Japanese Stocks: Aozora Bank, JGC, Konami, Nippon Yakin, Sony

Japan’s Nikkei 225 (NKY) Stock Average rose 102.55, or 1.2 percent, to 8,953.90 at the 3 p.m. close of trading in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Aozora Bank Ltd. (8304) (8304 JT) soared 8.2 percent to 211 yen, the highest price since September 2008. Australia & New Zealand Banking Group Ltd. (ANZ AU), Australia’s third-largest lender by market value, is considering buying Aozora Bank as part of a plan to expand in Asia and broaden its funding sources, according to a person familiar with the matter.

Daiwa Securities Group Inc. (8601) (8601 JT), Japan’s second- largest brokerage, rose 2 percent to 306 yen. The company agreed with the Taiwanese government to seek cross-border investment banking opportunities in the two economies, Chief Executive Officer Takashi Hibino said.

Enplas Corp. (6961) (6961 JT), a maker of plastic products for electronics, surged 9.4 percent to 1,550 yen, the highest closing price since August 2010, after saying it will repurchase up to 6.7 percent of its outstanding shares through Oct. 28.

JGC Corp. (1963) (1963 JT), a plant builder, increased 3.2 percent to 2,223 yen. The company won a $400 million contract to build a crude-processing plant in Algeria, according to a statement on its website.

Konami Corp. (9766) (9766 JT), a video-game developer, jumped 7.2 percent to 2,818 yen, the highest since September 2008. Konami’s first-quarter earnings were boosted by sales of its social- network games and the business will probably continue to grow, Toward the Infinite World Inc., a researcher, said in a Japanese-language report dated yesterday.

Mazda Motor Corp. (7261) (7261 JT), an automaker, climbed 3.1 percent to 169 yen. The company will assemble its Mazda2 subcompact car in Vietnam from October, according to a statement on its website. Nikkei newspaper published the Vietnam production in the morning edition.

Mitsui & Co. (8031 JT) gained 2.4 percent to 1,269 yen. Mitsui Chemicals Inc. (4183) (4183 JT), a chemical maker, rose 1.6 percent to 262 yen. The companies won rights to negotiate for a $3 billion project to make ammonia for fertilizers in Brunei, the Nikkei newspaper reported.

Nippo Corp. (1881) (1881 JT), a road paver, advanced 3.3 percent to 667 yen. JX Holdings Inc. (5020) (5020 JT), an energy company, rose 1.5 percent to 474 yen. The companies will merge their engineering businesses, Nippo said in a release.

Nippon Yakin Kogyo Co. (5480 JT), a stainless steel producer, plunged 14 percent to 170 yen. The company plans to raise as much as 5.54 billion yen ($72 million) in a public share sale, according to a filing with Japan’s finance ministry.

Sony Corp. (6758) (6758 JT) gained 3.5 percent to 1,695 yen. Toshiba Corp. (6502) (6502 JT) increased 2.1 percent to 339 yen. Hitachi Ltd. (6501) (6501 JT) rose 1.2 percent to 411 yen. The electronics makers will form a venture to produce liquid-crystal displays, the Yomiuri newspaper reported. The venture will have 21.5 percent of the global market for small and medium-sized panels, making it the biggest manufacturer, the report said.

Tsukishima Kikai Co. (6332 JT), a plant builder, jumped 5.3 percent to 658 yen. The company will start a biosolids derived fuel operation in China next year, the Nikkei Business Daily reported.

Yamazawa Co. (9993 JT), a supermarket chain, added 3.9 percent to 1,345 yen, the highest since December 2009. The company said it will pay a commemorative dividend of 5 yen per share to mark the company’s 50th anniversary, raising its planned full-year dividend to 32 yen from 27 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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