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Japan Stocks: Elpida, Fancl, Fast Retailing, Minebea, Softbank

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Nov. 4 (Bloomberg) -- Japan’s Nikkei 225 Stock Average rose 198.80, or 2.2 percent, to 9,358.78 at the close in Tokyo. Markets were closed yesterday for a national holiday. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

ABC-Mart Inc. (2670 JT), a shoe retailer, gained 4.4 percent to 2,927 yen. The company said same-store sales in October jumped 14.9 percent from a year earlier, aided by higher customer traffic.

Aoyama Trading Co. (8219 JO), an apparel retailer, declined 4.6 percent to 1,213 yen. The company reduced its annual net income forecast 37 percent to 4.6 billion yen ($57 million) as it plans to take a currency-derivative charge.

Daikyo Inc. (8840 JT), a property developer, rallied 9.4 percent to 128 yen. The company said in a preliminary earnings statement first-half net income amounted to 3.3 billion yen, beating its forecast of 300 million yen, with higher-than-expected sales and lower administration costs.

Fancl Corp. (4921 JT), a maker of cosmetics and nutritional supplements, tumbled 8.9 percent to 1,121 yen, the lowest since June 2009. The company slashed its full-year net income projection by 43 percent to 2.5 billion yen, citing charges for store closures and reorganizations in its production units.

Fast Retailing Co. (9983 JT), Asia’s biggest clothing chain operator, leapt 8.1 percent to 11,700 yen, the biggest gain since Oct. 5, 2009, after its Uniqlo chain posted its smallest domestic sales decline in three months.

Foster Electric Co. (6794 JT), a speaker maker, jumped 8.1 percent to 1,874 yen. The company raised its full-year operating profit 1.1 percent to 9.5 billion yen, with higher-than-expected sales.

Ibiden Co. (4062 JT), a maker of ceramics and building materials, lost 2.8 percent to 1,916 yen, the lowest since March 2009. The company said first-half net income rose 43 percent to 6.91 billion yen. That was 16 percent below the Toyo Keizai estimate of 8.2 billion yen.

Idemitsu Kosan Co. (5019 JT), an oil refiner, gained 5.2 percent to 7,080 yen. The company boosted its full-year net income projection to 26 billion yen from 10 billion yen expected previously as the stronger yen reduced its oil costs.

Inpex Corp. (1605 JT), Japan’s biggest energy explorer, rose 2.6 percent to 430,500 yen. The company’s rights to develop oil fields in Abu Dhabi, which expire in 2018, will likely be renewed, the Nikkei newspaper reported, citing the chief executive officer of Abu Dhabi’s state-run oil firm.

Minebea Co. (6479 JT), a ball-bearing maker, rallied 5.6 percent to 453 yen. The company raised its full-year net income forecast by 8 percent to 13.5 billion yen, with higher-than-expected sales.

Mitsui Chemicals Inc. (4183 JT), a chemical maker, soared 6.1 percent to 242 yen, the steepest rise since Dec. 4. The company had a return to first-half net income of 17.1 billion yen from a year-earlier loss on higher sales, Mitsui Chemicals said in a release two hours before the market closed on Nov. 2.

Nippon Paper Group Inc. (3893 JT), a papermaker, sank 2.4 percent to 1,956 yen, the lowest since at least March 2001. The company cut its full-year net income estimate 25 percent to 15 billion yen, citing sluggish paper demand, Nippon Paper said in a release one hour before the market closed on Nov. 2.

NKSJ Holdings Inc. (8630 JT), a casualty insurer, advanced 3.8 percent to 551 yen. The company said in a preliminary earnings statement it had first-half profit more than double its forecast.

Ono Pharmaceutical Co. (4528 JO), a drugmaker, jumped 6 percent to 3,600 yen, the biggest rise since December 2008, after saying it will buy back and cancel as much as 7.82 percent of its outstanding shares.

Suzuki Motor Corp. (7269 JT), Japan’s second-largest minicar maker, climbed 3.7 percent to 2,044 yen. The company raised its full-year forecast for net income by 17 percent to 35 billion yen because of higher sales in Asia.

Takasago International Corp. (4914 JT), an aroma chemicals producer, surged 8.1 percent to 412 yen, the largest gain since January 2009. The company boosted its full-year net income outlook 54 percent to 3.7 billion yen, citing an earnings recovery of its overseas subsidiaries.

Tokyo Electron Ltd. (8035 JT), the world’s second-largest maker of semiconductor equipment, increased 3.1 percent to 4,670 yen. The company increased its profit and dividend forecasts after second-quarter net income beat analyst estimates.

To contact the reporter on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net.

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

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