Apamanshop, Chiyoda, Matsui, Nidec, Ryohin Keikaku, Touei: Japanese Stocks
Japan’s Nikkei 225 Stock Average fell 37.21, or 0.4 percent, to 9,548.11 as of the close in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Apamanshop Holdings Co. (8889 JX) gained 5 percent to 3,800 yen. The real-estate agent and electronics retailer Laox Co. (8202 JT) are considering an alliance in home-electronics sales. Laox rose 1 percent to 105 yen.
Chiyoda Corp. (6366 JT) advanced 3.4 percent to 692 yen. The plant engineering company was boosted to “market perform” from “underperform” by Teruo Isozaki, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co.
Harmonic Drive Systems Inc. (6324 JQ) leapt 3.2 percent to 392,000 yen. The maker of precision instruments said sales in the first quarter increased to 4.58 billion yen from 1.05 billion yen a year earlier on a parent basis.
Japan Wool Textile Co. (3201 JT) rallied 7.7 percent to 696 yen. The textile maker increased its projection for full-year operating profit by 20 percent to 4.2 billion yen. The company separately said it will spend as much as 850 million yen to buy back up to 1.2 percent of its shares.
Maruetsu Inc. (8178 JT) rose 2.5 percent to 330 yen. The supermarket operator was boosted to “strong outperform” from “market perform” by Junichi Kanamori, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co.
Nidec Corp. (6594 JO) gained 3.5 percent to 8,270 yen. The world’s biggest maker of motors for disk drives may gain should demand for personal computers in Europe and Asia stay steady or rise, Barron’s reported.
Ryohin Keikaku Co. (7453 JT) lost 4.4 percent to 3,285 yen, the lowest since Dec. 25. The operator of the Muji retail chain posted a 26 percent drop in first-quarter net income to 2.18 billion yen.
Touei Housing Corp. (8875 JT) surged 11 percent to 871 yen. The homebuilder raised its full-year net income outlook 41 percent to 5.71 billion yen, citing lower construction costs. The company will pay a commemorative dividend of 10 yen per share to mark its 60th anniversary, boosting the planned second- half dividend to 25 yen from 15 yen.