Japan Stocks: Daiwabo, Hosokawa, Koito, Nintendo, Nippon Steel
Japan’s Nikkei 225 Stock Average fell 188.95, or 1.9 percent, to 9,937.04 as of 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.
Medical maskmakers: Daiwabo Holdings Co. (3107 JT) jumped 5 percent to 231 yen. Shikibo Ltd. (3109 JT) gained 2.6 percent to 118 yen. Fujibo Holdings Inc. (3104 JT) climbed 2.4 percent to 128 yen.
Drugmakers: Taiko Pharmaceutical Co. (4574 JT) advanced 4.8 percent to 1,275 yen and Aska Pharmaceutical Co. (4514 JT) increased 1.7 percent to 545 yen.
An outbreak of bird flu is suspected at a farm in Japan’s southwestern Shimane Prefecture after five chickens were found dead yesterday, the local government said on its website.
Cresco Ltd. (4674 JT), a business-software developer, jumped 7.7 percent to 448 yen, the biggest gain since April 30. The company said it will repurchase as much as 3.8 percent of its shares.
Fujitsu General Ltd. (6755 JT), a maker of air-conditioning units, soared 9.9 percent to 445 yen, rising the most since April 30. The company had its stock price estimate increased to 720 yen from 650 yen by Masashi Hayami, a Tokyo-based analyst at JPMorgan Chase & Co., who maintained the “overweight” rating.
Hosokawa Micron Corp. (6277 JT), a thermal processing machinery maker, surged 10 percent to 334 yen, while Nisshin Seifun Group Inc. (2002 JT), a flour maker, slumped 3.4 percent to 1,014 yen. Nisshin Seifun and one of its units will acquire 8.2 percent of Hosokawa Micron from Yuno International for an undisclosed amount, the companies said.
Koito Manufacturing Co. (7276 JT), a maker of lighting equipment for cars, rose 1.8 percent to 1,203 yen. The company was rated “buy” in new coverage by Takashi Moriwaki, a Tokyo- based analyst at Deutsche Bank AG.
Nintendo Co. (7974 JO), the world’s biggest maker of video- game machines, gained 3.4 percent to 22,730 yen. The company sold more Wii game consoles and fewer DS handheld players in the U.S. during the week including “Black Friday.” Nintendo sold 600,000 Wii consoles and 900,000 DS players in the week to Nov. 27, it said in a statement.
Nippon Steel Corp. (5401 JT), Japan’s largest producer of the metal, sank 4.5 percent to 277 yen, the biggest drop since October 2009, and JFE Holdings Inc. (5411 JT) fell 2.6 percent to 2,661 yen. The steelmakers were cut to “neutral” from “outperform” by Mizuho Securities Co. Also, the Nikkei newspaper reported Japanese steelmakers may have to increase spending on raw materials by more than 50 billion yen for the January-to-March period from the current quarter because of rising prices of iron ore and coking coal.
Sumitomo Trust & Banking Co. (8403 JT) slipped 2.8 percent to 444 yen and Chuo Mitsui Trust Holdings Inc. (8309 JT) slid 2.3 percent to 295 yen. The trust banks were lowered to “neutral” from “outperform” by Shinichi Ina, a Tokyo-based analyst at Credit Suisse Group AG.
T.D.I. Co. (9638 JQ), a developer of computer software, rallied 9.4 percent to 778 yen, the biggest gain since August 2009. The company said it will buy back up to 1.7 percent of its shares.
Tact Home Co. (8915 JT), a homebuilder, jumped 12 percent to 79,800 yen, the steepest rise since Nov. 30, 2009. The company will probably post a first-half operating profit of slightly above 4 billion yen, buoyed by more-than-expected single-family house sales, the Nikkei newspaper reported. The profit would be 2.2 times from a year earlier and about 1.4 billion above the company’s estimate, the report said.
Toshiba Machine Co. (6104 JT), an industrial machinery maker, increased 3 percent to 383 yen. The company was boosted to “buy” from “neutral” by Ge Wenjie, an analyst at Nomura Holdings Inc.
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