Japan Stocks: Ebara, Fuji Heavy, JX, Resona, Rohm, Taiyo Yuden

Nov. 8 (Bloomberg) -- Japan’s Nikkei 225 Stock Average rose 106.93, or 1.1 percent, to 9,732.92 at the close of Tokyo trading. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.

Regional banks: Bank of Yokohama Ltd. (8332 JT) fell 2.2 percent to 398 yen. Chiba Bank Ltd. (8331 JT) lost 3.2 percent to 488 yen. Hachijuni Bank Ltd. (8359 JT) declined 2.1 percent to 414 yen. Gunma Bank Ltd. (8334 JT) dropped 2.9 percent to 400 yen. Suruga Bank Ltd. (8358 JT) retreated 2.4 percent to 721 yen. Nomura Holdings Inc. analyst Masahiko Sato cut his ratings on the regional banks to “neutral” from “buy,” citing “lack of catalysts for share-price gains.”

Amano Corp. (6436 JT), a machinery maker, gained 3.4 percent to 705 yen. The company said first-half net income jumped to 478 million yen ($5.9 million) from 54 million yen a year earlier.

Asahi Glass Co. (5201 JT), a glassmaker, advanced 5.5 percent to 864 yen. The company boosted its full-year net income forecast to 120 billion yen from 110 billion yen.

Canon Marketing Japan Inc. (8060 JT), a distributor for Canon Inc. (7751 JT) products in Japan, soared 8 percent to 1,096 yen, the steepest gain since July 2009. The company said it will spend as much as 5 billion yen to buy back up to 3.9 percent of its shares. Canon gained 0.5 percent to 3,925 yen.

Credit Saison Co. (8253 JT), a credit-card company, jumped 5.5 percent to 1,238 yen, the highest close since May 14. The company raised its full-year net income forecast by 33 percent to 12 billion yen.

DIC Corp. (4631 JT), a producer of printing ink, jumped 6.7 percent to 160 yen. The company increased its full-year net income outlook to 18 billion yen from 16 billion yen, citing a one-time gain.

Ebara Corp. (6361 JT), a pump maker, slumped 7.2 percent to 333 yen, the biggest drop since Nov. 12, 2009. The company said its first-half sales declined 17 percent to 173 billion yen, falling short of the company’s target by 8.9 percent.

Fuji Heavy Industries Ltd. (7270 JT) rose 6.6 percent to 597 yen, the highest close since September 2008. The maker of Subaru-brand cars is aiming to boost car sales to 800,000 units globally in the year to March 2016, from the planned 660,000 units this fiscal year, the Nikkei newspaper reported, citing President Ikuo Mori.

ITX Corp. (2725 JQ), which imports and exports products such as network equipment and software, surged by the daily limit of 7,000 yen, or 15 percent, to 52,300 yen, the biggest gain since April 5. Olympus Corp. (7733 JT), an optical-equipment maker, will buy the rest of ITX through a tender offer, the companies said in press releases.

Ibiden Co. (4062 JT), a maker of ceramics and building materials, climbed 4.9 percent to 2,137 yen. The company was raised to “neutral” from “underweight” at JPMorgan Chase & Co.

JX Holdings Inc. (5020 JT), an oil refiner, jumped 6.3 percent to 527 yen. The company raised its full-year net income outlook 19 percent to 320 billion yen.

Kirin Holdings Co. (2503 JT), a brewer, declined 2.5 percent to 1,086 yen. The company booked a 42 percent drop in net income for the January-September period to 24.2 billion.

Namco Bandai Holdings Inc. (7832 JT), a video-game developer, climbed 2.2 percent to 784 yen. The company said its first-half net loss narrowed to 1.93 billion yen from 6.04 billion yen a year earlier. Namco Bandai also said it will buy back up to 2.1 percent of its shares.

Nipro Corp. (8086 JT), a maker of medical equipment, retreated 3.6 percent to 1,634 yen, the biggest drop since Jan. 27. The company booked first-half net income of 2.46 billion yen, down 26 percent from its forecast, according to a preliminary earnings statement. Nipro cut its planned first-half dividend to 18.5 yen a share from 23.5 yen.

Oiles Corp. (6282 JT), a bearing maker, soared 8.3 percent to 1,397 yen, the biggest increase since Feb. 2. The company said it will repurchase up to 4.7 percent of its shares.

OK Food Industry Co. (2905 JQ), which processes soybean products, soared by the daily limit of 30 yen, or 33 percent to 121 yen, the biggest gain since October 2003. Nippon Flour Mills Co. (2001 JT), a flour maker, offered to pay 123 yen a share to raise its stake in OK Food to 51 percent from 33.4 percent, according to a filing from the company. Nippon Flour fell 1.6 percent to 382 yen.

Olympus Corp. (7733 JT), an optical-equipment maker, slid 2.3 percent to 2,257 yen. The company cut its full-year net income forecast 29 percent to 15 billion yen.

Resona Holdings Inc. (8308 JT), Japan’s fourth-largest bank, plunged 8.6 percent to 468 yen, the lowest close since its listing on the Tokyo Stock Exchange in December 2001. The company registered to sell as much as 600 billion yen in shares to the public, according to a filing with the nation’s finance ministry. Citigroup Inc. cut its rating on the stock to “hold” from “buy.”

Rohm Co. (6963 JO), a maker of semiconductor devices used in consumer electronics, declined 3.1 percent to 4,990 yen. The company cut its full-year net income forecast to 12.5 billion yen from 25 billion yen.

Suzuken Co. (9987 JT), a drug wholesaler, sank 4.8 percent to 2,308 yen, its lowest close since February 2009. Nomura Holdings Inc. cut its rating on the company to “neutral” from “buy.”

Taiyo Yuden Co. (6976 JT), a maker of electronic components, advanced 5.7 percent to 1,127 yen. The company had its share price estimates increased at JPMorgan Chase & Co. and Goldman Sachs Group Inc.

To contact the reporters on this story: Norie Kuboyama in Tokyo at nkuboyama@bloomberg.net; Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.