Aiful, Astellas, CSK, NTT Urban, Suzuki, Tokyo Electron: Equity Movers
Japan’s Nikkei 225 Stock Average rose 226.52, or 2.2 percent, to 10,620.55 at 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.
Aiful Corp. (8515 JT) rallied 4.9 percent to 129 yen. The consumer lender forecast net income of 2.82 billion yen ($30.3 million) for the current fiscal year after a net loss of 295.1 billion yen in the 12 months ended March 31.
Alps Electric Co. (6770 JT) rose by its upper daily limit of 100 yen, or 16 percent, to 723 yen. The maker of auto electronics said it expects net income to jump to 14 billion yen this fiscal year from 570 million a year earlier.
Astellas Pharma Inc. (4503 JT) dropped 1.1 percent to 3,175 yen. Japan’s second-biggest drugmaker said it expects net income will fall 13 percent this fiscal year.
CSK Holdings Corp. (9737 JT) surged 14 percent to 494 yen, the most since June 15. The computer-services company expects net income of 500 million yen this fiscal year as it cuts costs. Its net loss narrowed to 59.2 billion yen in the year ended March 31, CSK said in a release.
EAccess Ltd. (9427 JT) plunged 8.3 percent to 70,600 yen, its biggest drop since October 2008. The broadband provider had net income of 4.15 billion yen in the fiscal year ended March 31. The result was 7.8 percent below the company’s profit forecast.
Fuji Soft Inc. (9749 JT) jumped 11 percent to 1,691 yen, the most since November 2008. The software developer forecast operating profit will advance 52 percent to 5 billion yen this fiscal year.
NGK Insulators Ltd. (5333 JT) gained 6.9 percent to 1,884 yen, the most since Sept. 30. The maker of electrical insulators and industrial ceramic products expects a 40 percent jump in net income to 25 billion yen this fiscal year as sales recover.
NTT Urban Development Corp. (8933 JT) soared 7.7 percent to 89,900 yen, its steepest increase since June 11, 2009. The developer forecast net income will rise 47 percent to 9 billion yen this fiscal year.
SKY Perfect JSAT Holdings Inc. (9412 JT) sank 4 percent to 34,550 yen. The company forecast full-year net income of 2 billion yen, compared to a 14.2 billion yen profit a year earlier, the company said.
Suzuki Motor Corp. (7269 JT) rose 3.9 percent to 1,968 yen. The automaker is considering selling plug-in hybrid vehicles, the Yomiuri newspaper reported. The company may buy lithium-ion batteries for the vehicles from Sanyo Electric Co. (6764 JT), the newspaper said.
Toho Zinc Co. (5707 JT) sank 4.9 percent to 404 yen. The nonferrous metal smelter expects a 36 percent drop in net income to 3 billion yen this fiscal year.
Tokyo Electron Ltd. (8035 JT) leapt 7 percent to 6,080 yen, the most since Dec. 3. The world’s second-largest maker of semiconductor equipment expects to turn to net income of 55 billion yen this year as demand for chips rebounds.
Tokyo Seimitsu Co. (7729 JT) jumped 9.6 percent to 1,563 yen, the biggest gain since April 2009. The maker of semiconductor-manufacturing equipment forecast net income of 3.1 billion yen this fiscal year from a loss a year earlier, as sales recover.
Toppan Printing Co. (7911 JT) climbed 3.7 percent to 846 yen. The printing company expects a 71 percent jump in net income to 20 billion yen this fiscal year.
Tsuken Corp. (1940 JT) lost 3.2 percent to 338 yen. Comsys Holdings Corp. (1721 JT) will pay 0.4 of a share for each share of Tsuken in an acquisition effective Oct. 1, the companies said in a joint statement. Comsys rose 1.9 percent to 857 yen.
Zensho Co. (7550 JT) surged 12 percent to 808 yen, its highest close since February 2008. The restaurant-chain operator expects a 71 percent jump in net income to 6 billion yen this fiscal year as sales grow.