Japan Stocks: CKD, Jupiter, Mitsubishi Tanabe, Tokyo Electron

Japan’s Nikkei 225 Stock Average rose 43.67, or 0.4 percent, to 11,204.90 as of the close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Best Denki Co. (8175 JT) leapt 7.6 percent to 296 yen. The electrics retailer forecast it will return to a net income of 1.49 billion yen ($16 million) this fiscal year from a loss of 37.4 billion yen it posted for the year ended Feb. 28.

CKD Corp. (6407 JT) climbed 7.3 percent to 807 yen. The maker of pneumatic equipment and control devices was raised to “neutral” from “underperform” by Yoshihiro Ujihara, an analyst at Mizuho Securities Co.

Don Co. (8216 JO) plummeted 39 percent to 46 yen, the steepest slide since at least May 1990. The steak restaurant chain said there are doubts about its viability as a “going concern.” Its liabilities were worth 1.78 billion yen more than its assets as of Feb. 28.

Fuji Heavy Industries Ltd. (7270 JT) extended yesterday’s gain, rising 4 percent to 516 yen, the highest close since October 2008, after the maker of Subaru cars had its 12-month share price estimate increased to 620 yen from 500 yen by Noriaki Hirakata, an analyst at Morgan Stanley.

Imasen Electric Industrial Co. (7266 JT) soared 15 percent to 1,373 yen, the highest close since September 2008. The auto-parts maker said in a preliminary earnings statement full-year net income was 3.15 billion yen, 58 percent above its profit outlook because of lower costs.

Jupiter Telecommunications Co. (4817 JQ) plunged 11 percent to 93,000 yen, the sharpest slide since its listing on the Jasdaq Securities Exchange in March 2005. Sumitomo Corp.’s (8053 JT) offer to pay a premium to raise its stake in the Japanese cable-television operator ends today. Sumitomo slipped 0.3 percent to 1,128 yen.

Kajima Corp. (1812 JT) advanced 5.2 percent to 242 yen, the highest close since Sept. 24. The general contractor said in a preliminary statement that it expects to earn 26 billion yen in operating profit this fiscal year, compared with a 9 billion yen loss for the year ended March 31.

Kintetsu Department Store Co. (8244 JO) surged 8.2 percent to 158 yen, the sharpest increase since December 2008. The department-store operator expects to have 600 million yen in net income this fiscal year, recovering from a loss of 9.33 billion yen it posted for the year ended Feb. 28.

Mitsubishi Tanabe Pharma Corp. (4508 JT) lost 3.6 percent to 1,272 yen. The drugmaker was ordered by Japan’s Health Ministry to suspend some operations after a unit falsified some product data, the Nikkei newspaper reported, without citing anyone. The company was ordered to suspend the operations for 25 days, according to the report, which didn’t specify what operations were subject to the penalty. Kazuko Hamada, a Mitsubishi Tanabe spokeswoman, confirmed the penalty.

Pal Co. (2726 JT) jumped 14 percent to 2,649 yen, the highest close since December 2007. The apparel retailer forecast net income will rise 29 percent to 3 billion yen this fiscal year.

Shimachu Co. (8184 JT) declined 4 percent to 1,950 yen. The chain of furniture stores said first-half net income dropped 20 percent to 2.59 billion yen on a parent basis.

Sugi Holdings Co. (7649 JT) gained 3.4 percent to 2,350 yen. The drugstore chain said it expects its net income to increase 30 percent to 6.75 billion yen this fiscal year.

Takeuchi Manufacturing Co. (6432 JQ) tumbled 4.1 percent to 1,368 yen. The excavator maker said its full-year net loss was 205 million yen, wider than its 10 million yen loss projection, citing a foreign-exchange charge, according to a preliminary earnings statement.

Tokyo Electron Ltd. (8035 JT) rallied 3.6 percent to 6,590 yen, the highest close since August 2008. The world’s second-largest maker of semiconductor equipment said orders in the three months ended March 31 rose more than 20 percent to 134 billion yen from the preceding quarter.

Yamato Holdings Co. (9064 JT) rose 2.5 percent to 1,356 yen. Japan’s biggest parcel-delivery service company may report operating profit increased 9 percent to 61 billion yen for the year ended March 31, about 1 billion yen higher than projected because of a rebound in parcel deliveries, Nikkei English News said, without saying where it obtained the information.

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