April 22 (Bloomberg) -- Japan’s Nikkei 225 Stock Average was little changed at 9,682.21 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.
Canon Marketing Japan Inc. (8060 JT), a distributor for Canon Inc. (7751 JT) products in Japan, slumped 5.9 percent to 876 yen. The company reversed its forecast for the year ending Dec. 31 to a net loss of 1.9 billion yen ($23.2 million) from a profit of 4 billion yen, citing possible declines in spending by corporate customers and consumers after the March 11 earthquake. Canon Marketing said it will reconsider dividend payouts for this year. Canon fell 1.4 percent to 3,510 yen.
Gree Inc. (3632 JT), a social-networking website operator, jumped 6.4 percent to 1,496 yen, the highest close since June 28. The company will acquire OpenFeint Inc., operator of an online games network, for $104 million, according to a statement to the Tokyo Stock Exchange today.
Isuzu Motors Ltd. (7202 JT), an automaker, advanced 2.1 percent to 341 yen. The company and Volkswagen AG (VOW GR) are in talks to jointly supply truck engines, the Nikkei newspaper reported. The talks may result in the companies taking stakes in each other, according to the report.
Isuzu said “there is no truth” to the report the companies may invest in each other. Isuzu also said no decision has been made on a technical alliance.
Kawasaki Heavy Industries Ltd. (7012 JT), a heavy-machinery maker, declined 2.8 percent to 344 yen. The company had net income of 25.8 billion yen in the year ended March 31, missing its forecast by 11 percent because of impairment losses on fixed assets, according to a preliminary earnings statement.
Koa Corp. (6999 JT), an electronic-parts maker, gained 3 percent to 901 yen. The company said full-year net income more than doubled to 2.66 billion yen from 1.21 billion yen a year ago, as sales climbed. Profit was 11 percent higher than the company’s forecast.
Krosaki Harima Corp. (5352 JT), a manufacturer of firebricks and other equipment used by steel and glassmakers, increased 4 percent to 342 yen. The company said it will buy 51 percent of India’s Tata Refractories Ltd. for 10.5 billion yen. Krosaki Harima will purchase the shares from Tata Steel Ltd. (TATA IN), according to a statement to the Tokyo Stock Exchange.
Nippon Denko Co. (5563 JT), a ferroalloy maker, climbed 6.7 percent to 510 yen. The company was rated “outperform” in new coverage at Daiwa Securities Capital Markets Co.
Nippon Synthetic Chemical Industry Co. (4201 JT), a maker of chemical products, gained 2.6 percent to 481 yen. The company’s net income for the year ended March 31 increased to 6.1 billion yen from 5.75 billion yen a year ago, according to a preliminary earnings statement. The result compares with an earlier forecast of 5.5 billion yen. The company raised its planned second-half dividend to 7 yen from 5 yen.
Renesas Electronics Corp. (6723 JT), a chipmaker that supplies Japan’s carmakers, gained 1.4 percent to 718 yen. The company said it will partially restart production at its quake-halted Naka plant on June 15, moving up its earlier target of July.
Carmakers advanced following the announcement. Toyota Motor Corp. (7203 JT) increased 3.1 percent to 3,295 yen. Nissan Motor Co. (7201 JT) rose 3.6 percent to 773 yen. Honda Motor Co. (7267 JT) climbed 2.3 percent to 3,145 yen. Mazda Motor Corp. (7261 JT) jumped 4.4 percent to 189 yen. Fuji Heavy Industries Ltd. (7270 JT) leapt 4.7 percent to 602 yen.
Riso Kagaku Corp. (6413 JT), a manufacturer of copy and printing machines, soared 14 percent to 1,477 yen. The company had 6.25 billion yen in net income for the year ended March 31, beating a forecast for a 3 billion yen profit because of lower costs, according to a preliminary earnings statement. The company boosted the planned second-half dividend to 50 yen from 30 yen.
Toenec Corp. (1946 JT), a building contractor, advanced 2.1 percent to 444 yen. The company had 2.13 billion yen in net income for the year ended March 31, beating the company’s forecast by 33 percent because of profit from derivative products.
Tokyo Tatemono Co. (8804 JT), a property developer, dropped 2.4 percent to 286 yen. The company had its rating reduced to “neutral” from “overweight” at JPMorgan Chase & Co.
Yaskawa Electric Corp. (6506 JT), a maker of servomotors, surged 7.3 percent to 926 yen. The company was raised to “outperform” from “neutral” at Credit Suisse Group AG.
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