Dydo Drinco, Hokuyu Lucky, Mitsui O.S.K., Osaka Titanium: Equity Movers
Japan’s Nikkei 225 Stock Average rose 11.49, or 0.1 percent, to 8,856.88 as of 10:23 a.m. in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Dydo Drinco Inc. (2590 JT) rose 0.5 percent to 3,150 yen. The company said drink sales in the month ended August 20 increased 4.5 percent from the same period a year earlier on a parent basis, helped by record August high temperatures across the country.
Hokuyu Lucky CO. (2747 JQ) tumbled 8.1 percent to 362 yen, set for the sharpest slide since March 1. The operator of supermarkets said it will retire 4.85 percent of its common shares.
Mitsui O.S.K. Lines Ltd. (9104 JT) fell 1.3 percent to 535 yen after the shipping line was cut to “underperform” from “outperform” at Mizuho Securities Co.
Osaka Titanium Technologies Co. (5726 JT) surged 7.2 percent to 3,710 yen. The titanium smelter said it resumed polysilicon production at its Hyogo Plant on Aug. 24.
Parco Co. (8251 JT) jumped 5.2 percent to 646 yen. The manager of shopping centers will sell 15 billion yen of convertible bonds to the Development Bank of Japan, according to a filing with the finance ministry. Separately, Parco announced the company will expand its business in China.
Suzuki Motor Corp. (7269 JT) rose 1.1 percent to 1,610 yen. Suzuki Motorcycle India Pvt., the automaker’s subsidiary unit, plans to double manufacturing capacity to 540,000 units by 2012, Chairman Katsumi Takata said in New Delhi.