Japan Stocks: Air Water, Isetan Mitsukoshi, Japan Tobacco, SxL

Japan’s Nikkei 225 (NKY) Stock Average rose 122.69, or 1.4 percent, to 9,086.41 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.

Air Water Inc. (4088) (4088 JT), a producer of industrial gases, rose 2.7 percent to 915 yen. The company reported a 20 percent increase in net income to 5.01 billion yen ($65 million) for the April-June period, as demand for industrial gas recovered to pre-earthquake levels after supply chains recovered faster than expected.

Anicom Holdings Inc. (8715) (8715 JT), a provider of insurance for pets, climbed 3.8 percent to 2,492 yen. The company said it will conduct a 4-for-1 stock split.

Chiyoda Co. (8185 JT), a specialty retailer, gained 5.5 percent to 1,297 yen. The company raised its full-year net income forecast 80 percent to 2.76 billion yen, citing improving profit margins and cost cuts.

Ferrotec Corp. (6890) (6890 JQ), an electronics component maker, jumped 6.2 percent to 1,647 yen. The company said net income in the quarter ended June 30 more than doubled to 1.55 billion yen from 657 million yen a year earlier, as sales jumped by 76 percent on rising demand of parts used in chip-manufacturing equipment and products related to solar-cells.

Isetan Mitsukoshi Holdings Ltd. (3099) (3099 JT), a department- store operator, rallied 5.5 percent to 801 yen, the sharpest rise since May 2009. The retailer boosted its full-year net income forecast by 83 percent to 33 billion yen, citing deferred tax assets. The company will pay an annual dividend of 10 yen per share this year, up from the previous year’s payout of 7 yen, according to a statement to the Tokyo Stock Exchange.

Japan Tobacco Inc. (2914) (2914 JT), Asia’s largest tobacco company by market capitalization, advanced 2.7 percent to 345,500 yen. The company said domestic cigarette sales rose 32 percent in July from a year earlier to 68.9 billion yen. Sales volume fell 3 percent, according to a statement.

Osaka Securities Exchange Co. (8697 JQ), operator of Japan’s second-largest bourse, soared 9.1 percent to 412,500 yen, the biggest advance since May 2009. Tokyo Stock Exchange Inc. is close to reaching a takeover agreement with the rival bourse, the Yomiuri newspaper reported. The two exchanges denied the report.

Companies listed on the Osaka Securities Exchange also gained. Nintendo Co. (7974 JO) leapt 9.8 percent to 11,970 yen, the largest gain since November 2008. Omron Corp. (6645) (6645 JO) gained 4 percent to 1,883 yen. Murata Manufacturing Co. (6981 JO) rose 3 percent to 4,875 yen.

Radishbo-ya Co. (3146 JQ), a health-food delivery company, advanced 3.6 percent to 746 yen, the highest since August 2009. Lawson Inc. (2651) (2651 JT), a convenience store operator, rose 2 percent to 4,355 yen. The companies will set up a venture to produce and sell products including fresh and processed food, and convenience goods, according to a statement.

SxL Corp. (1919) (1919 JT), a home builder, surged by its daily limit of 30 yen, or 52 percent, to 88 yen, the steepest gain since at least October 1975. Yamada Denki Co. (9831 JT), an electronics retailer, rose 2.5 percent to 5,830 yen. Yamada Denki plans to buy as much as 58.96 percent of SxL and make it a subsidiary, according to a statement. Yamada offered up to 5.27 billion yen for SxL shares, or 62 yen apiece.

Sony Financial Holdings Inc. (8729) (8729 JT), the insurance and banking arm of Sony Corp. (6758) (6758 JT), increased 2.1 percent to 1,275 yen. Net income at Sony Financial rose 4.9 percent to 10.9 billion yen, with a 6.8 percent gain in revenue in the three months ended June 30, according to a statement. Sony climbed 3.9 percent to 1,694 yen.

Tokyo Seimitsu Co. (7729 JT), a maker of chip-manufacturing equipment, leapt 8.5 percent to 1,309 yen. The company raised its net income outlook 83 percent to 4.4 billion yen for the six months ending Sept. 30 and boosted its planned first-half dividend to 8 yen from 5 yen.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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