Japan Stocks: Aisin Seiki, Dai Nippon Printing, Elpida, Opt
Japan’s Nikkei 225 Stock Average rose 61.07, or 0.6 percent, to 10,340.26 at the midday trading break 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 percent to 2,905 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 JT), a printing-service company, rose 1.5 percent to 1,119 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.
Elpida Memory Inc. (6665 JT), the world’s third-largest maker of computer-memory chips, advanced 4 percent to 964 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, jumped 7.9 percent to 34,950 yen, set for the highest close since May 2008. The developer has bought a 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.
Opt Inc. (2389 JQ), an Internet advertising agency, gained 4.2 percent to 123,000 yen. The company was raised to “outperform” from “neutral” by Mitsubishi UFJ Morgan Stanley Securities Co.
Sosei Group Corp. (4565 JT), a biopharmaceutical company, soared 11 percent to 164,700 yen, en route for the highest close since October 2009. The government will officially approve the company’s emergency contraception drug soon, the Kyodo news reported.
Soshin Electric Co. (6938 JT), a maker of electronic components, surged 15 percent to 430 yen, headed for the biggest gain since September 2005. 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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