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Japan Stocks: Alps Electric, Resona, Shiseido, Oki Electric

Aug. 1 (Bloomberg) -- Japan’s Nikkei 225 Stock Average rose 131.98, or 1.3 percent, to 9,965.01 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.

Alps Electric Co. (6770 JT), an electronic components maker, declined 5.8 percent to 816 yen. The company reported a net loss of 1.64 billion yen ($21 million) for the first quarter ended June 30, compared with a profit of 3.25 billion yen a year earlier.

DeNA Co. (2432 JT), an online social media site operator, gained 3 percent to 3,960 yen. The company said first-quarter net income jumped 45 percent to 9.46 billion yen from a year earlier.

Denso Corp. (6902 JT), an auto-parts maker, rose 2.9 percent to 2,834 yen. The company boosted its first-half net income forecast to 9 billion yen from 1 billion yen, citing recovery from March’s earthquake.

Fuji Electric Co. (6504 JT), a maker of electronic devices, climbed 4.4 percent to 262 yen. The company developed a device which can measure radiation levels in packaged fresh food in about 12 seconds, the Nikkei newspaper reported without citing anyone.

Fujifilm Holdings Corp. (4901 JT), a maker of color film, dropped 2 percent to 2,287 yen. The company said first-quarter net income fell 18 percent to 14.5 billion yen from a year earlier.

Itochu Techno-Solutions Corp. (4739 JT), a computer-network-systems developer, surged 7.4 percent to 3,270 yen, the highest close since July 2010. The company plans to buy back up to 2.89 percent of its outstanding shares for as much as 5 billion yen, according to a statement to the Tokyo Stock Exchange. The company also plans to retire 3.1 percent of its shares on Aug. 8, it said in a seperate statement.

Mitsubishi UFJ Financial Group Inc. (8306 JT), Japan’s biggest publicly traded bank by market value, climbed 4.1 percent to 408 yen. The company said first-quarter net income surged to 501 billion yen from 166 billion yen a year earlier.

Murata Manufacturing Co. (6981 JO), an electronic-parts maker, leapt 5.8 percent to 5,300 yen. Renesas Electronics Corp. (6723 JT) agreed to sell its power-amplifier business to Murata Manufacturing. The terms of the sale, scheduled to be completed Jan. 1, are under negotiation, according to a joint statement to the Tokyo Stock Exchange. Renesas Electronics was unchanged at 669 yen.

NGK Spark Plug Co. (5334 JT), a maker of industrial ceramic products, jumped 5.1 percent to 1,147 yen, the biggest gain since Nov. 5. The company plans to cancel 2.61 percent of its outstanding shares on Aug. 4, according to a statement to the Tokyo Stock Exchange.

Oki Electric Industry Co. (6703 JT), a maker of communications equipment, advanced 7.8 percent to 83 yen. The company forecast it will have a net loss of 5 billion yen in the six months ending Sept. 30, narrower than the previous year’s 11.7 billion yen loss.

Resona Holdings Inc. (8308 JT), a lender, leapt 5 percent to 401 yen. Net income increased 18 percent to 63.3 billion yen in the three months ended June 30, the company said in a statement to the Tokyo Stock Exchange.

Sega Sammy Holdings Inc. (6460 JT), a gamemaker, rose 3.4 percent to 1,713 yen. The company plans to buy back up to 1.99 percent of its outstanding shares for as much as 10 billion yen between today and Oct. 31, according to a statement to the Tokyo Stock Exchange.

Seiko Epson Corp. (6724 JT), a maker of printers and watches, dropped 2.2 percent to 1,286 yen. The company said it swung to a first-quarter net loss of 3.2 billion yen from a profit of 7.9 billion yen a year earlier.

Shiseido Co. (4911 JT), Japan’s biggest cosmetics maker, fell 2.5 percent to 1,443 yen. The company cut its net income forecast for the six months ending Sept. 30 by 30 percent to 7 billion yen, citing tax-related costs.

Showa Shell Sekiyu K.K. (5002 JT), a refiner, retreated 5 percent to 705 yen. Credit Suisse Group AG analyst Yuji Nishiyama said the company’s solar cell business will likely post a pretax loss of about 19 billion yen this fiscal year, wider than an earlier projection for a 9.5 billion yen loss, according to a report dated today.

Sumitomo Heavy Industries Ltd. (6302 JT), a maker of heavy electric machinery, climbed 2.4 percent to 554 yen. Net income more than doubled to 3.46 billion yen in the three months ended June 30 from 1.59 billion yen a year earlier, according to a statement to the Tokyo Stock Exchange.

Toto Ltd. (5332 JT), a maker of ceramic fixtures including toilets, jumped 6.3 percent to 640 yen. The company raised full-year net income forecast 18 percent to 13 billion yen, citing domestic demand is recovering.

Yamaha Corp. (7951 JT), a manufacturer of musical instruments, rose 3.5 percent to 947 yen. The company increased its net income forecast by 30 percent to 6.5 billion yen for the year ending March 2012, citing a smaller-than-expected impact from the earthquake disaster in March.

Yamato Holdings Co. (9064 JT), a parcel-delivery company, increased 2.7 percent to 1,357 yen. The company said first-quarter net income jumped 36 percent to 1.28 billion yen from a year earlier.

To contact the reporters on this story: Kana Nishizawa in Tokyo at knishizawa5@bloomberg.net; Akiko Ikeda in Tokyo at iakiko@bloomberg.net.

To contact the editor responsible for this story: Nick Gentle at ngentle2@bloomberg.net.

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