Air Water, CSK, Marubeni, Nippon Electric, SMC, Yamaichi: Japanese Stocks
Japan’s Nikkei 225 Stock Average fell 86.53, or 0.9 percent, to 9,166.93 at the 11 a.m. trading break in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Air Water Inc. (4088 JT) rose 2.3 percent to 967 yen. The industrial gas maker said its first-quarter net income jumped 39 percent to 4.17 billion yen ($48.6 million).
CSK Holdings Corp. (9737 JT) sank 6.3 percent to 285 yen, headed for its lowest close since April 2009. The computer- services company was cut to “neutral” from “buy” by Makoto Ueno, an analyst at Daiwa Securities Group Inc.
Gree Inc. (3632 JT) soared 5.8 percent to 6,710 yen. Citigroup Inc. reiterated its “buy” rating on the social- networking site operator.
Nippon Electric Glass Co. (5214 JT) slid 2.4 percent to 1,008 yen, headed for its lowest close since Nov. 27. The glassmaker was cut to “equal-weight” from “overweight” by Eric Lee, an analyst at Barclays Capital.
Yamaichi Electronics Co. (6941 JT) tumbled 14 percent to 241 yen, the biggest drop since March 2009. The maker of integrated-circuit sockets said it plans to raise as much as 1.29 billion yen by selling shares to the public, according to a filing with Japan’s finance ministry.