Japan’s Nikkei 225 Stock Average fell 162.79, or 1.6 percent, to 10,274.52 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.
Commodity-related companies: Inpex Corp. (1605 JT) and Japan Petroleum Exploration Co. (1662 JT), Japan’s two biggest oil explorers, declined in Tokyo after crude for March delivery yesterday fell 2.4 percent in New York to $89.59, the lowest since Jan. 7. Inpex sank 3.2 percent to 497,500 yen. Japan Petroleum lost 2.9 percent to 3,365 yen.
Sumitomo Metal Mining Co., (5713 JT), Japan’s second-largest copper smelter, tumbled 5.4 percent to 1,368 yen and Nippon Light Metal Co. (5701 JT) slumped 5.1 percent to 168 yen, after the London Metal Exchange Index of six metals including copper and aluminum yesterday slid 1.7 percent, the biggest drop since Nov. 16. Mitsui Mining & Smelting Co. (5706 JT), Japan’s top zinc smelter, lost 4.8 percent to 281 yen.
Acom Co. (8572 JT), Japan’s largest consumer lender, advanced 2.2 percent to 1,493 yen after the Nikkei newspaper reported parent Mitsubishi UFJ Financial Group Inc. (8306 JT) may inject capital into Acom, citing MUFG President Katsunori Nagayasu. Mitsubishi UFJ fell 2.6 percent to 443 yen.
Anritsu Corp. (6754 JT), a maker of electronic equipment, retreated 5.6 percent to 656 yen. The company was cut to “underperform” from “neutral” by Yusuke Hori, an analyst at Mizuho Securities Co.
CellSeed Inc. (7776 JQ), a developer of cell-sheet regenerative medicines, surged 17 percent to 1,260 yen, the highest since July 20. Europe granted the company a patent related to a technology for cell-sheet myocardial regeneration, CellSeed said in a release.
Hudson Soft Co. (4822 JQ), a developer of game software, plunged 18 percent to 318 yen, falling the most since Jan. 29, 2010. Rival game developer Konami Corp. (9766 JT) offered to buy out Hudson Soft. The Nikkei newspaper reported the planned transaction earlier. Konami fell 2.1 percent to 1,690 yen.
Kawasaki Kisen Kaisha Ltd. (9107 JT), Japan’s third-biggest shipping line, lost 4.3 percent to 359 yen, the steepest drop since May 25. The stock was cut to “neutral” from “buy” by Makoto Murayama, an analyst at Nomura Holdings Inc.
NEC Corp. (6701 JT), Japan’s largest maker of personal computers, rose 2.1 percent to 244 yen. Lenovo Group Ltd. (992 HK) may acquire an NEC unit that makes and sells personal computers, the Nikkei newspaper reported.
Nintendo Co., (7974 JO), the world’s biggest maker of game players, dropped 2 percent to 22,650 yen. The company was lowered to “sell” from “hold” by Soichiro Fukuda, an analyst at Citigroup Global Markets Japan Inc.
NTT Data Corp. (9613 JT), a network-services company, rose 3.3 percent to 280,400 yen. Operating profit at NTT Data fell about 10 percent to 48 billion yen ($579 million) for the nine months through December, the Nikkei newspaper reported.
Paramount Bed Co. (7960 JT), a maker of hospital beds, rose 2.5 percent to 2,175 yen. The company was rated “outperform” in new coverage by Katsumi Arai, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co.
Tsudakoma Corp. (6217 JT), a maker of textile machinery, tumbled 6.6 percent to 171 yen. The stock was cut to “outperform” from “strong outperform” by Yoshikazu Shimada, an analyst at Tachibana Securities Co.
Ya-Man Ltd. (6630 JQ), a maker of fitness and beauty products, jumped 5 percent to 1,700 yen. The company said the Tokyo Stock Exchange approved its listing on the bourse’s second section as of Jan. 27.