Hikaku.com, Kobe Steel, United Arrows, Shin-Etsu Chemical: Equity Movers
Japan's Nikkei 225 Stock Average rose 53.21, or 0.5 percent, to 11,339.30 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.
Arc Land Sakamoto Co. (9842 JT) leapt 6 percent to 1,079 yen, the sharpest gain since June 23. The home-center operator said full-year net income jumped to 2.83 billion yen ($29 million) from 839 million yen a year earlier. The company expects profit to increase 5.9 percent this fiscal year.
Asahi Co. (3333 JT) fell 2 percent to 1,473 yen, after the bicycle retailer said sales at stores open for at least 13 months dropped by 5.9 percent in March, dragged down by falling revenue per customer.
Fast Retailing Co. (9983 JT) tumbled 11 percent to 14,920 yen, the biggest drop since January 2007. Japan's largest clothing retailer said domestic sales at its Uniqlo chain fell 16.4 percent last month. Cold weather discouraged customers, the company said in a statement.
Hikaku.com Corp. (2477 JT) soared 15 percent to 116,000 yen, the highest close since August 2007. The information-services provider may post its first three-quarter profit in four years, the Nikkei newspaper reported. The company may record operating profit of 120 million yen for the nine months through March, according to the report.
Kajima Corp. (1812 JT) rose 3.9 percent to 239 yen, the highest close since Sept. 24. The general contractor will build a luxury hotel and two condominium complexes in Jakarta, at a cost of about 25 billion yen, to be completed by mid-2013, the Nikkei newspaper said.
Kobe Steel Ltd. (5406 JT) gained 6.3 percent to 218 yen, the highest close since September 2008. Japan's fourth-largest mill said it obtained approval to build a plant in Vietnam. The company may begin construction in January next year. Kobe Steel said in a press release that the plant will cost 100 billion yen. The company's shares were raised to "overweight" from "equal weight" at Morgan Stanley.
Meitec Corp. (9744 JT) rallied 5.3 percent to 1,970 yen, the highest close since December 2008. The provider of engineering staff was boosted to "buy" from "neutral" by Kazumasa Ohara, an analyst at Nomura Holdings Inc.
Sharp Corp. (6753 JT) advanced 3.3 percent to 1,249 yen, extending a 2.7 percent rise on Friday. Japan's largest maker of liquid-crystal displays forecast half of its small screens used in mobile devices will be capable of displaying 3-D images next fiscal year. The company expects 10 percent to 20 percent of such screens to be 3-D in the next 12 months, Yoshisuke Hasegawa, executive managing officer for Sharp's mobile LCD group, told reporters in Tokyo before the market closed on April 2.
Sanrio Co. (8136 JT) surged 14 percent to 1,009 yen, its highest close since October 2008. The character goods maker was lifted to "buy" from "neutral" by Masaaki Kitami, a Tokyo- based analyst at Merrill Lynch & Co., the securities firm bought by Bank of America Corp.
Shin-Etsu Chemical Co. (4063 JT) leapt 3.8 percent to 5,700 yen, the highest close since Sept. 25. The company will build a new plant to produce vinyl chloride resin in the U.S., the Nikkei newspaper reported.
Softbank Corp. (9984 JT) declined 3.9 percent to 2,247 yen, while NTT DoCoMo Inc. (9437 JT) rose 0.8 percent to 144,200 yen, after the Nikkei newspaper said a government decision to make it easier for mobile phone users to switch networks will favor NTT DoCoMo.
United Arrows Ltd. (7606 JT) gained 5.1 percent to 1,085 yen, the highest close since December 2007. The apparel chain's same-store sales increased 4.1 percent in March on a 1 percent rise in average spending per customer.
Yamaha Motor Co. (7272 JT) slumped 9.4 percent to 1,266 yen, its steepest drop since Aug. 4. The motorcycle maker plans to raise 76.1 billion yen from a sale of new shares to the public. The funds will be used for research and development, Yamaha said in a filing to Japan's Finance Ministry.
To contact the reporters on this story: Norie Kuboyama in Tokyo at email@example.com; Akiko Ikeda in Tokyo at firstname.lastname@example.org.