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Japan Stocks: Accordia Golf, Chiyoda, JGC, THK, Yoshinoya

Jan. 7 (Bloomberg) -- Japan’s Nikkei 225 Stock Average rose 11.28, or 0.1 percent, to 10,541.04 at 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.

Accordia Golf Co. (2131 JT), a golf course operator, tumbled 7.9 percent to 72,700 yen, falling the most since October 2008. Goldman Sachs Group Inc., which owns about 45 percent of the company, plans to sell its stake, Accordia said in a statement.

JGC Corp. (1963 JT), a plant-engineering company, increased 1.6 percent to 1,848 yen, the highest close since October 2009. JGC and Hyundai Heavy Industries Co. (009540 KS) won the engineering, procurement and construction contracts to develop the Barzan gas field in Qatar, the country’s Oil Minister Abdullah bin Hamad al-Attiyah said in Doha. JGC’s rival Chiyoda Corp. (6366 JT) plunged 8.6 percent to 775 yen, falling the most since October 2009.

JVC Kenwood Holdings Inc. (6632 JT), a maker of audio equipment, surged by the daily limit of 80 yen, or 21 percent, to 467 yen, the highest close since May 14. JPMorgan Chase & Co. raised its rating on the company to “overweight” from “neutral.”

Ministop Co. (9946 JT), a convenience-store chain, gained 1.7 percent to 1,432 yen, a level not seen since September 2009. The company said net income for the nine months to Nov. 30 increased to 3.55 billion yen ($42.6 million) from 1.47 billion yen a year earlier, as sales rose. The company raised the planned yearend dividend to 22 yen a share from 21 yen.

Nitori Holdings Co. (9843 JT), a furniture retailer, rose 2 percent to 7,070 yen. The company said it will spend as much as 3.65 billion yen to repurchase as much as 0.9 percent of its shares.

Penta-Ocean Construction Co. (1893 JT), a general contractor, plunged 9 percent to 132 yen, the biggest drop since October 2008. The company plans to raise up to 5.2 billion yen in a public share sale, according to a filing with Japan’s finance ministry.

Resona Holdings Inc. (8308 JT), Japan’s fourth largest bank, lost 4 percent to 523 yen after rising as much as 6.2 percent. The company will sell about 600 billion yen of shares in a public offering this month to help repay government bailout funds, a person familiar with the situation said.

THK Co. (6481 JT), a maker of industrial machinery, jumped 4.6 percent to 2,072 yen, a level not seen since June 24. The company had its rating raised to “outperform” from “neutral” at Mitsubishi UFJ Morgan Stanley Securities Co.

Yoshinoya Holdings Co. (9861 JT), a restaurant chain that serves bowls of rice with stewed beef, advanced 3.4 percent to 105,700 yen, the highest close since November 2009. The company boosted its full-year net income forecast fivefold to 500 million yen, citing lower costs and improved profitability.

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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