Japan’s Nikkei 225 Stock Average rose 69.66, or 0.7 percent, to 9,777.03 as of the 3 p.m. trading close in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Shipping companies: Kawasaki Kisen Kaisha Ltd. (9107 JT) led gains among shipping lines as container freight rates on Asia to Europe routes more than doubled, according to estimates by Drewry Shipping Consultants Ltd. The group also rose as the Baltic Dry Index, a measure of shipping costs for commodities, gained 1.7 percent yesterday, rising for a sixth day.
Kawasaki Kisen, Japan’s third-largest line by sales, jumped 7.6 percent to 184 yen. Nippon Yusen K.K. (9101 JT), the largest shipping line, added 2.9 percent to 246 yen.
Anicom Holdings Inc. (8715 JT), a pet-health insurer, fell 1.1 percent to 630 yen. Sony Assurance Inc. bought 6.5 percent of the company. The insurer also plans to acquire options that could raise its stake to 7.2 percent.
Arrk Corp. (7873 JQ), which makes models for product designs, surged 13 percent to 93 yen after trimming its net-loss forecast by 11 percent to 8 billion yen, the company said in a statement, citing a recovery in Japanese and European markets and a cut in fixed costs.
Tokyo Electric Power Co. (9501 JT) gained 4.9 percent to 238 yen. The utility plans to cut more than 3 trillion yen in costs over 10 years, Kyodo News reported, citing people it said were close to the utility. Separately, Tepco plans to keep higher electricity rates for three years, the Yomiuri newspaper reported, without saying where it got the information.
Yahoo Japan Corp. (4689 JT), an Internet company, rose 5.4 percent to 26,940 yen after naming Manabu Miyasaka as president and chief executive officer to replace Masahiro Inoue, who is stepping down in June, according to a statement.