Central Glass, Disco, Lintec, Mitsubishi Materials, Taisei: Japan Stocks
Japan’s Nikkei 225 Stock Average fell 21.44, or 0.2 percent, to 9,551.05 at 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.
All Nippon Airways Co. (9202 JT) fell 2.6 percent to 306 yen. Thomas Kim, an analyst at Goldman Sachs Group Inc., reduced the airline’s share-price target to 220 yen from 230 yen, while maintaining the “sell” rating on the stock.
Central Glass Co. (4044 JT) jumped 2.3 percent to 350 yen. The glassmaker said it will spend as much as 1.2 billion yen ($14 million) to buy back up to 1.4 percent of its shares. The company also raised its first-half net income forecast to 1.5 billion yen from 1.2 billion yen.
Disco Corp. (6146 JT) climbed 5.6 percent to 5,070 yen. The maker of abrasives and precision machinery boosted its first- half net income forecast by 50 percent to 6.9 billion yen, citing a strong chip market in Asia.
GS Yuasa Corp. (6674 JT) advanced 3 percent to 557 yen. The battery maker has succeeded in creating a high-performing lithium ion battery, Nikkei English News reported.
Lintec Corp. (7966 JT) rose 2.8 percent to 1,718 yen. The maker of adhesive products raised its first-half net income forecast by 52 percent to 7.3 billion yen.
Mitsubishi Materials Corp. (5711 JT) soared 5.1 percent to 249 yen. Japan’s third-largest copper producer raised its first- half net income forecast to 6 billion yen, compared with a previous projection of 1 billion yen, citing higher-than- expected copper prices and a recovery in demand for cars and semiconductors.
Mitsui High-Tec Inc. (6966 JT) tumbled 11 percent to 509 yen, the biggest drop since November 2008. The machinery-parts maker said it expects a net loss of 1 billion yen for the year ending January, citing asset disposal. It previously projected a 200 million yen gain.
Miraca Holdings Inc. (4544 JT) rose 6.9 percent to 2,799 yen, the biggest jump since Nov. 9. The drugmaker said operating profit for the three months ended June 30 surged 17 percent to 6.08 billion yen from a year earlier.
Nippon Paint Co. (4612 JT) surged 3.9 percent to 539 yen. The paint maker raised its half-year net income forecast 41 percent to 6.9 billion yen on higher-than-expected demand for automobiles at home and overseas.
Nisshinbo Holdings Inc. (3105 JT) increased 3.6 percent to 928 yen. The textile maker raised its full-year net income forecast by 9.1 percent to 12 billion yen.