Japan Stocks: Citizen, Fuhrmeister, Japan Wind, Shimano

Japan’s Nikkei 225 Stock Average rose 217.25, or 2.3 percent, to 9,516.56 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.

Brother Industries Ltd. (6448 JT), an office-equipment maker, leapt 5.1 percent to 1,016 yen. The company had its rating increased to “outperform” from “neutral” at Macquarie Group Ltd.

Citizen Holdings Co. (7762 JT), a watchmaker, jumped 5 percent to 484 yen. The company was raised to “above average” from “neutral” at Tokai Tokyo Securities Co.

Fuhrmeister Electronics Co. (3165 JQ), a Japanese trader of semiconductors and electronic parts, traded at 1,012 yen, compared with the initial offering price of 1,000 yen. The company was listed on the Jasdaq Securities Exchange today.

H.I.S. Co. (9603 JT), Japan’s largest listed travel agency by revenue, lost 3.1 percent to 1,705 yen. The company was cut to “neutral” from “buy” at Nomura Holdings Inc.

Japan Wind Development Co. (2766 JT), a wind-power developer, surged 21 percent to 124,700 yen. Japan Wind will begin a two-year pilot program in Aomori prefecture in northern Japan with Toyota Motor Corp. (7203 JT), Hitachi Ltd. (6501 JT) and Panasonic Electric Works Co. (6991 JT), according to a statement filed to the Tokyo Stock Exchange. Toyota gained 3.8 percent to 3,010 yen. Hitachi climbed 2.5 percent to 367 yen. Panasonic gained 0.1 percent to 1,108 yen.

Leopalace21 Corp. (8848 JT), a real-estate company, sank 2 percent to 150 yen. The company said the amount of orders received for apartment construction totaled 4.59 billion yen in August, lower than 14.8 billion yen a year ago.

Meiji Holdings Co. (2269 JT), a dairy products maker, advanced 2.3 percent to 3,980 yen. The company said in a statement it aims to have 1.5 trillion yen in sales and an operating margin of 5 percent or more in fiscal 2020.

Shimano Inc. (7309 JO), a maker of bicycle equipment and fishing gear, rose 3.4 percent to 4,315 yen. The company said it will spend as much as 2 billion yen to buy back up to 0.5 percent of its outstanding shares.

Toyota Tsusho Corp. (8015 JT), a trading unit of Toyota Motor Corp. (7203 JT), gained 3.9 percent to 1,209 yen. The company was raised to “neutral” from “sell” at Goldman Sachs Group Inc.

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