Daiwa House, Hioki, Inpex, JGC, Kasai Kogyo, Toho Titanium: Japan Stocks
Japan’s Nikkei 225 Stock Average rose 49.58, or 0.5 percent, to 9,585.32 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.
Titanium producers: Titanium smelting sector and ratings on Toho Titanium Co. (5727 JT) and Osaka Titanium Technologies Co. (5726 JT) were increased to “outperform” from “neutral” at Daiwa Securities Group Inc. Toho Titanium climbed 3.1 percent to 2,354 yen. Osaka Titanium gained 2.4 percent to 3,780 yen.
Daiwa House Industry Co. (1925 JT) advanced 2.1 percent to 831 yen. The homebuilder was raised to “outperform” from “neutral” at Credit Suisse Group.
Hioki E.E. Corp. (6866 JT) surged 6.2 percent to 1,825 yen, the sharpest increase since October 2008. The maker of electric measuring devices boosted its full-year net income outlook by 87 percent to 1.44 billion yen ($16.3 million) as large-lot orders from some electronic-parts makers contributed more than expected to sales. Hioki doubled its planned yearend dividend to 20 yen per share.
Inpex Corp. (1605 JT) tumbled 13 percent to 415,000, the lowest close since its listing in April 2006. Japan’s largest energy explorer plans to raise as much as 587.2 billion yen by selling shares in Japan and overseas, according to a filing with Japan’s finance ministry.
JGC Corp. (1963 JT) leapt 4.8 percent to 1,452 yen, rising the most since Sept. 29. The plant engineering company was rated “buy” in new coverage at MF Global Equities Research.
Kasai Kogyo Co. (7256 JT) jumped 5.5 percent to 306 yen. The maker of car interior equipment will establish a venture with China’s Chery Automobile Co. (CACTZ CH) to produce car interior materials in China’s Anhui province, Nikkei English News said, without citing anyone.
Takaoka Electric Manufacturing Co. (6621 JT) climbed 4.9 percent to 324 yen. The maker of battery chargers for electric cars plans to supply its technology and components to Western manufacturers, the Nikkei newspaper reported.