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Japan Stocks: Central Japan, FCC, Skymark, Sumitomo Osaka

Oct. 21 (Bloomberg) -- Japan’s Nikkei 225 Stock Average fell 5.12, or less than 0.1 percent, to 9,376.48 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.

Central Japan Railway Co. (9022 JT), Japan’s largest operator of high-speed trains, slumped 5.7 percent to 609,000 yen, the sharpest slide since March 2009. The government said a planned magnetic-levitation line linking Tokyo and Nagoya may cost more than the company forecast.

FCC Co. (7296 JT), a clutch maker, rallied 2.2 percent to 1,803 yen. The company had 4.5 billion yen in net income in the six months to Sept. 30, which was 29 percent higher than forecast, helped by government incentives to buy less-polluting cars, the company said in a preliminary earnings statement.

Kabu.com Securities Co. (8703 JT), an online brokerage, gained 1.9 percent to 322 yen. The company was raised to “outperform” from “neutral” at Credit Suisse Group AG.

Kanto Auto Works Ltd. (7223 JT), an assembler of passenger cars for Toyota Motor Corp. (7203 JT), climbed 3.3 percent to 506 yen. The company said first-half net income reached 1.7 billion yen, compared with the company’s forecast of 1 billion yen, according to a preliminary earnings statement. Toyota gained 0.4 percent to 2,900 yen.

Macnica Inc. (7631 JT), a distributor of semiconductors and electronic components, jumped 6.2 percent to 1,676 yen. The company boosted its full-year net income forecast by 38 percent to 3.38 billion yen because of increasing orders.

NTT Data Corp. (9613 JT), the network-services unit of Japan’s largest phone company, rose 1.5 percent to 250,600 yen. The company is in talks to buy Boston-based Keane Inc. for more than 100 billion yen, a person familiar with the matter said.

Skymark Airlines Inc. (9204 JT), Japan’s largest low-fare carrier, surged by the daily limit of 100 yen, or 15 percent, to 784 yen, the highest close since June 2005. The company more than doubled its net income forecast for the year ending in March to 5.5 billion yen from 2.5 billion yen on a parent basis, citing strong sales.

Sumitomo Osaka Cement Co. (5232 JT), a cement maker, leapt 5.6 percent to 151 yen. Tradewinds Global Investors LLC increased its stake in the company to 6.17 percent from 5.06 percent, according to a filing with Japan’s Ministry of Finance.

Toyota Boshoku Corp. (3116 JT), a parts affiliate of Toyota Motor Corp., tumbled 4.2 percent to 1,352 yen. The company had its rating cut to “underperform” from “neutral” at Mitsubishi UFJ Morgan Stanley Securities Co.

TV Tokyo Holdings Corp. (9413 JT), a television broadcaster, declined 3.1 percent to 1,217 yen. The company’s September revenue fell 3.8 percent to 7.43 billion yen on a parent basis from the same month a year earlier.

West Japan Railway Co. (9021 JT), Japan’s third-largest rail operator by market value, fell 3.3 percent to 295,500 yen. The company was rated “underweight” in new coverage at Barclays Capital.

Yaskawa Electric Corp. (6506 JT), a maker of servomotors, retreated 2.8 percent to 657 yen. The company’s rating was lowered to “sell” from “hold” at Citigroup Global Markets Japan Inc.

To contact the reporter on this story: Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net.

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