Apamanshop, Fast Retailing, Mitsui Mining, Nintendo, Sharp: Equity Movers
Japan’s Nikkei 225 Stock Average fell 331.10, or 3.1 percent, to 10,364.59 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.
Apamanshop Holdings Co. (8889 JX) leapt 7.7 percent to 3,300 yen. The real-estate agent posted 310 million yen ($3.4 million) first-half profit, beating its forecast of 100 million yen, according to a preliminary earnings statement.
Fanuc Ltd. (6954 JT) tumbled 6.8 percent to 10,120 yen, the sharpest drop since March 2009. Fuji Electric Holdings Co. (6504 JT), a maker of heavy electrical equipment, said it will sell as many as 9.9 million Fanuc shares in mid-May to reduce debt. Fuji Electric, which will book a first-quarter gain from the sale, was unchanged at 267 yen.
Fast Retailing Co. (9983 JT) dropped 6 percent to 13,040 yen, the lowest close since Oct. 8. Japan’s largest clothing retailer said domestic sales in April at its Uniqlo casual- clothing chain fell 12.4 percent from the same month a year earlier.
Futaba Industrial Co. (7241 JT) jumped 7 percent to 798 yen. The autoparts maker narrowed its full-year net loss to 500 million yen from 38.1 billion yen a year earlier, according to a preliminary earnings statement. The company had forecast a 1 billion yen loss.
Hoosiers Corp. (8907 JT) increased 3.7 percent to 19,000 yen. The real estate company swung to net income of 1.2 billion yen in the year ended March 31 from a loss of 13.9 billion yen a year earlier, according to a preliminary earnings statement. Profit exceeded the company’s forecast by 59 percent.
Itochu Corp. (8001 JT) rose 1.8 percent to 793 yen. The trading house forecast net income will increase 25 percent to 160 billion yen this fiscal year.
Iwai Securities Co. (8707 JT) advanced 5.7 percent to 704 yen. The brokerage may form a holding company in July after earlier this month making Cosmo Securities a wholly owned subsidiary, the Sankei newspaper said, citing Iwai President Yoshiaki Okitsu.
JFE Holdings Inc. (5411 JT) rose 1.1 percent to 3,220 yen. The steelmaker may spend as much as 200 billion yen over three to four years for concession rights to coal and iron ore in countries including Australia and Brazil, Nikkei English News reported.
Jtekt Corp. (6473 JT) gained 1.6 percent to 1,042 yen. The autoparts maker said it expects to return to full-year profit of 12 billion yen from a loss of 19.4 billion yen.
Kawai Musical Instruments Manufacturing Co. (7952 JT) surged 6 percent to 193 yen. Full-year net income totaled 1.3 billion yen, beating the company’s forecast by 63 percent, according to a preliminary earnings statement.
McDonald’s Holdings Company (Japan) Ltd. (2702 JQ) rose 1.6 percent to 2,020 yen, its highest close since December 2008. The unit of the world’s biggest restaurant chain said first- quarter operating profit climbed 73 percent to 10.2 billion yen.
Mitsui Mining & Smelting Co. (5706 JT) climbed 2.8 percent to 258 yen. Japan’s biggest producer of refined zinc forecast a 33 percent increase in profit this fiscal year after net income totaled 13.9 billion yen, more than forecast, for the year ended March 31. The company raised its planned year-end dividend to 3 yen a share from 2 yen.
Nintendo Co. (7974 JO) plunged 7.7 percent to 28,300 yen, the steepest slide since February 2009. The world’s biggest maker of game consoles forecast its lowest annual profit in four years and cut the planned year-end dividend to 660 yen a share from 690 yen.
Nippon Steel Corp. (5401 JT) gained 1.5 percent to 329 yen. The steelmaker’s unit raised the price of nickel-based sheets by 15 percent because of higher costs for the ingredient, it said in an e-mailed statement.
Sharp Corp. (6753 JT) lost 6.4 percent to 1,098 yen, the sharpest slide since April 2009. Japan’s largest maker of liquid-crystal displays had its rating reduced to “hold” from “buy” by Yasuo Nakane, an analyst at Deutsche Bank AG.
Shibaura Electronics Co. (6957 JQ) rose 1.8 percent to 1,262 yen. The maker of sensors and measuring devices said full-year net income increased to 830 million yen, beating its forecast by 66 percent, from 671 million yen a year earlier, according to a preliminary earnings statement.
Siix Corp. (7613 JT) leapt 4.6 percent to 1,192 yen. The consumer electronics distributor boosted its full-year profit forecast by 25 percent to 3.13 billion yen, citing stronger sales.
Sun-Wa Technos Corp. (8137 JT) soared 7.2 percent to 565 yen, the highest close since October 2008. The company, which sells electronic equipment and parts, said it will return to net income of 850 million yen this fiscal year from a loss of 409 million yen posted for the year ended March 31.
Y.A.C. Co. (6298 JT) jumped 5.9 percent to 919 yen. The machinery maker posted full-year net income of 11 million yen, compared with its forecast to break even, according to a preliminary earnings statement.