Astellas, Daikin, Gree, Komatsu, NTT DoCoMo, Sony: Japan Stocks

Japan’s Nikkei 225 Stock Average rose 160.98, or 1.9 percent, to 8801.40 at the 3 p.m. close in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Factory-tool makers: Fanuc Corp. (6954) (6954 JT), Japan’s biggest maker of industrial robots, Nachi-Fujikoshi Corp. (6474) (6474 JT), a bearing producer, and Okuma Corp. (6103) (6103), a machine tool manufacturer, gained after the U.S. Commerce Department reported that new manufacturing orders climbed 0.3 percent in September.

Fanuc surged 4.3 percent to 12,880 yen. Nachi soared 8.9 percent to 441 yen, and Okuma advanced 6.6 percent to 598 yen.

Astellas Pharma Inc. (4503) (4503 JT), Japan’s third-largest drugmaker, advanced 5.5 percent to 3,005 yen. The company said its experimental prostate cancer drug extended patients’ lives 4.8 months longer than those taking a placebo. Annual sales of the medicine could reach $1 billion, according to Mitsubishi UFJ Morgan Stanley Securities estimates.

Daikin Industries Ltd. (6367) (6367 JT), a maker of air- conditioning equipment, jumped 4.7 percent to 2,364 yen. The company posted about 47 billion yen ($602 million) in operating profit in the six months to Sept. 30, up from its forecast of 41 billion yen, the Nikkei newspaper reported.

Fast Retailing Co. (9983 JT), operator of Asia’s biggest apparel chain, fell 3.2 percent to 13,310 yen. The company said existing-store sales at its Uniqlo casual clothing shops in Japan fell 4 percent in October from a year earlier, the third straight month of decline.

Gree Inc. (3632) (3632 JT), a social-network service provider, gained 8.1 percent to 2,779 yen. Deutsche Bank raised the stock’s target price to 3,500 yen from 3,020 yen after the company posted first-quarter net income of 9.5 billion yen.

Hitachi Zosen Corp. (7004) (7004 JT), a maker of ships and environmental equipment, rose 2.8 percent to 109 yen. The company will increase output of bioethanol-manufacturing equipment by tenfold to meet demand for renewable energy, the Nikkei newspaper reported.

Komatsu Ltd. (6301) (6301 JT), world’s second-biggest maker of construction and mining machinery, surged 6.9 percent to 1,970 yen. Credit Suisse estimated its operating profit ratio in the machinery segment would rise to a record 15.6 percent for the six months ending March 31.

Kubota Corp. (6326) (6326 JT), a farm-machinery maker, surged 6.7 percent to 652 yen. The company reported first-half operating income of 49 billion yen, beating its forecast by 9.4 percent as construction machinery sales grew.

Mazda Motor Corp. (7261) (7261 JT) slid 4.4 percent to 151 yen. The carmaker expects a full-year loss of 19 billion yen after an earlier forecast of a 1 billion yen profit, saying the yen’s appreciation hurt earnings.

Minebea Co Ltd. (6479) (6479 JT), an electronic-parts maker, soared 10 percent to 292 yen. Nomura Securities raised the stock’s price target to 360 yen from 340 yen, citing improving profit and rising share in the hard-disk-drive motors segment.

Mixi Inc. (2121) (2121 JP), operator of Japan’s largest online social-networking service, dipped 1.1 percent to 237,000 yen. The company cut its full-year net-income forecast to 500 million yen to 1.1 billion yen from an earlier outlook of 1.9 billion yen, citing a drop in online advertising revenue.

Nippon Sheet Glass Co. (5202 JT) dropped 4.4 percent to 152 yen. The glassmaker cut its full-year net-income forecast 22 percent to 14 billion yen, missing analysts’ estimate of a 15.6 billion yen profit in a Bloomberg survey. The company said profit fell amid rising energy costs and overproduction in China drove down prices.

Nissan Motor Co. (7201 JT) rose 4.9 percent to 735 yen. The carmaker raised its full-year net-income forecast 7.4 percent to 290 billion yen.

NTT DoCoMo Inc. (9437) (9437 JT), Japan’s largest mobile-phone carrier, gained 1.2 percent to 138,500 yen. The company lifted its full-year net-income forecast 2.4 percent to 514 billion yen on rising smartphone sales, compared with analysts’ estimate of a 512 billion yen gain.

Olympus Corp. (7733) (7733 JT) plunged 6.8 percent to 1,118 yen. The endoscope maker postponed the announcement of first-half earnings after setting up an independent committee to investigate past acquisitions, notably the $2 billion purchase of Gyrus Group Plc. in which advisers were paid $687 million. The company said it may release earnings by the end of the month.

Sony Corp. (6758) (6758 JT), Japan’s largest exporter of consumer electronics, slumped 7.9 percent to 1,400 yen. JPMorgan Securities cut the company’s investment rating to “neutral,” saying Sony was struggling to make its products more attractive. The company forecast a full-year loss of 90 billion yen, compared with an earlier projection of a 60 billion yen profit.

Sumitomo Corp. (8053) (8053 JT), a trading company, jumped 5.5 percent to 1,032 yen. Nomura Securities maintained a ”buy” rating for the company, citing better-than-expected trading of natural resources and steel products. The share price is cheap in terms of valuation, Nomura said.

To contact the reporters on this story: Masaaki Iwamoto in Tokyo at miwamoto4@bloomberg.net;

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

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