Japan Equity Movers: Don Quijote, Honda Motor, Nissan, Sankyo, Tokyu Land
Japan’s Nikkei 225 Stock Average rose 174.60, or 1.8 percent, to 9,879.85 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.
Cookpad Inc. (2193 JT) gained 3.9 percent to 9,140 yen, the highest since Nov. 6. The operator of a recipe website expects parent full-year profit to rise 25 percent to 707 million yen ($7.7 million) on a sales increase. The company decided to pay a year-end dividend of 5 yen a share, and will split its stock 2- for-1.
Cybozu Inc. (4776 JT) surged 16 percent to 40,800 yen. The developer of Internet software raised its full-year net income forecast 38 percent to 330 million yen, citing lower-than- expected costs and revisions to investment plans. The company increased its planned year-end dividend to 464 yen a share from 69 yen.
FreeBit Co. (3843 JT) tumbled 12 percent to 274,200 yen, the lowest since February 2008. The Internet-services provider forecast full-year profit will drop 41 percent to 600 million yen. It also forecast sales will rise 16 percent.
Hiday Hidaka Corp. (7611 JT) climbed 2.7 percent to 1,066 yen. The noodle-shop chain’s operating profit probably rose 64 percent from a year earlier to about 800 million yen in the March-May quarter, Nikkei English News reported.
Honda Motor Co. (7267 JT) rallied 4 percent to 2,711 yen. Japan’s second-largest automaker rose in Tokyo trading after most workers at a parts factory in China agreed to end a strike. Also, the Nikkei newspaper reported that the automaker will import more motorcycle parts to Japan to cut costs.
Isuzu Motors Ltd. (7202 JT) gained 4.2 percent to 296 yen. The automaker will spend as much as 4 billion yen to produce low-cost trucks in Indonesia, the Nikkan Kogyo newspaper reported.
Kawasaki Heavy Industries Ltd. (7012 JT) advanced 3.3 percent to 253 yen. The heavy-machinery maker will this year start marketing solar-thermal-power plants, the Nikkei newspaper reported.
Kirin Holdings Co. (2503 JT) slipped 1.9 percent to 1,181 yen, the lowest since May 28, 2009. Japan’s largest beermaker said it will investigate corporate governance at its group companies after a unit made “improper” business transactions.
Mercian Corp. (2536 JT) plummeted 9.3 percent to 157 yen, the steepest decline since December 2007. The maker of alcoholic drinks is investigating “improper” business transactions that may have cost it 6.5 billion yen, according to a press release.
Nissan Motor Co. (7201 JT) rose 2.4 percent to 647 yen. The carmaker will add a third shift at a production line for sport- utility vehicles at its Sunderland plant in the U.K., raising output 30 percent to about 24,000 units a month, Nikkei English News reported. Also, Nissan Motor’s mainstay automobile division may be debt free in fiscal 2010 for the first time in three years, Nikkei English News reported.
Sankyo Co. (6417 JT) advanced 3 percent to 3,975 yen. The maker of pachinko machines will spend as much as 15 billion yen to repurchase up to 3.1 percent of its shares.
Software Service Inc. (3733 JX) surged 13 percent to 1,611 yen, the largest gain since June 16, 2009. The medical information software developer raised its planned dividend in the year ended April to 50 yen from 42 yen. Also, the company said it expects an 18 percent gain in net income to 1.26 billion yen this fiscal year on growing sales.
Token Corp. (1766 JT) sank 4.1 percent to 2,522 yen. The homebuilder said it expects full-year net income will fall 29 percent to 2.74 billion yen on lower sales. It booked a 22 percent decline in profit for the year ended April 30.
Tokyo Dome Corp. (9681 JT) gained 4.3 percent to 245 yen, the largest advance since Sept. 8. The baseball stadium operator posted net income of 41 million yen for the three months ended April 30, compared with a loss of 2.54 billion yen a year earlier.
Usen Corp. (4842 JX) soared 10 percent to 64 yen. Kohlberg Kravis Roberts & Co. is in final talks to buy Usen Corp.’s Intelligence Ltd. recruiting firm for about 32 billion yen, Nikkei English News reported.