent to 1,818 yen, the highest close since May 19. The company expects operating profit from its precision equipment operations will reach 28 billion yen in fiscal year 2012, seven times the amount forecast for the current year, the Nikkei newspaper reported.

Nippon Sharyo Ltd. (7102 JT), a maker of freight rail cars, surged 15 percent to 464 yen, the largest increase since August 2008. Sumitomo Corp. (8053 JT), a trading company, rose 1.9 percent to 1,218 yen, a level not seen since September 2008. The companies won an order to supply train cars in Taiwan, according to an emailed statement from Sumitomo.

Panasonic Corp. (6752 JT), an electronics maker, climbed 2.5 percent to 1,203 yen. The company is seeking television manufacturing partners in China, Japan and Taiwan to adopt its Ajax-CE software for displaying Internet content on television, the Nikkei newspaper reported. The software would rival a system developed by Sony Corp. (6758 JT) and Google Inc. (GOOG US), according to the report. Sony gained 1.5 percent to 3,010 yen.

Rakuten Inc. (4755 JQ), an Internet shopping site operator, advanced 2.4 percent to 67,400 yen. The company was rated “buy” in new coverage at Deutsche Bank AG.

Toshiba Corp. (6502 JT), an electronics maker, rose 3 percent to 474 yen, the highest close since June 24. The company’s President Norio Sasaki said it may increase capital spending for semiconductors by 10 percent next fiscal year. Sasaki also said his company plans to cooperate with Samsung Electronics Co. (005930 KS) in the semiconductor and flat-panel businesses.

United Arrows Ltd. (7606 JT), an apparel chain, jumped 5.2 percent to 1,330 yen, a level not seen since October 2007. The company said same-store sales increased 11.7 percent in December from a year earlier.

To contact the reporter on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

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

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