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Japan Stocks: Bridgestone, Hitachi, Mitsui O.S.K., Ube

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Oct. 22 (Bloomberg) -- Japan’s Nikkei 225 Stock Average rose 50.23, or 0.5 percent, to 9,426.71 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.

Aichi Steel Corp. (5482 JT), a maker of specialty steel, jumped 4.2 percent to 445 yen, the highest close since September 2008. The company was rated “outperform” in new coverage at Credit Suisse Group AG.

Bridgestone Corp. (5108 JT), the world’s largest tiremaker by sales, rose 1.9 percent to 1,455 yen. The company said it will invest 24 billion yen ($296 million) to increase production capacity for large tires and steel cords for vehicles used by construction and mining companies.

Century Tokyo Leasing Corp. (8439 JT), which provides businesses with lease financing for their equipment needs, surged 6.3 percent to 1,132 yen, the steepest increase since March 30. The company raised full-year net income forecast 10 percent to 21.5 billion yen. The company also increased the planned annual dividend to 38 yen from 32 yen.

Haseko Corp. (1808 JT), a general contractor, advanced 1.5 percent to 69 yen. The company’s first-half net income increased more than expected to 7.2 billion yen from 4.1 billion yen a year ago, according to a preliminary earnings statement. The company had forecast a profit of 3 billion yen.

Hitachi Ltd. (6501 JT), an electronics maker, gained 2.9 percent to 357 yen. The company may post operating profit of more than 200 billion yen for the six months ended September, topping a previous forecast of 170 billion yen, Nikkei English News reported, without saying where it got the information or mentioning revenue figures. Hitachi said it’s not the source of the report.

Hitachi Zosen Corp. (7004 JT), an industrial machinery maker, rose 3.5 percent to 118 yen. The company booked 5.6 billion yen in net income for the six months to Sept. 30, beating its forecast by 87 percent, according to a preliminary earnings statement.

J. Front Retailing Co. (3086 JT), a retailer, retreated 3.5 percent to 415 yen. The company had its rating cut to “neutral” from “neutral plus” at Toward the Infinite World Inc.

Kameda Seika Co. (2220 JT), a maker of rice crackers, increased 2.2 percent to 1,700 yen, the biggest gain since Nov. 25. The company said it will spend as much as 2 billion yen to buy back up to 4.6 percent of its shares.

Mitsui O.S.K. Lines Ltd. (9104 JT) advanced 2 percent to 519 yen. Nippon Yusen KK (9101 JT) gained 0.3 percent to 332 yen. The shipping lines may report pretax profit of about 80 billion yen each, topping a forecast of about 70 billion yen each, Nikkei English News reported, without saying where it got the information. The companies said they aren’t the sources of the report.

Miura Co. (6005 JT), an industrial boiler maker, declined 3.8 percent to 1,888 yen. The company cut its full-year net income forecast 23 percent to 3.1 billion yen, citing losses from currency-exchange rates and valuations.

NEC Capital Solutions Ltd. (8793 JT), which leases machinery and equipment, leapt 5.9 percent to 1,030 yen, rising the most since Nov. 30. Net income for the six months to Sept. 30 was 3.4 billion yen, beating its forecast by 79 percent, according to a preliminary earnings statement.

Tokyo Seimitsu Co. (7729 JT), a maker of chip-manufacturing equipment, advanced 3.9 percent to 1,073 yen. The company had 2.2 billion yen in first-half net income, 29 percent higher than forecast, helped by a recovery in capital spending and strong demand from emerging nations in Asia, according to a preliminary earnings statement.

Ube Industries Ltd. (4208 JT), a chemical products maker, gained 2.6 percent to 200 yen. The company raised its full-year net income forecast 17 percent to 17 billion yen because of stronger sales.

Yamato Holdings Co. (9064 JT), a logistics company, advanced 1.5 percent to 1,030 yen. The company will spend 270 million yen to provide package delivery services in Hong Kong.

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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