Cookpad, Elpida, Mazda, NPC, Sumco, Suzuki, Touei Housing: Japanese Stocks
Japan’s Nikkei 225 Stock Average rose 187.19, or 2.1 percent, to 9,301.32 at 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.
Cookpad Inc. (2193 JT) gained 3.5 percent to 4,500 yen. The operator of a recipe website said net income for the three months ended July 31 more than doubled to 209 million yen ($2.48 million) from 91 million yen on a parent basis, as the number of visitors and page views increased. Sales surged 76 percent.
Elpida Memory Inc. (6665 JT) surged 9.5 percent to 1,039 yen, the biggest gain since August 2009. The world’s third- largest maker of computer-memory chips was rated “strong outperform” in new coverage by Masahiko Ishino, an analyst at Mitsubishi UFJ Morgan Stanley Securities Co.
Hitachi Ltd. (6501 JT) rose 3.1 percent to 361 yen. The electrical and electronic equipment maker may hire recruits to be assigned abroad to bolster its business overseas, Nikkei English News reported.
Mazda Motor Corp. (7261 JT) climbed 3.7 percent to 194 yen. The automaker is considering emergency cost cutting plans to reduce the affect of a strong yen on its earnings, Nikkei English News reported. Mazda will ask suppliers to lower their prices by 3 percent to 5 percent, to reduce costs in design, production and other areas, Nikkei reported.
NEC Corp. (6701 JT) rose 3.2 percent to 224 yen. The electronics manufacturer has developed recognition technology that can reliably determine the gender and approximate age of anyone looking at an advertising display, the Wall Street Journal reported.
Nippon Parking Development Co. (2353 JT) jumped 6.8 percent to 3,920 yen, the steepest rise since Oct. 20. The parking-lot services company said full-year net income rose 25 percent to 765 million yen on growing sales. It expects profit to rise 5.2 percent this fiscal year.
Mochida Pharmaceutical Co. (4534 JT) increased 3.5 percent to 879 yen, rising the most since February 2009. The drugmaker said it will spend as much as 1.1 billion yen to buy back up to 1.1 percent of its outstanding shares.
Sumco Corp. (3436 JT) slumped 3.9 percent to 1,409 yen, the lowest since Dec. 2. The maker of silicon wafers for semiconductors had its share-price estimate lowered to 1,300 yen from 1,600 yen by Nobuhito Owaki, a Tokyo-based analyst at JPMorgan Chase & Co., who maintained a “neutral” rating. Sumco narrowed its full-year net loss forecast to 12 billion yen from 20 billion yen, citing an increase in first-half demand.