Japan Stocks: CSK, Monex, Takara Bio, Tepco, Toyota, Ulvac

Japan’s Nikkei 225 (NKY) Stock Average fell 54.29, or 0.6 percent, to 9,422.88 as of 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.

CSK Corp. (9737) (9737 JT), a computer-services company, climbed 5.4 percent to 254 yen and Sumisho Computer Systems Corp. (9719) (9719 JT), a software developer, gained 4.4 percent to 1,097 yen. Daiwa Securities Group Inc. boosted the investment ratings for both companies to “buy,” citing the effectiveness of their merger plan on Oct. 1. The brokerage previously had a “neutral” rating on CSK and “outperform” on Sumisho Computer.

Inpex Corp. (1605) (1605 JT), the nation’s largest oil explorer, rose 2.6 percent to 548,000 yen after crude oil for July delivery jumped 1.9 percent in New York yesterday, the highest settlement since May 18.

Monex Group Inc. (8698) (8698 JT), an online brokerage, surged 19 percent to 16,270 yen, the steepest advance since at least August 2004, after saying it plans to buy back as much as 6.25 percent of its outstanding shares.

Monotaro Co. (3064 JT), which sells machine tools, engine parts and factory consumable goods on the website, climbed 4.9 percent to 1,243 yen, the highest since December 2006. Ichiyoshi Securities Co. maintained its “buy” rating on Monotaro, citing higher earnings from products used for restoration work and an expected recovery in production by carmakers.

SBI Holdings Inc. (8473 JT), a venture capital fund manager, rose 2 percent to 7,690 yen. SBI agreed to form a $100 million fund with Invest AD, a unit of the Abu Dhabi Investment Council, to invest in unlisted Turkish companies.

Takara Bio Inc. (4974) (4974 JT), a biopharmaceutical company, advanced 4.6 percent to 496 yen. The company will start providing analysis services next month for whole-human genomes using next-generation sequencers, Takara Bio said on its website.

Takeuchi Manufacturing Co. (6432 JQ), a construction machinery maker, surged by its upper daily limit of 150 yen, or 18 percent, to 995 yen, the biggest gain since April 2003. The company expects to post net income of 660 million yen ($8.1 million) this fiscal year, compared with a loss a year earlier, as sales increase.

Tokyo Electric Power Co. (9501 JT), owner of the Fukushima Dai-Ichi nuclear plant crippled by the March 11 earthquake and tsunami, sank 5.4 percent to 315 yen. Japan’s stricken nuclear plant has caused the same level of soil contamination as the 1986 Chernobyl disaster, the Yomiuri newspaper reported today. Separately, the utility known as Tepco said the containment chambers of two of three damaged reactors at its Fukushima nuclear plant may have been breached. Toshiba Corp. (6502) (6502 JT), Japan’s biggest maker of nuclear reactors, slumped 4.2 percent to 414 yen.

Toyota Motor Corp. (7203) (7203 JT), the world’s biggest carmaker, gained 2.2 percent to 3,315 yen. Toyota plans to raise domestic output to about 90 percent of pre-quake levels next month after a recovery in the supply of parts, NHK reported on its website, citing unidentified people. “Nothing has changed since we announced our latest production plans on May 11,” Javier Moreno, a Toyota spokesman based in New York, said yesterday in an e- mail.

Ulvac Inc. (6728) (6728 JT), a solar-cell equipment maker, rallied 3.5 percent to 1,990 yen after the Yomiuri newspaper reported Japanese Prime Minister Naoto Kan is expected to confirm the “Sunrise Plan,” an initiative to slash solar-power costs and lead the development of solar and wind power, in a statement at the forthcoming Group of Eight Summit opening this week in France.

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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