Chiyoda Integre, East Japan Railway, Hogy, Kohnan Shoji: Japanese Stocks
Japan’s Nikkei 225 Stock Average fell 10.88, or 0.1 percent, to 9,537.23 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.
Chiyoda Integre Co. (6915 JT) declined 3.7 percent to 1,106 yen. The electronic-components maker said nine-month net income fell 40 percent to 308 million yen ($3.5 million).
East Japan Railway Co. (9020 JT) sank 2.7 percent to 5,830 yen. Japan’s largest train operator by sales was lowered to “underweight” from “neutral” by Hitoshi Hosoya, a Tokyo- based analyst at JPMorgan Chase & Co.
Hogy Medical Co. (3593 JT) leapt 3 percent to 4,285 yen. The surgical tools maker said first-quarter operating profit rose 9.1 percent to 2.16 billion yen, citing improved productivity and cost cuts.
Kohnan Shoji Co. (7516 JT) jumped 4.9 percent to 968 yen, the sharpest increase since Oct. 9. The home-center chain turned to first-quarter net income of 1.98 billion yen from a year- earlier loss, reflecting the absence of an inventory valuation charge booked in the previous year.
Toyo Electric Manufacturing Co. (6505 JT) slumped 6.6 percent to 414 yen. The electric-equipment maker’s full-year operating profit fell 30 percent to 975 million yen, 25 percent below its forecast. The company expects a 64 percent gain in operating profit to 1.6 billion yen this fiscal year.