Nov. 24 (Bloomberg) -- Japan’s Nikkei 225 Stock Average declined 75.76, or 0.8 percent, to 10,030.11 as of the 3 p.m. close of trading in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Dydo Drinco Inc. (2590 JT), a drinks company, rose 3.4 percent to 2,930 yen. The company said operating profit grew 35 percent to 5.93 billion yen ($72 million) from a year earlier for the same period.
Fast Retailing Co. (9983 JT), Japan’s biggest clothing chain operator, advanced 3.6 percent to 13,870 yen. Sales at its Uniqlo stores on Nov. 20 were 10.2 billion yen, a record for a single day, the company said on Nov. 22.
Hankyu Hanshin Holdings Inc. (9042 JT), an Osaka-based railway company, declined 1.8 percent to 386 yen. The company was cut to “underperform” from “neutral” by Mitsubishi UFJ Morgan Stanley Securities Co. The share price estimate was also lowered to 330 yen from 380 yen.
Sojitz Corp. (2768 JT), the trading company, jumped 9.1 percent to 168 yen. The company and Australia’s Lynas Corp. (LYC AU) to supply about 25 percent of Japan’s annual imports of rare earth metals, Lynas Chairman Nick Curtis said on a conference call.
Taiyo Holdings Co. (4626 JT), a maker of ink for circuit boards, gained 2.6 percent to 2,374 yen. The company said it will buy back up to 1.93 percent of its shares for as much as 1.5 billion yen. The company also plans to resume construction of a plant in China to meet demand.
Tokyu Land Corp. (8815 JT), a housing developer, sank 3.5 percent to 389 yen. The company’s rating was lowered to “neutral” from “overweight” by JPMorgan Chase & Co. The share price target was cut to 400 yen from 450 yen.
Yamato Holdings Co. (9064 JT), which provides door-to-door parcel delivery services, fell 4.3 percent to 1,070 yen. The company was cut to “hold” from “buy” at Deutsche Bank AG. The share price estimate was also reduced to 1,120 yen from 1,540 yen.
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