Japan’s Nikkei 225 Stock Average fell 22.07, or 0.2 percent, to 9,463.02 at the 3 p.m. close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
CDG Co. (2487 JQ), a provider of marketing services and promotional goods, soared 7.1 percent to 2,200 yen, the highest close since it listed in June 2006. The company said it will conduct a 3-for-1 stock split.
Daiichikosho Co. (7458 JQ), a maker of karaoke equipment, rose 3.5 percent to 1,588 yen. The company said it will spend as much as 1.1 billion yen ($14 million) to buy back as much as 0.95 percent of its outstanding shares.
DeNA Co. (2432 JT), a social-networking service provider, rallied 8.2 percent to 2,576 yen. DeNA and South Korea’s web-portal operator Daum Communications Corp. (035720 KS) said they have started providing “Daum Mobage,” a South Korean version of DeNA’s social gaming platform, targeting 10 million users within a year.
Kansai Electric Power Co. (9503 JT), a utility, lost 2.8 percent to 1,393 yen. The company halted the 70-megawatt No. 3 reactor at its Takahama nuclear plant in western Japan for regular maintenance, Yusuke Inoue, a spokesman for the utility, said by phone today.
Mazda Motor Corp. (7261 JT), an automaker, plunged 9.9 percent to 145 yen after public broadcaster NHK reported Mazda may post a net loss of as much as 100 billion yen for the year ending March and it plans to raise up to 100 billion yen in capital. No decision has been made on a capital increase, Mazda said in a statement, responding to the report.
Misawa & Co. (3169 JT), a furniture retailer, surged by its daily limit of 150 yen, or 17 percent, to 1,058 yen. Pretax profit from operations may have doubled to almost 400 million yen in the year ended January as newly opened stores boosted sales, the Nikkei newspaper reported. That number would be about 20 million yen more than the retailer’s estimate, the report said, without citing anyone.
Nissen Holdings Co. (8248 JO) jumped 9.4 percent to 395 yen. The mail order business operator said it will raise about 4.57 billion yen from the sale of shares to UCC Holdings (UCCUEZ JP), a closely held coffee bean distributor.
Rakuten Inc. (4755 JQ), an online shopping site operator, advanced 3 percent to 76,700 yen. The company said it will conduct a 100-for-1 stock split and adopt a minimum trading lot of 100 shares.
Ryosan Co. (8140 JT) slumped 4.4 percent to 1,695 yen. The electronic components distributor cut its full-year net-income forecast 16 percent to 2.1 billion yen, citing higher taxes. The company also halved its planned second-half dividend to 20 yen per share.
Starcat Cable Network Co. (4339 JQ) soared by its daily limit of 7,000 yen, or 15 percent, to 54,900 yen, the biggest gain since November 2004. Community Network Center will buy the cable television operator in a tender offer for 79,300 yen per share, according to a statement from Starcat.
Uny Co. (8270 JT) gained 5.7 percent to 802 yen. Daiwa Securities Group Inc. boosted its investment rating for the department store operator to “outperform” from “neutral.”
Zuken Inc. (6947 JT), a developer computer systems for engineering and design, jumped 8.9 percent to 659 yen, the steepest advance since November 2008. The company said it will pay a special dividend of 10 yen per share to mark its 35th anniversary, boosting its planned second-half dividend to 17 yen.