Japan Stocks: Eiken Chemical, J-Com, Softbank, T&D Holdings

Japan’s Nikkei 225 Stock Average fell 34.87, or 0.4 percent, to 9,556.65 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.

Eiken Chemical Co. (4549 JT), a maker of clinical reagents, surged 8.2 percent to 1,053 yen, the biggest gain since August 2009. The company was rated “outperform” in new coverage at Mizuho Securities Co.

J-Com Holdings Co. (2462 JT), a job-placement company, leapt 10 percent to 210,000 yen, the highest close since February 2008. The company said it will conduct a 200-for-1 stock split, adopting a minimum trading unit of 100 shares.

Kappa Create Co. (7421 JT), a sushi restaurant chain, declined 4.1 percent to 1,540 yen. The company said full-year net income totaled 1.28 billion yen, missing its outlook by 50 percent. It cited a charge due to a decline in the value of unprofitable outlets, in a preliminary earnings statement.

Mori Seiki Co. (6141 JO), a machine-tool maker, increased 3 percent to 976 yen. The company raised its stake in Germany’s Gildemeister AG (GIL GR) to 20.1 percent. Mori Seiki made the announcement in a press release today.

Softbank Corp. (9984 JT), Japan’s third-largest mobile-phone operator, dropped 2.4 percent to 3,280 yen. The company had its rating reduced to “sell” from “neutral” at Goldman Sachs Group Inc., citing the company’s earnings growth will slow this year because of capital spending.

Start Today Co. (3092 JT), an operator of clothes-shopping websites, rose 3.8 percent to 1,162 yen. The company had 3.1 billion yen in net income for the year ended March 31, beating its forecast by 6.3 percent, according to a preliminary earnings statement. The company cited strong sales at the winter sale for the result.

T&D Holdings Inc. (8795 JT), a life insurer, declined 3.9 percent to 1,927 yen. The company expects to book a valuation loss of 13.7 billion yen for the quarter ended March 31 on its securities holdings.

Toho Co. (9602 JT), a movie producer, fell 2.5 percent to 1,122 yen. The company said it expects a 35 percent drop in net income to 7.4 billion yen this fiscal year, with a 9.8 percent fall in sales. Net income climbed 45 percent to 11.4 billion yen in the year ended Feb. 28.

77 Bank Ltd. (8341), a regional bank in Tohoku area, dropped 7.2 percent to 374. The bank announced that it might apply for public funds after the record earthquake on March 11.

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