Japan Stocks: Aisin Seiki, Dai Nippon, Elpida, JVC Kenwood
Japan’s Nikkei 225 Stock Average (NKY) rose 76.80, or 0.8 percent, to 10,355.99 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.
Aisin Seiki Co. (7259 JT), an auto-parts maker, rose 2.3 percent to 2,913 yen. The company had its stock price estimate increased to 3,350 yen from 2,840 yen by Seiji Sugiura, an analyst at Mizuho Securities Co., who maintained the “outperform” rating.
Dai Nippon Printing Co. (7912) , a printing-service company, rose 1.8 percent to 1,122 yen. The company will spend 6 billion yen ($72 million) for a plant in Fukuoka prefecture, southern Japan, to increase production capacity of materials for lithium-ion batteries and solar cells, according to a release on its website.
Digital Garage Inc. (4819) , a website service provider, gained 4.1 percent to 203,000 yen, after forecasting a half-year net income of 130 million yen, compared with an earlier projection of a 230 million yen loss.
Elpida Memory Inc. (6665 JT), the world’s third-largest maker of computer-memory chips, advanced 1.6 percent to 942 yen. The company is in talks with Powerchip Technology Corp. and other Taiwan chip companies on business tie-up including mergers and capital alliances, the Kyodo news reported.
Hoosiers Corp. (8907 JT), a real estate company, surged 17 percent to 38,000 yen, the highest since May 2008. The developer bought land in Yokohama city, near Tokyo, aiming to sell new condominiums in the area. The company will focus on buying land in Tokyo metropolitan districts for commercial use, it said in a release.
JVC Kenwood Holdings Inc. (6632 JT), a maker of audio equipment, video cameras and televisions, sank 4.7 percent to 282 yen. JVC Kenwood’s Victor Japan unit is seeking to cut 500 additional jobs in the nation by the end of March, according to a statement.
Mimasu Semiconductor Industry Co. (8155) , a maker of semiconductor materials, soared 6.6 percent to 940 yen, the steepest advance since September 2009, after the company said first-half net income jumped to 657 million yen from 142 million yen a year earlier.
Opt Inc. (2389) , an Internet advertising agency, jumped 6.4 percent to 125,500 yen. The company was raised to “outperform” from “neutral” by Mitsubishi UFJ Morgan Stanley Securities Co.
Sosei Group Corp. (4565) , a biopharmaceutical company, rose 1.6 percent to 150,200 yen, the highest since October 2009. The government will officially approve the company’s emergency contraception drug soon, the Kyodo news reported.
Soshin Electric Co. (6938) , a maker of electronic components, surged by its daily limit of 80 yen, or 21 percent, to 455 yen, the biggest gain since October 2002. The company will sell a new-type of condenser for solar-power generators and wind-power generators next year, the Nikkei newspaper reported. The new devices will have 10 times the electric storage capacity of conventional condensers, according to the report.
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