Topix Gains for Fourth Day Amid Earnings as Honda Jumps
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Japanese shares rose a fourth day, with the Topix index extending a six-month high, as earnings from companies including Honda Motor Co. and Mitsubishi Electric Corp. cheered investors.
Honda gained 3.1 percent for the biggest boost to the Topix after the carmaker reported a 20 percent gain in profit and raised its full-year net-income forecast. Mitsubishi Electric added 3.4 percent after the electronic-component maker boosted its operating-profit outlook as first-quarter earnings jumped. Shinsei Bank Ltd. rose the most on the Nikkei 225 Stock Average after profit beat analyst estimates. Nomura Holdings Inc., Japan’s No. 1 brokerage, lost 1.4 percent as net income slumped.