Access, Furusato, Idemitsu, Mitsubishi Tanabe, SKY Perfect: Equity Movers
Japan’s Nikkei 225 Stock Average fell 98.81, or 1 percent, to 9,439.13 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.
Access Co. (4813 JT) jumped 4.2 percent to 135,500 yen. The developer of mobile-phone and online-browser software booked net income of 917 million yen ($9.98 million) for the three months ended April 30, with a jump in sales, compared with a loss of 1.05 billion yen a year earlier.
Dowa Holdings Co. (5714 JT) extended yesterday’s 1.3 percent decline, falling 4.8 percent to 436 yen. Japan’s fourth- largest copper smelter had its share-price estimate reduced to 440 yen from 560 yen by Shinya Yamada, an analyst at Credit Suisse Group.
Furusato Industries Ltd. (8087 JO) leapt 4.6 percent to 547 yen. The maker of structural-support materials for buildings said it will spend as much as 120 million yen to buy back as much as 1.3 percent of its shares.
IT Holdings Corp. (3626 JT) climbed 4.3 percent to 1,123 yen. The computer services company extended yesterday’s 1.9 percent gain as the company had its 12-month share price estimate increased to 1,270 yen from 1,240 yen by Nobumasa Morimoto, an analyst at Credit Suisse Group.
Mazda Motor Corp. (7261 JT) dropped 3.5 percent to 222 yen. The automaker was cut to “market perform” from “outperform” by Tsuyoshi Mochimaru, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co.
Mitsubishi Tanabe Pharma Corp. (4508 JT) sank 2.3 percent to 1,229 yen. The U.S. Food and Drug Administration raised concern about side-effects from the multiple sclerosis pill Gilenia that the drugmaker helped discover.
NS Solutions Corp. (2327 JT) jumped 5.4 percent to 1,822 yen. The system consulting services company had its rating increased to “outperform” from “neutral” by Nobumasa Morimoto, an analyst at Credit Suisse Group.
Rock Field Co. (2910 JT) rallied 3 percent to 1,219 yen. The delicatessen operator forecast a 28 percent increase in full-year net income to 1.19 billion yen.
Samco Inc. (6387 JQ) tumbled 7 percent to 1,765 yen. The maker of chip-manufacturing equipment posted 277 million yen in net income for the nine months ended April 30 on a parent basis, down 19 percent from a year earlier.
Simplex Technology Inc. (4340 JT) surged 9.2 percent to 60,700 yen, the highest close since June 2008. The provider of trading systems for financial companies was rated “buy” in new coverage with a 12-month share price estimate at 94,000 yen, by Akihide Ogihara, an analyst at Nomura Holdings Inc.
SKY Perfect JSAT Holdings Inc. (9412 JT) leapt 4.4 percent to 33,350 yen, the steepest increase since Sept. 17. The satellite broadcaster was raised to “buy” from “hold” by Takayoshi Koike, an analyst at Deutsche Bank AG.
Universal Entertainment Corp. (6425 JQ) lost 4.7 percent to 1,430 yen. The pachinko-machine maker projected full-year net income will slump 79 percent to 4 billion yen while sales will increase 42 percent. The company posted a profit of 18.6 billion yen for the year ended March 31, short of its target by 18 percent. It also said it decided not to pay the planned yearend dividend of 20 yen.