Japan Stocks: Bridgestone, Fast Retailing, Sumco, Tokyo Electron

Japan’s Nikkei 225 Stock Average fell 27.01, or 0.3 percent, to 10,562.75 as of 9:30 a.m. in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Intel impact: Sumco Corp. (3436 JT), Ibiden Co. (4062 JT) and other semiconductor-related firms advanced after Intel Corp. (INTC US), the world’s largest chipmaker, forecast first-quarter sales that may exceed analysts’ estimates as companies boost spending on computers and servers.

Sumco jumped 3.8 percent to 1,288 yen. Ibiden gained 2.3 percent to 2,895 yen. Shinko Electric Industries Co. (6967 JT) advanced 3.5 percent to 960 yen. Elpida Memory Inc. (6665 JT) increased 3 percent to 1,102 yen. Dainippon Screen Manufacturing Co. (7735 JT) jumped 4.1 percent to 665 yen.

Tiremakers: Nikko Cordial Securities Inc. rated Bridgestone Corp. (5108 JT), Yokohama Rubber Co. (5101 JT) and Sumitomo Rubber Industries Ltd. (5110 JT) “underperform” in new coverage. Bridgestone lost 2.1 percent to 1,581 yen. Yokohama Rubber dropped 2.7 percent to 428 yen. Sumitomo Rubber slid 1.2 percent to 863 yen.

Fast Retailing Co. (9983 JT), Asia’s biggest clothing chain, climbed 4 percent to 12,600 yen. The company was raised to “buy” from “neutral” at Nomura Holdings Inc. The brokerage increased the 12-month share price estimate of the company to 14,000 yen from 13,000 yen.

Japan Excellent Inc. (8987 JT), a real-estate investment trust, retreated 3.1 percent to 501,000 yen. The company plans to raise as much as 16.8 billion yen by selling as many as 34,100 shares to the public, according to a filing with Japan’s finance ministry.

Nachi-Fujikoshi Corp. (6474 JT), a bearings maker, surged 6.4 percent to 318 yen, set for the highest close since September 2008. The company was raised to “outperform” from “neutral” at Mitsubishi UFJ Morgan Stanley Securities Co.

Sakata Seed Corp. (1377 JT), a seed wholesaler, leapt 4.8 percent to 1,203 yen, rising the most since December 2008. The company’s first-half net income increased 44 percent to 786 million yen, beating its forecast by 57 percent. The company said it will spend as much as 1.5 billion yen to buy back up to 2.18 percent of its outstanding shares.

Tokyo Electron Ltd. (8035 JT), the world’s second-largest maker of semiconductor equipment, rose 3.5 percent to 5,570 yen. United Microelectronics Corp. (2303 TT), Taiwan’s second-biggest contract chipmaker, bought NT$535 million of equipment from Tokyo Electron from Dec. 5 to Jan. 13, UMC said in a statement to the Taiwan Stock Exchange.

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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