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Japan Stocks: Fast Retailing, Japan Excellent, Tokyo Electron

Jan. 14 (Bloomberg) -- Japan’s Nikkei 225 Stock Average fell 90.72, or 0.9 percent, to 10,499.04 as of 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.

Intel impact: Semiconductor-related firms such as Tokyo Electron Ltd. (8035 JT) and Dainippon Screen Manufacturing Co. (7735 JT) advanced after Intel Corp. (INTC US), the world’s largest chipmaker, forecast first-quarter sales that may exceed analysts’ estimates as companies boost spending on computers and servers.

Tokyo Electron rose 3.2 percent to 5,550 yen. Dainippon Screen jumped 4.2 percent to 666 yen. Ibiden Co. (4062 JT) gained 1.1 percent to 2,860 yen.

Tiremakers: Nikko Cordial Securities Inc. rated Bridgestone Corp. (5108 JT), Yokohama Rubber Co. (5101 JT) and Sumitomo Rubber Industries Ltd. (5110 JT) “underperform” in new coverage. Bridgestone lost 3.2 percent to 1,564 yen. Yokohama Rubber dropped 3.9 percent to 423 yen. Sumitomo Rubber slid 1.6 percent to 859 yen.

Alps Electric Co. (6770 JT) retreated 3.3 percent to 991 yen. Nichicon Corp. (6996 JT) lost 2.4 percent to 1,188 yen. UBS AG cut its ratings on the electronic components makers to “neutral” from “buy.”

Chiyoda Corp. (6366 JT), an industrial-plant engineering company, fell 3.2 percent to 731 yen. The company had its rating lowered to “underperform” from “neutral” at Mitsubishi UFJ Morgan Stanley Securities Co.

Daiseki Co. (9793 JT), a waste-disposal company, tumbled 6.8 percent to 1,548 yen. Daiseki Eco. Solution Co. (1712 JT), Daiseki’s subsidiary, plunged 6.7 percent to 71,300 yen. Daiseki Eco. Solution booked a 94 percent decline in net income for the March-November period and slashed the planned yearend dividend to 400 yen from 1,200 yen.

EAccess Ltd. (9427 JT), an Internet service provider, leapt 5 percent to 54,800 yen. Two people with direct knowledge of the transaction said yesterday that the company had arranged a 165 billion yen ($2 billion) five-year loan facility with four banks.

Fast Retailing Co. (9983 JT), Asia’s biggest clothing chain, surged 6.4 percent to 12,900 yen. The company was raised to “buy” from “neutral” at Nomura Holdings Inc. The brokerage increased the 12-month share price estimate of the company to 14,000 yen from 13,000 yen.

Fujimi Inc. (5384 JT), a maker of silicon wafer-polishing materials, sank 2.4 percent to 1,280 yen. The company had its rating reduced to “hold” from “buy” at Deutsche Bank AG.

Japan Excellent Inc. (8987 JT), a real-estate investment trust, retreated 5.2 percent to 490,000 yen, the steepest slide since February 2009. The company plans to raise as much as 16.8 billion yen by selling as many as 34,100 shares to the public, according to a filing with Japan’s finance ministry.

Konica Minolta Holdings Inc. (4902 JT), a maker of film used in liquid-crystal displays, declined 2.5 percent to 850 yen. The company had its share price estimates reduced at Deutsche Bank AG. and Goldman Sachs Group Inc.

Nachi-Fujikoshi Corp. (6474 JT), a bearings maker, soared 5 percent to 314 yen. The company was raised to “outperform” from “neutral” at Mitsubishi UFJ Morgan Stanley Securities Co.

Sakata Seed Corp. (1377 JT), a seed wholesaler, jumped 5.1 percent to 1,206 yen, rising the most since November 2008. The company’s first-half net income increased 44 percent to 786 million yen, beating its forecast by 57 percent. The company said it will spend as much as 1.5 billion yen to buy back up to 2.18 percent of its outstanding shares.

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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