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Japan Stocks: Advantest, Elpida, Fast Retailing, Nikon

Japan’s Nikkei 225 Stock Average (NKY) rose 8.13, or 0.1 percent, to 8,173.31 at the 11:30 a.m. trading break in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Chip-making equipment companies: Advantest Corp. (6857 JT) and Ulvac Inc. (6728 JT) gained after the Nikkei newspaper reported that orders will likely rise 30 percent for Japanese eight main companies that produce equipment for manufacturing chips and liquid-crystal in the three months ending Dec. 31 from the previous quarter.

Advantest, the world’s biggest maker of memory-chip testers, gained 2.2 percent to 794 yen. Ulvac, a maker of vacuum devices for semiconductors, climbed 5.6 percent to 910 yen. Disco Corp. (6146 JT) rose 1.7 percent to 3,685 yen. Tokyo Electron Ltd. (8035 JT) added 1.3 percent to 3,910 yen.

Elpida Memory Inc. (6665 JT), the world’s third-largest memory-chip maker, jumped 6.5 percent to 378 yen. SMBC Nikko Securities Inc. boosted the equity rating to “outperform” from “neutral.” Also, Elpida has developed a 4-gigabit mobile random-access memory chip that can achieve a high-speed data transfer rate of 1,600Mbps at a low operating voltage, the company said on its website yesterday.

Genky Stores Inc. (2772) (2772 JT), a drugstore operator, soared 9.4 percent to 1,569 yen. Same-store sales in the month ended Nov. 20 rose 6.2 percent from the same month a year earlier, the retailer said in a release.

Hitachi Chemical Co. (4217 JT), a chemical producer, advanced 3.3 percent to 1,395 yen. Sales of materials used for touch panels at Hitachi Chemical will likely quadruple to about 12 billion yen in the fiscal year ending March 2012, beating its 6 billion yen estimate, the Nikkei newspaper report. ‘Favorable demand for smartphones and tablet terminals is boosting the sales, the report said.

JGC Corp. (1963 JT), a plant-engineering company, slipped 2.2 percent to 1,819 yen. Deutsche Bank AG cut the stock price estimate on JGC to 2,300 yen from 2,600 yen, citing “the stronger yen, and delays to major orders.”

Nikon Corp. (7731 JT), a camera maker, gained 2.8 percent to 1,740 yen. The company, which shut its main plant in Thailand due to floods, will start substitute production of digital single-lens reflex cameras in the country at the end of November, nearly a month ahead of schedule, the Nikkei newspaper reported.

Nintendo Co. (7974 JO), the world’s largest maker of video- game players, rallied 4 percent to 11,280 yen. Sales of Nintendo’s 3DS handheld game players may start picking up due to favorable sales of a new series of “Super Mario Bros,” the Nikkei newspaper reported. The company sold 340,000 3DS by the third week of November, exceeding October sales of 240,000, the report said.

Olympus Corp. (7733) (7733 JT), a maker of optical equipment, soared 21 percent to 1,230 yen. Former Olympus President Michael C. Woodford said his meeting with the Japanese endoscope maker’s board was “constructive,” and the directors are united in keeping it a listed company. Olympus’s priority is to produce its first-half earnings by the deadline of Dec. 14, Woodford said. He spoke to reporters in Tokyo today after the board meeting. Separately, directors at Olympus who colluded to cover up losses resigned a day before they were due to face the whistle-blower president they fired, according to a statement.

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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