Japan’s Nikkei 225 Stock Average rose 12.74, or 0.1 percent, to 9,653.92 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.
Best Denki Co. (8175 JT), an electronics retailer, slumped 2.6 percent to 225 yen after saying it expects a 55 percent plunge in net income to 480 million yen ($5.7 million) this fiscal year, with a 20 percent drop in sales.
Daiseki Co. (9793 JT), a waste-disposal company, jumped 8.2 percent to 1,700 yen. The company said it expects full-year net income to increase 11 percent to 3.47 billion yen on a 14 percent gain in sales.
Daiseki Eco. Solution Co. (1712 JT), a provider of soil-contamination inspections, surged by its upper daily limit of 40,000 yen, or 22 percent, to 218,700 yen, the highest since January 2009. The company forecast net income will jump fourfold to 177 million yen this fiscal year, with a 15 percent rise in sales.
Elpida Memory Inc. (6665 JT), the world’s third-largest maker of computer memory, advanced 5 percent to 1,191 yen. The chipmaker was boosted to “buy” from “hold” by Takeo Miyamoto, a Tokyo-based analyst at Deutsche Bank AG.
Isuzu Motors Ltd. (7202 JT), Japan’s largest maker of light-duty trucks, jumped 6.2 percent to 310 yen after Germany’s Manager Magazin reported Volkswagen AG is considering taking a stake or purchasing the truckmaker outright.
JVC Kenwood Holdings Inc. (6632 JT), an electronics maker, gained 4.6 percent to 432 yen. Full-year operating profit totaled 12.5 billion yen, beating its 11 billion yen outlook, according to a preliminary earnings statement.
Modec Inc. (6269 JT), a maker of natural-gas production equipment, leapt 5.2 percent to 1,532 yen. The company said it has won an order to design two tension-leg platforms for Woodside, Australia’s oil and gas explorer.
NEC Corp. (6701 JT), Japan’s largest maker of telecommunications equipment, rose 2.9 percent to 177 yen. NEC is considering acquisitions in Latin America to help double sales in the region to $1 billion within two years, Senior Vice President Toshiyuki Mineno told reporters in Sao Paulo.
Renown Inc. (3606 JT), an apparel maker, slumped 5.1 percent to 168 yen. Storefront sales at Renown declined 20 percent in March from a year earlier due to shorter opening hours caused by the earthquake, Jiji Press reported. Renown’s full-year net loss narrowed to 1.13 billion yen from 10.9 billion yen a year earlier.
Ryohin Keikaku Co. (7453 JT), the operator of the Muji retail chain, rallied 7.4 percent to 3,550 yen. The retailer said full-year net income rose 4.7 percent to 7.86 billion yen. The profit beat the company’s estimate by 14 percent.
Sanrio Co. (8136 JT), the maker of Hello Kitty merchandise, soared 11 percent to 2,565 yen. The company said full-year net income totaled 9.1 billion yen, 30 percent more than its 7 billion yen outlook, citing “favorable” overseas licensing operations in a preliminary earnings statement.
Shimachu Co. (8184 JT), a furniture retailer, advanced 4.1 percent to 1,842 yen. The company said first-half net income gained 47 percent to 3.8 billion yen on higher sales.
Tokyo Style Co. (8112 JT), an apparel maker, slid 2.3 percent to 561 yen. Tokyo Style posted a full-year net loss of 10.5 billion yen, dragged down by charges related to deferred tax assets, according to a preliminary earnings statement. The company had forecast a 4.7 billion yen profit.
Toshiba Corp. (6502 JT), Japan’s biggest maker of nuclear reactors, rose 2 percent to 404 yen after President Norio Sasaki said today Toshiba full-year net income may beat the company’s January forecast. The impact on earnings from the March earthquake will be limited, he told reporters in Tokyo.
Tsudakoma Corp. (6217 JT), a maker of textile machinery, surged 13 percent to 222 yen, the biggest gain since January 2010. The company posted a return to first-quarter net income of 140 million yen from a year-earlier loss, as sales more than doubled.