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Japan Stocks: JFE, Kawasaki Kisen, Olympus, Toshiba, Tepco

March 15 (Bloomberg) -- Japan’s Nikkei 225 Stock Average tumbled 1,015.34, or 11 percent, to 8,605.15 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.

Banks: Mizuho Financial Group Inc. (8411 JT) and other bank stocks sank after Japan’s worst earthquake on record hit the country on March 11, as investors pulled out of Japanese equities on concern a quake-damaged nuclear reactor’s radiation leak will worsen. Mizuho lost 10 percent to 130 yen. Mitsubishi UFJ Financial Group Inc. (8306 JT) slid 8.8 percent and Sumitomo Mitsui Financial Group Inc. (8316 JT) retreated 7.2 percent.

Consumer lenders: Aiful Corp. (8515 JT) led the rivals lower for a second day after the earthquake. Aiful plunged 18 percent to 80 yen. Promise Co. (8574 JT) lost 12 percent to 521 yen. Acom Co. (8572 JT) slid 11 percent to 885 yen.

Chemical makers: Showa Denko K.K. (4004 JT) tumbled 14 percent to 132 yen after halting operations in Fukushima, Gunma, Saitama, Kanagawa and Chiba prefectures after the earthquake. Toagosei Co. (4045 JT) lost 15 percent to 326 yen after saying it suspended operations at a plant that is within the evacuation zones of the Fukushima Dai-Ichi and Dai-Ni nuclear reactors. Asahi Kasei Corp. (3407 JT), which halted production at plants in Ibaraki and Miyagi prefectures, slid 12 percent to 450 yen.

Electronics makers: Olympus Corp. (7733 JT), an optical-equipment maker, plummeted 14 percent to 1,981 yen and Panasonic Corp. (6752 JT) retreated 11 percent to 866 yen. They both said they are suspending operations in the plants affected by the earthquake in the Tohoku region.

Shipping lines: Kawasaki Kisen Kaisha Ltd. (9107 JT), Japan’s third-biggest shipping line, slid 12 percent to 274 yen after Mizuho Securities Co. cut its investment rating to “underperform” from “neutral.” Mitsui O.S.K. Lines Ltd. (9104 JT), Japan’s second-largest shipping line, fell 11 percent to 433 yen after its target price was lowered to 500 yen from 600 yen.

Steelmakers: Steel production in Japan will “suffer” in the “short term” following last week’s tsunami because of “a lack of power and general damage to steel smelting facilities,” Ambrian Partners Ltd. said in a report. Nippon Steel Corp. (5401 JT) retreated 11 percent to 236 yen and JFE Holdings Inc. (5411 JT) sank 14 percent to 2,025 yen. Kobe Steel Ltd. (5406 JT) declined 12 percent to 167 yen.

Utilities: Tokyo Electric Power Co. (9501 JT), Asia’s largest utility known as Tepco, plunged by its daily limit of 400 yen, or 25 percent, to 1,221 yen, the biggest drop since at least September 1974, after confirming a third explosion today at its Fukushima Dai-Ichi nuclear plant north of Tokyo that was damaged by the March 11 earthquake and tsunami. Also, Moody’s Japan K.K. placed the Aa2 ratings of Tokyo Electric on review for possible downgrade. Tohoku Electric Power Co. (9506 JT) also plummeted by its daily limit of 300 yen, or 20 percent, to 1,186 yen, the lowest since May 1985.

Kansai Electric Power Co. (9503 JT), which provides power to western Japan, fell 12 percent and Chubu Electric Power Co. (9502 JT), which operates in central Japan, lost 11 percent. Also, power-equipment company Toshiba Corp. (6502 JT) tumbled by its daily limit of 80 yen, or 19 percent, to 331 yen, the most since at least September 1974, when the data is available.

ID Home Co. (3274 JQ), a property developer, was traded at 2,200 yen, 23 percent lower than its initial offering price of 2,850 yen. The company started trading on the Osaka Securities Exchange’s Jasdaq Standard market.

Japan Steel Works Ltd. (5631 JT), a maker of machinery for casts, retreated by its daily limit of 100 yen, or 16 percent, to 543 yen, the lowest since October 2008. Deutsche Bank AG cut the investment rating on Japan Steel to “hold” from “buy.”

JSR Corp. (4185 JT), a maker of rubber and resins, declined 11 percent to 1,359 yen after saying operations at its plant in Kashima, Ibaraki prefecture, were halted automatically in the March 11 earthquake.

Kikkoman Corp. (2801 JT), Japan’s biggest soy-sauce maker, sank 18 percent to 707 yen. The company said it has halted operations at a plant of its subsidiary, Nippon Del Monte, following the earthquake.

Kyowa Hakko Kirin Co. (4151 JT), a drugmaker, plummeted 17 percent to 644 yen, after saying it suspended operations at a Kyowa Hakko Chemical Co. plant in Chiba.

Seven & I Holdings Co. (3382 JT), owner of the world’s largest convenience store chain, fell 12 percent to 1,879 yen. The retailer said it closed 350 7-Eleven stores in Japan following the March 11 earthquake.

To contact the reporter on this story: Norie Kuboyama in Tokyo at

To contact the editor responsible for this story: Nick Gentle at

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