Japan Stocks: Advantest, Kyowa Hakko, Mitsui Fudosan, Skymark

Japan’s Nikkei 225 Stock Average fell 119.79, or 1.1 percent, to 10,437.31 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.

Chip-equipment makers: Tokyo Electron Ltd. (8035 JT) and other semiconductor-equipment makers declined as ASML Holding NV (ASML NA), Europe’s biggest maker of semiconductor-equipment, plunged 6.8 percent yesterday even after its quarterly profit beat estimates.

Tokyo Electron, the world’s second-largest maker of semiconductor equipment, sank 3.8 percent to 5,530 yen. Advantest Corp. (6857 JT), the world’s biggest maker of memory- chip testers, slid 2.2 percent to 1,809 yen. Dainippon Screen Manufacturing Co. (7735 JT) lost 5.2 percent to 693 yen.

Developers: Mitsui Fudosan Co. (8801 JT), Tokyo Tatemono Co. (8804 JT), NTT Urban Development Corp. (8933 JT), Nomura Real Estate Holdings Inc. (3231 JT) and Goldcrest Co. (8871 JT) had their investment ratings decreased to “neutral” from “outperform” by Kazuya Takeuchi, an analyst at Mizuho Securities Co.

Mitsui Fudosan slid 2.2 percent to 1,759 yen. Tokyo Tatemono slumped 2.4 percent to 400 yen. NTT Urban fell 0.8 percent to 87,900 yen. Nomura Real Estate lost 2 percent to 1,558 yen. Goldcrest sank 2.9 percent to 2,316 yen.

Kyowa Hakko Kirin Co. (4151 JT), a drugmaker, rallied 2.4 percent to 845 yen. The company will apply for approval of a leukemia drug in Japan this spring, the Tokyo Shimbun newspaper reported.

Nippon Manufacturing Service Corp. (2162 JQ), an outsourcing services company, surged by its upper daily limit of 30,000 yen, or 29 percent, to 132,500 yen, the biggest gain since its listing of Oct. 25, 2007. Nippon Manufacturing said a subsidiary has set up a venture in Beijing city with a local company to enter into a production outsourcing business in China.

Skymark Airlines Inc. (9204 JT), Japan’s biggest low-cost carrier, tumbled 8.6 percent to 1,230 yen. The company cut its full-year net income outlook 9.1 percent to 5 billion yen, citing higher taxable revenue.

Sogo Medical Co. (4775 JT), which operates pharmacies and leases medical equipment, slumped 2.3 percent to 2,402 yen. The company cut its full-year net income outlook to 2.06 billion yen from 2.16 billion yen, citing consumption tax charges and losses from impaired assets.

Toyota Boshoku Corp. (3116 JT), a parts affiliate of Toyota Motor Corp. (7203 JT), climbed 2.2 percent to 1,450 yen. Toyota Boshoku was boosted to “overweight” from “neutral” by Kohei Takahashi, a Tokyo-based analyst at JPMorgan Chase & Co. Toyota fell 1.2 percent to 3,445 yen.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

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

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