Askul, Canon, Fuji Soft, GS Yuasa, JX, Kenedix, Santen, Uny: Japan Stocks
Japan’s Nikkei 225 Stock Average rose 43.45, or 0.5 percent, to 9,235.05 as of the 11 a.m. trading break in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Askul Corp. (2678 JT) gained 5.3 percent to 1,599 yen. The distributor of office equipment forecast full-year operating profit for this current fiscal year will be 8 billion yen, compared with 7 billion yen a year earlier.
Canon Inc. (7751 JT) rose 3.1 percent to 3,325 yen. The world’s biggest maker of cameras and office equipment was boosted to “outperform” from “neutral” by Ryosuke Katsura, an analyst at Mizuho Securities Co. The share price estimate was unchanged at 4,600 yen.
Fuji Soft Inc. (9749 JT) increased 3.2 percent to 1,500 yen. The software developer was raised to “neutral” from “underperform” by Nobumasa Morimoto, an analyst at Credit Suisse Group AG. The share price estimate was also increased to 1,400 yen from 1,310 yen.
GS Yuasa Corp. (6674 JT) plunged 6.7 percent to 545 yen, its biggest decline since November 2009. Toshiba Corp. (6502 JT) is working with Mitsubishi Motors Corp. (7211 JT) to develop SCiB batteries for electric vehicles, Toshiba said in a statement. GS Yuasa has a partnership with the carmaker to provide lithium-ion cells for Mitsubishi’s electric cars. Toshiba climbed 1.4 percent to 445 yen. Mitsubishi Motors slipped 0.9 percent to 111 yen.
JX Holdings Inc. (5020 JT) gained 3.5 percent to 449 yen. The oil refiner said it will build a liquefied-natural-gas facility on Japan’s northern island of Hokkaido.
Kenedix Inc. (4321 JT) slumped 2.6 percent to 14,230 yen. The real-estate-investment company was cut to “reduce” from “buy” by BNP Paribas.
Santen Pharmaceutical Co. (4536 JT) rose 1.3 percent to 3,140 yen. The drugmaker was rated “hold” in new coverage by BNP Paribas. The share price estimate was set at 3,400 yen.
Uny Co. (8270 JT) rose 1.8 percent to 672 yen. The department store chain reported first-quarter net income of 180 million yen, compared with a net loss of 3.43 million a year earlier.