Skip to content
Subscriber Only

Ebara Jumps Most in a Year After Boosting Profit Forecast 50%

Ebara Corp., a Japanese pump maker, jumped the most in almost a year in Tokyo trading after raising its half-year operating profit forecast 50 percent to 9 billion yen ($105 million).

Ebara advanced 8.5 percent to 369 yen as of 9:07 a.m. on the Tokyo Stock Exchange, headed for the biggest gain since Aug. 20, 2009. It was the best performer among stocks on the benchmark Nikkei 225 Stock Average, which dropped 1 percent.