Japan Stocks: Advantest, Nippon Metal, Pocket Card, Renown

Japan’s Nikkei 225 (NKY) Stock Average fell 27.02, or 0.3 percent, to 9,936.12 at the 3 p.m. 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-related firms: Dainippon Screen Manufacturing Co. (7735 JT) and other semiconductor-related companies fell after ASML Holding NV (ASML) , Europe’s biggest semiconductor- equipment maker, yesterday reported second-quarter orders that missed its own forecast.

Dainippon Screen, a chip-equipment maker, sank 4.2 percent to 645 yen. Advantest Corp. (6857) (6857 JT), the world’s biggest maker of memory-chip testers, lost 2.6 percent to 1,473 yen. Sumco Corp. (3436) (3436 JT), a maker of silicon wafers, slid 2.7 percent to 1,323 yen.

Asahi Intecc Co. (7747 JQ), a medical equipment maker, surged 16 percent to 2,235 yen, the highest since January 2008. Morgan Stanley MUFG Securities Co. initiated coverage of the stock with an “overweight” rating and a price estimate of 2,800 yen.

Maruwa Co. (5344 JT), an electronic components maker, gained 4.7 percent to 3,580 yen. Daiwa Securities Group Inc. initiated coverage of Maruwa with an “outperform” rating, saying that rising demand for smartphones and eco-friendly products will likely boost operating profit to a record high in the fiscal year through March.

Nichi-iko Pharmaceutical Co. (4541 JO), a drugmaker, climbed 3.8 percent to 2,206 yen. The company’s second-quarter earnings were “favorable” and the drugmaker is likely to deepen its alliance with Sanofi-Aventis, JPMorgan Chase & Co. said in a Japanese-language report. Nichi-iko yesterday held an analysts’ meeting on its earnings, according to the report.

Nippon Metal Industry Co. (5479 JT) jumped 8.6 percent to 101 yen and Nisshin Steel Co. (5407 JT) rose 2 percent to 157 yen after Japan Metal Bulletin reported that they may merge to compete with global rivals. Nothing has been decided on the reported merger, Nisshin Steel said today in a statement in response to the Japan Metal Bulletin report.

Pocket Card Co. (8519 JT), a provider of credit-card services, surged 13 percent to 309 yen. The company doubled its net income projection to 1.2 billion yen for the six months ending Aug. 31, citing lower costs related to bad loans.

Renown Inc. (3606) (3606 JT), an apparel maker, slumped 6.8 percent to 152 yen. The company said net income in the quarter ended May 31 plunged 89 percent to 149 million yen, dragged down by lower sales and disaster-related charges from the March earthquake.

Toyota Auto Body Co. (7221 JT), an assembler of minivans, station wagons and compact trucks, soared 9.3 percent to 1,481 yen, while Kanto Auto Works Ltd. (7223) (7223 JT), an assembler of passenger cars, gained 4 percent to 826 yen, the highest since January 2010. Toyota Motor Corp. (7203) (7203 JT), the world’s biggest carmaker by market value, will pay 0.45 shares for each share of Toyota Auto and 0.25 share for each share of Kanto Auto to turn the subsidiaries into wholly owned units in January, according to a statement. Toyota slid 0.7 percent to 3,340 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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