Canon, Dr Ci:Labo, Japan Tobacco, Nomura, Skymark, Sysmex: Japan Stocks
Japan’s Nikkei 225 Stock Average rose 140.78, or 1.6 percent, to 9,239.17 as of the 3 p.m. close in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Canon Inc. (7751 JT), the world’s largest camera maker, jumped 5.6 percent to 3,750 yen. Canon said it plans to buy back as much as 1.2 percent of its outstanding shares for as much as 50 billion yen ($595 million).
Dr Ci:Labo Co. Ltd. (4924 JT), a cosmetics developer, rose 2.1 percent to 280,900 yen. The company said it expects a 12 percent gain in net income to 5.27 billion yen this fiscal year on growing sales.
Hitachi Construction Machinery Co. (6305 JT), an excavator maker, rose 2 percent to 1,761 yen. The company may have 13 billion yen in group operating profit for the half year ending in September, topping its forecast by 2 billion yen, Nikkei English News said.
Japan Tobacco Inc. (2914 JT), the world’s third-largest publicly traded cigarette maker, gained 4.1 percent to 278,000 yen. Japan Tobacco’s Tanzanian unit, the largest cigarette maker in the East African nation, said profit in the first half through June surged 89 percent as revenue advanced.
Nissin Servicer Co. (8426 JT) and other companies that hold stakes in Incubator Bank of Japan Ltd. (INBOJZ JP) fell after Japanese Financial Services Minister Shozaburo Jimi said the Tokyo-based small business lender plans to file for bankruptcy protection today.
Nissin Servicer plunged by its daily limit of 300 yen, or 26 percent, to 850 yen, the biggest drop since its listing in September 2004. J Trust Co. (8508 JO) lost 4.6 percent to 292 yen. Credit Organization Of Small And Medium-Sized Enterprises Co. (8489 JQ) plummeted 11 percent to 162 yen.
Nomura Co. (9716 JT), a commercial-display contractor, tumbled 9.5 percent to 248 yen, the biggest drop since January 2006. The company slashed its full-year net income forecast by 75 percent to 200 million yen.
Ohara Inc. (5218 JT), an optical glassmaker, climbed 4 percent to 1,180 yen. The company turned to nine-month net income of 1.76 billion yen from a year-earlier loss as sales jumped by 54 percent.
Shinsei Bank Ltd. (8303 JT) slumped 4.6 percent to 63 yen. Moody’s Investors Service has assigned a Baa2 rating to the lender’s euro-denominated subordinated notes due 2020, placing the rating on review for possible downgrade.
Skymark Airlines Inc. (9204 JT), Japan’s largest low-fare carrier, slumped 5.9 percent to 619 yen, after All Nippon Airways Co. (9202 JT) yesterday said it will set up a budget carrier. All Nippon, Asia’s largest carrier, was unchanged at 316 yen.
Sysmex Corp. (6869 JT), a maker of reagents, leapt 2.6 percent to 5,540 yen. The company plans to invest 1.1 billion yen to build a plant in China. The company aims to begin operations at the facility in Jinan city, Shandong province, in May 2012, according to a statement on its website.