Japanese Stocks: Dentsu, Dwango, JGC, Komatsu, Pacific Metals

Japan’s Nikkei 225 Stock Average rose 114.43, or 1.4 percent, to 8,500.02 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.

Machinery makers: Komatsu Ltd. (6301) (6301 JT) and other companies in the sector gained after an industry group said the nation’s machine tool orders rose 17.4 percent in December from a year earlier.

Komatsu rose 4.1 percent to 1,979 yen. Okuma Corp. (6103) (6103 JT) added 2.5 percent to 491 yen. Hitachi Construction Machinery Co. (6305) (6305 JT) climbed 3.8 percent to 1,371 yen.

Advance Residence Investment (3269 JT), a real estate investment trust, fell 2.2 percent to 140,800 yen. The company said it will raise as much as 15.8 billion yen ($206 million) in a share sale.

Dentsu Inc. (4324) (4324 JT), Japan’s biggest advertising company, jumped 4.3 percent to 2,421 yen. The company said parent-based sales rose 8.4 percent to 137.1 billion yen in December from a year earlier.

Dwango Co. (3715) (3715 JT), a mobile content provider, rallied 5.4 percent to 130,700 yen after Deutsche Bank AG initiated coverage of the stock with a “buy” rating, saying “growth will exceed market expectations.”

JGC Corp. (1963 JT) climbed 3.9 percent to 1,975 yen and Chiyoda Corp. (6366 JT) gained 3.1 percent to 824 yen. The engineering companies’ venture with KBR Inc. has won a $15 billion contract to build facilities for Inpex Corp.’s liquefied natural gas plant in Australia, JGC said in an online release.

Nichi-iko Pharmaceutical Co. (4541 JT) rose 2.2 percent to 1,748 yen. The drugmaker will spend 4.5 billion yen to build a plant in Toyama prefecture, according to its website.

Nippon Sharyo Ltd. (7102) (7102 JT), a maker of freight rail cars, soared 7.3 percent to 310 yen after saying it won a bullet train contract from parent company Central Japan Railway Co. (9022) (9022 JT).

Pacific Metals Co. (5541 JT) rallied 4.5 percent to 375 yen after Goldman Sachs Group Inc. said the ferronickel producer was among Japanese stocks that will rise the most this year.

Pegasus Sewing Machine Manufacturing Co. (6262) (6262 JT) surged 19 percent to 253 yen. Operating profit will probably jump 64 percent to about 700 million yen in the fiscal year ending March on rising prices for sewing machines and lower materials costs, the Nikkei newspaper reported, without citing anyone. The company is likely to pay a full-year dividend of as much as 4 yen per share, the report said.

Toyo Electric Manufacturing Co. (6605) (6505 JT) lost 3.3 percent to 293 yen. The company cut its full-year net-income forecast 42 percent to 750 million yen, citing a stronger yen and higher raw material costs.

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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