Japan’s Nikkei 225 Stock Average rose 401.57, or 4.4 percent, to 9,608.32 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.
Developers: Sumitomo Realty & Development Co. (8830 JT), Japan’s No. 3 real-estate company, gained 5.6 percent to 1,798 yen and rival Leopalace21 Corp. (8848 JT), soared 19 percent to 125 yen. The number of condominiums offered for sale in Tokyo gained 25 percent in February from a year earlier, the Real Estate Economic Research Institute said in a report.
Home builders also advanced. Daiwa House Industry Co. (1925 JT) climbed 7.9 percent to 1,088 yen. Haseko Corp. (1808 JT) gained 6.5 percent to 66 yen. Sekisui House Ltd. (1928 JT) rose 5.7 percent to 812 yen.
Advantest Corp. (6857 JT), the world’s largest maker of memory-chip testers, soared 9.8 percent to 1,449 yen, the biggest gain since March 2009. Verigy Ltd. of Singapore said Advantest’s takeover bid is superior to a proposal from another company.
Hitachi Ltd. (6501 JT) advanced 6.6 percent to 438 yen. The company may reopen automotive-parts plants in Fukushima and Ibaraki prefectures as soon as March 25, the Asahi newspaper reported, citing the company.
JX Holdings Inc. (5020 JT) soared 12 percent to 576 yen, the steepest rise since April 2010. JX Nippon Oil & Energy Corp., the refining unit of JX Holdings, resumed work at its Negishi oil refinery near Tokyo on March 21, said a company official.
Mazda Motor Corp. (7261 JT), Japan’s second-largest car exporter, increased 5 percent to 191 yen. The company said it will partially resume production at all four Japan plants from today.
Nidec Copal Corp. (7756 JT), a maker of electronic components for optical equipment, surged by its upper limit of 150 yen, or 18 percent, to 1,000 yen, the biggest gain since May 1996. The company said it will close its unprofitable operations related to specialty lenses for compact digital cameras.
Nikon Corp. (7731 JT), a camera maker, jumped 6 percent to 1,660 yen after the company said it will resume partial operations at five plants in the Tohoku region as early as tomorrow.
Secom Co. (9735 JT), a provider of security services, gained 8 percent to 3,915 yen, the largest increase since May 2009. Nomura Holdings Inc. increased its stock price estimate for Secom to 5,600 yen from 5,400 yen, maintaining the “buy” rating.
Toho Zinc Co. (5707 JT), Japan’s third-largest zinc producer, soared 11 percent to 381 yen, the sharpest advance since May 2009. The company raised its full-year operating profit outlook by 23 percent to 8 billion yen, saying “demand is firm.”
Tokyo Electric Power Co. (9501 JT), Asia’s largest utility, surged by its daily limit of 150 yen for a second day, as the company tries to restore power to its crippled Fukushima Dai-Ichi nuclear plant. The stock climbed 16 percent to 1,098 yen today.
Toshiba Corp. (6502 JT), Japan’s biggest maker of nuclear reactors, jumped 13 percent to 406 yen, the biggest gain since October 2008, after the Nikkei newspaper reported the company will pay a term-end dividend.
Toyo Tire & Rubber Co. (5105 JT), a tiremaker, soared 9.6 percent to 206 yen, the largest advance since February 2010. The company plans to restart operations this week at plants halted after the earthquake.