Fuhrmeister, Clarion, H.I.S., Meiji, Shimano, Toyota Tsusho: Equity Movers
Japan’s Nikkei 225 Stock Average rose 171.00, or 1.8 percent, to 9,470.31 at the midday trading break in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Apamanshop Holdings Co. (8889 JX), a real-estate agent, advanced 2.6 percent to 3,220 yen. Laox Co. (8202 JT), an electronics retailer, increased 2.6 percent to 79 yen. The companies formed an alliance in home-electronics sales.
Clarion Co. (6796 JT), a car audio equipment maker, climbed 1.9 percent to 162 yen. The company reversed its first-half forecast to a net income of 800 million yen ($9.46 million) from a loss of 1 billion yen because of higher sales and lower costs related to business restructuring.
Fuhrmeister Electronics Co. (3165 JQ), a Japanese trader of semiconductors and electronic parts, traded at 1,047 yen, compared with the initial offering price of 1,000 yen. The company was listed on the Jasdaq Securities Exchange today.
H.I.S. Co. (9603 JT), Japan’s largest listed travel agency by revenue, lost 1.7 percent to 1,730 yen. The company was cut to “neutral” from “buy” at Nomura Holdings Inc.
Japan Wind Development Co. (2766 JT), a wind-power developer, surged 19 percent to 121,900 yen. Toyota Motor Corp. (7203 JT), Hitachi Ltd. (6501 JT), Panasonic Electric Works Co. (6991 JT) and Japan Wind intend to begin a pilot smart grid in Aomori Prefecture this week, Nikkei English News reported, without saying how it got the information. Toyota gained 3.5 percent to 3,000 yen. Hitachi climbed 2.5 percent to 367 yen. Panasonic was unchanged at 1,107 yen.
Leopalace21 Corp. (8848 JT), a real-estate company, sank 3.3 percent to 148 yen. The company said the amount of orders received for apartment construction totaled 4.59 billion yen in August, lower than 14.8 billion yen a year ago.
Meiji Holdings Co. (2269 JT), a dairy products maker, advanced 2.6 percent to 3,990 yen, set for the highest close since its listing in April 2009. The company said in a statement it aims to have 1.5 trillion yen in sales and an operating margin of 5 percent or more in fiscal 2020.
Nippon Building Fund Inc. (8951 JT), a real estate investment trust, gained 1.8 percent to 737,000 yen. The company was raised to “buy” from “hold” at Deutsche Bank AG.
Shimano Inc. (7309 JO), a maker of bicycle equipment and fishing gear, rose 2.6 percent to 4,285 yen. The company said it will spend as much as 2 billion yen to buy back up to 0.5 percent of its outstanding shares.