Ebara, Elpida, Fujitsu, JFE, Kubota, TBK, Toyota: Japan Stocks

Japan’s Nikkei 225 Stock Average rose 98.07, or 1.1 percent, to 9,015.59 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.

Contractors: Kajima Corp. (1812 JT), Taisei Corp. (1801 JT) and other construction companies declined after Nomura Holdings Inc. said in a note to clients that contractors are facing deteriorations in order profitability as competitions remain high in the private-sector-led constructions. Kajima sank 4.2 percent to 253 yen. Taisei lost 4.1 percent to 209 yen. Shimizu Corp. (1803) (1803 JT) slid 3.7 percent to 336 yen. Obayashi Corp. (1802) (1802 JT) fell 3.5 percent to 358 yen.

Steelmakers: JFE Holdings Inc. (5411 JT) and other steelmakers gained after ArcelorMittal, the world’s top steelmaker, posted fourth-quarter profit that was in line with analyst estimates and forecast an improvement in the first half. JFE jumped 6.7 percent to 1,503 yen. Nippon Steel Corp. (5401) (5401 JT) gained 5.6 percent to 206 yen. Sumitomo Metal Industries Ltd. (5405) (5405 JT) advanced 5.7 percent to 148 yen. Kobe Steel Ltd. (5406) (5406 JT) climbed 5.7 percent to 130 yen.

DeNA Co. (2432 JT), Japan’s biggest social-network website operator, jumped 8.4 percent to 2,485 yen. DeNA said it will spend as much as 10 billion yen ($130 million) to buy back up to 3.4 percent of its shares. Also, DeNA forecast operating profit will rise 9.6 percent to 61.5 billion yen in the year through March on a 28 percent gain in sales.

Ebara Corp. (6361 JT), a pump maker, tumbled 8.9 percent to 277 yen. The company swung to a 930 million yen loss from net income of 10.2 billion yen a year earlier, partly hurt by foreign exchange losses.

Elpida Memory Inc. (6665) (6665 JT), the world’s third-largest chipmaker, soared 9.4 percent to 373 yen. Elpida and Globalfoundries Inc. officials will meet this week for talks on the sale of Elpida’s Hiroshima plant, the Nikkei newspaper reported, without citing anyone. Elpida may make Taiwan its main base for producing memory chips for personal computers, the report said.

Fujitsu Ltd. (6702) (6702 JT) advanced 2.9 percent to 391 yen. Panasonic Corp. (6752) (6752 JT) rose 3.3 percent to 657 yen. Renesas Electronics Corp. (6723) (6723 JT) soared 10 percent to 556 yen. The electronics makers are in talks to merge their chip operations, the Nikkei reported, without citing anyone.

Idemitsu Kosan Co. (5019 JT), a petroleum refiner, lost 3.8 percent to 8,160 yen. The company cut its full-year net-income forecast 17 percent to 56 billion yen, citing lower petrochemical sales.

Kubota Corp. (6326 JT), a farm-equipment maker, rallied 7.3 percent to 749 yen. The company said operating profit rose 11 percent to 76.8 billion yen in the nine months ended Dec. 31, buoyed by higher overseas sales of machinery and cost cuts. Kubota also said it plans to raise its second-half dividend to 8 yen per share from 7 yen a year earlier.

Nippo Corp. (1881 JT), a road paver, leapt 5.2 percent to 896 yen, the highest since June 2009. The company boosted its full-year net-income projection by about a third to 7.5 billion yen, citing more-than-expected sales and cost cuts.

Rinnai Corp. (5947 JT), a maker of stoves and other gas appliances, advanced 5.9 percent to 5,530 yen. Rinnai said operating profit rose 5.9 percent to 20.7 billion yen in the nine months ended Dec. 31, citing higher domestic sales and cost cuts.

TBK Co. (7277 JT), a maker of pumps and brakes, surged 15 percent to 461 yen, the steepest rise since April 2010. The company boosted its full-year net income forecast 28 percent to 2.3 billion yen, saying Thailand’s floods had less impact on its supply chain than expected. TBK also raised its planned second- half dividend to 7 yen per share from 5 yen.

Toyota Motor Corp. (7203 JT), Japan’s biggest carmaker, jumped 5 percent to 3,135 yen. The company raised its net-income forecast 11 percent to 200 billion yen as rebounding sales in the U.S. help Japanese manufacturers emerge after a year marked by natural disasters at home and in Thailand.

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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