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Japanese Stocks: Alps Electric, Canon, Mitsui Fudosan, Sanyo

Dec. 22 (Bloomberg) -- Japan’s Nikkei 225 Stock Average fell 24.05, or 0.2 percent, to 10,346.48 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.

Real-estate companies: Credit Suisse Group analyst Masahiro Mochizuki wrote in a report that a further increase in real-estate prices will be driven by improving liquidity in 2011. Mochizuki listed Sumitomo Realty & Development Co. (8830 JT) and Mitsui Fudosan Co. (8801 JT) as top picks.

Sumitomo Realty advanced 2.3 percent to 1,987 yen. Mitsui Fudosan climbed 2.4 percent to 1,613 yen. NTT Urban Development Corp. (8933 JT) surged 6.5 percent to 79,900 yen. Tokyo Tatemono Co. (8804 JT) gained 2.2 percent to 376 yen.

Aeon Mall Co. (8905 JT), a shopping-mall operator, jumped 7.6 percent to 2,282 yen, the highest close since August 2009. The company said operating profit for the nine months to Nov. 20 increased 10 percent to 28 billion yen ($334 million) with a 4.5 percent gain in sales.

Alps Electric Co. (6770 JT), an electronic components maker, rose 4.8 percent to 888 yen, the highest close since June 21. The company will double production of touch panels in fiscal 2011, the Nikkei newspaper reported without saying where it obtained the information. The company aims to have a 50 percent increase in sales to about 30 billion yen, according to the report.

Canon Inc. (7751 JT), the world’s biggest camera maker, climbed 1.9 percent to 4,265 yen, the highest close since April 30. The company may post operating profit of 400 billion yen for this year, an increase of 84 percent, the Nikkei newspaper reported, without saying where it obtained the information.

Hitachi Metals Ltd. (5486 JT), a metal products maker, advanced 2.8 percent to 992 yen. The company and Molycorp Inc. (MCP US) of the U.S. agreed to consider forming ventures to make alloys and magnets from neodium, a type of rare earth. The companies plan to reach a decision in the first quarter of next year, Hitachi Metals said in a statement to the Tokyo Stock Exchange.

Kakaku.com Inc. (2371 JT), a price-comparison website company, declined 3.7 percent to 473,500 yen. The company had its rating reduced to “neutral” from “outperform” at Mitsubishi UFJ Morgan Stanley Securities Co.

Mitsubishi Chemical Holdings Corp. (4188 JT), a chemical products maker, gained 2.8 percent to 554 yen, a level not seen since September 2008. Mitsubishi Rayon Co. (3404 JP), a unit of Mitsubishi Chemical, agreed with Beijing Originwater Technology Co. (300070 CH) to form a venture in China to make wastewater-treatment products.

Sanyo Electric Co. (6764 JT) sank 5.1 percent to 130 yen. Panasonic Electric Works Co. (6991 JT) retreated 4.6 percent to 1,052 yen. Panasonic Corp. (6752 JT), the world’s largest maker of rechargeable batteries, will make the companies its wholly-owned subsidiaries, according to a statement.

Panasonic said 0.115 shares of its shares will be allotted and delivered in exchange for each share of Sanyo. The company also said it will swap one Panasonic Electric Works share for 0.925 Panasonic share. Panasonic slid 1.5 percent to 1,152 yen.

Sumitomo Metal Mining Co. (5713 JT), a non-ferrous metal miner, rose 4.3 percent to 1,426 yen. Mitsubishi UFJ Morgan Stanley Securities Co. rated the company “outperform” in new coverage.

Tenryu Saw Manufacturing Co. (5945 JQ), a maker of saws, rallied 4.7 percent to 1,885 yen. Steel Partners Japan Strategic Fund (Offshore) LP sold its entire 9.89 percent stake in the company, according to a filing with Japan’s finance ministry.

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

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

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