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Japan Stocks: Gree, Mazda, Nomura, Panasonic, Shippers, Toyota

Japan’s Nikkei 225 Stock Average (NKY) rose 127.48, or 1.6 percent, to 8,287.49 as of 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.

Shippers: Topix Marine Transportation Index (TPMART), the worst performing of the 33 industries in the Topix index this year, surged after reaching a more than two-year low on Nov. 24. The shares rose amid speculation that the U.S. economy is recovering and more will be done to contain Europe’s sovereign-debt crisis.

Nippon Yusen K.K. (9101 JT) jumped 5 percent to 167 yen. Mitsui O.S.K. lines Ltd. (9104 JT) advanced 6.2 percent to 240 yen. Kawasaki Kisen Kaisha Ltd. (9107) (9107 JT) soared 5.7 percent to 130 yen.

EGuarantee Inc. (8771) (8771 JQ), a company that analyzes the credit risk of loans, plummeted 16 percent to 780 yen. The company plans to raise as much as 849.7 million yen ($11 million) by selling new shares, according to a filing with Japan’s finance ministry.

Gree Inc. (3632 JT), a provider of online game service, rose 4 percent to 2,505 yen. SMBC Nikko Securities raised its target price to 3,300 yen from 3,000 yen, citing the average revenue per user will keep its upward trend due to rich and popular contents.

Hitachi Chemical Co. (4217 JT) rose 2 percent to 1,420 yen and Shin-Kobe Electric Machinery Co. (6934 JT) rose by its daily limit, or 25 percent, to 1,513 yen. Hitachi Chemical will pay as much as 36 billion yen to buy Shin-Kobe Electric Machinery in a tender offer at 1,710 yen a share, according to a statement.

Honda Motor Co. (7267 JT) rose 4.1 percent to 2,313 yen. The company will start producing large and midsize motorcycles in Thailand, shifting its production base from Japan, as early as October 2012 in response to the strong yen, the Yomiuri newspaper reports.

Mazda Motor Corp. (7261 JT) gained 3 percent to 137 yen. The automaker agreed to start talks with OAO Sollers to establish a joint-venture production facility in Russia, the Japanese company said in a statement.

Mitsui Mining & Smelting Co. (5706) (5706 JT), a producer of non- ferrous metal, soared 8 percent to 189 yen. Credit Suisse raised its investment rating from “neutral” to “outperform,” saying products that command high global market share, such as copper foil for smartphones, are likely to contribute more to its earnings.

Mitsumi Electric Co. (6767) (6767 JT), an electric-parts maker, jumped 7.8 percent to 509 yen. Nomura Securities said the next- generation game console business is expected to contribute to earnings from the second-half of the next fiscal year and operating profit will swing to a full-year gain in the year ending March 2014.

Nippon Steel Corp. (5401 JT), Japan’s largest steelmaker gained 4.1 percent to 178 yen. Ternium SA, the second-largest steelmaker, and Tenaris SA agreed to pay 5.03 billion reais ($2.66 billion) for a 27.7 percent voting stake in Usinas Siderurgicas de Minas Gerais SA, joining Nippon Steel Corp. (5401) in the group that controls Brazil’s second-largest steelmaker.

Nomura Holdings Inc. (8604) (8604 JT), Japan’s largest brokerage, rose 4.4 percent to 240 yen. The company started cutting jobs in its home market, said two people with knowledge of the matter. Nomura last week gave notice to about 15 employees in Tokyo, who were working at its equity-related businesses in the global markets division, said the people.

Panasonic Corp. (6752) (6752 JT), an electronics maker, gained 3.1 percent to 706 yen. The company will spend 45 billion yen to build a solar-cell plant in Malaysia, according to a statement to the Tokyo Stock Exchange.

Rhythm Watch Co. (7769 JT), a clockmaker, surged 12 percent to 110 yen. The company said it will spend as much as 1 billion yen to buy back as much as 5.3 percent of its outstanding shares.

Suzuki Motor Corp. (7269) (7269 JT), an automaker, rose 1.3 percent to 1,563 yen. The company will resume partial production of motorcycles at its plant in Thailand starting Dec. 1, after output was disrupted due to flooding, according to an e-mailed statement.

Toshiba Corp. (6502) (6502 JT), the world’s No. 2 flash memory- chip maker, rose 4.6 percent to 343 yen. The company’s subsidiary, Westinghouse Electric Company, is going to launch the construction of four nuclear reactors in the U.S. as early as the end of this year, as the U.S. restarts construction of reactors after 34-year halt, various media reported over the weekend.

Toyota Motor Corp. (7203) (7203 JT), Japan’s biggest automaker, jumped 2.9 percent to 2,483 yen. The company introduced the new 86 coupe on Nov. 27, saying the rear-wheel-drive sportscar will be available in the northern hemisphere from spring next year. The company is also in talks with Bayerische Motoren Werke AG over sharing engines, Sueddeutsche Zeitung reported, citing unidentified people close to the negotiations.

To contact the reporter 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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