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Japan’s Topix Index Rises to Five-Week High Amid Earnings

Japan’s Topix index rose a second day, with the gauge closing at a five-week high, as investors assessed corporate earnings and developers advanced.

The Topix Real Estate Index climbed 2.1 percent to lead gains among the 33 industry groups. Kubota Corp., which makes tractors and combine harvesters, jumped 5.9 percent after net income and the company’s profit forecast beat estimates. Dwango Co. and Kadokawa Corp. each surged at least 9 percent after a report they will merge. Nikon Corp. posted its lowest close in three years after the camera maker’s net income for the last fiscal year and profit outlook missed estimates.