Advantest, All Nippon, Komatsu, Mizuho, Nissan, Toshiba: Equity Movers
Japan’s Nikkei 225 Stock Average rose 258.01, or 2.7 percent, to 9,795.24 at 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.
Intel Corp. Results: Advantest Corp. (6857 JT), Ibiden Co. (4062 JT) and other chip-related firms advanced after Intel Corp. (INTC US), the world’s biggest chipmaker, reported record second-quarter sales and topped analysts’ estimates with its forecast for this period.
Advantest gained 5.7 percent to 2,013 yen. Ibiden rose 3.2 percent to 2,618 yen. Shinko Electric Industries Co. (6967 JT) advanced 3.6 percent to 1,270 yen. Tokyo Electron Ltd. (8035 JT) increased 4.1 percent to 5,110 yen. Elpida Memory Inc. (6665 JT) climbed 3.6 percent to 1,459 yen. Sumco Corp. (3436 JT) leapt 4.3 percent to 1,640 yen. Taiyo Yuden Co. (6976 JT) rallied 7.6 percent to 1,221 yen.
All Nippon Airways Co. (9202 JT) advanced 3.5 percent to 297 yen. Asia’s second-largest carrier by sales was raised to “neutral” from “underweight” by Hitoshi Hosoya, a Tokyo- based analyst at JPMorgan Chase & Co. Separately, the airline is considering Kansai airport in Japan as a possible base for a discount carrier, President Shinichiro Ito said.
Daito Pharmaceutical Co. (4577 JT) lost 4 percent to 1,115 yen. The drugmaker said it expects first-half net income will fall 26 percent to 350 million yen, while it forecast full-year net income will rise 6.4 percent to 800 million yen.
IHI Corp. (7013 JT) leapt 3.3 percent to 156 yen and Kawasaki Heavy Industries Ltd. (7012 JT) rose 2.7 percent to 225 yen. The companies are among manufacturers joining with partners overseas to bid for rail projects, Nikkei English News reported.
Komatsu Ltd. (6301 JT) rallied 5.4 percent to 1,790 yen, the sharpest advance since July 14, 2009. The world’s second- largest maker of construction equipment raised its first-half net income forecast by 41 percent to 52 billion yen on rising demand from Asia and Latin America.
Kuraray Co. (3405 JT) rose 3.4 percent to 1,123 yen. The fiber maker intends to increase liquid-crystal-display film output by 30 percent by the first half of 2012, Nikkei English News reported.
Land Co. (8918 JT) jumped 6.7 percent to 32 yen. The condominium developer said it will sell 26.7 million new shares to three designated investors.
Lintec Corp. (7966 JT) gained 4.8 percent to 1,713 yen. The maker of adhesive products may report operating profit of 5.5 billion yen for the April-to-June quarter, Nikkei English News said. That would be a record for a quarter, exceeding the 4.8 billion yen during the October-to-December period of 2007, Nikkei said.
Mizuho Financial Group Inc. (8411 JT) climbed 3 percent to 139 yen. Japan’s second-largest publicly traded bank by assets is raising as much as 748 billion yen in its second share sale in a year to comply with stricter global capital rules.
Nissan Motor Co. (7201 JT) increased 3.9 percent to 670 yen. Japan’s third-largest carmaker said it plans to double its dealer network in India by the end of the current fiscal year.
Sugi Holdings Co. (7649 JT) jumped 5.3 percent to 1,984 yen, the steepest increase since Aug. 20. The drugstore chain said first-quarter net income jumped 52 percent to 1.42 billion yen, partly reflecting a product valuation charge it booked in the previous year.
Suminoe Textile Co. (3501 JT) lost 1.7 percent to 175 yen. The interior-products maker expects a 4.4 percent drop in net income to 1.35 billion yen this fiscal year.
Toshiba Corp. (6502 JT) rose 3.8 percent to 468 yen. Japan’s biggest memory-chipmaker and SanDisk Corp. (SNDK US) of the U.S. said they signed an agreement for their third plant in Japan.