FamilyMart, Leopalace21, Tokio Marine, Village Vanguard: Japanese Stocks
Japan’s Nikkei 225 Stock Average fell 107.90, or 1.2 percent, to 9,300.46 as of the 3 p.m. close in Tokyo. The following were among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Daiwa Securities Group Inc. (8601 JT) lost 3.1 percent to 376 yen. Japan’s second-largest brokerage will probably book a net loss for a second straight quarter in the three months ended in June, the Nikkei newspaper reported without saying where it obtained the information.
Digital Garage Inc. (4819 JQ) soared 14 percent to 140,000 yen, rising the most since Nov. 26. The website service provider said it will start selling advertising space on the Twitter Inc.’s (2903130Z US) social-networking Web site for mobile phone users in Japan.
FamilyMart Co. (8028 JT) rose 2 percent to 3,135 yen. The convenience-store operator will double its network of shops in Asia to 15,500 by the end of March 2016, the Nikkei newspaper said.
Ichiyoshi Securities Co. (8624 JT) dropped 2.6 percent to 573 yen. The brokerage swung to a first-quarter net loss of 209 million yen ($2.41 million) from a year-earlier profit of 98 million yen on falling sales, according to a preliminary earnings statement.
Kokusai Kogyo Holdings Co. (9234 JT) jumped 5.1 percent to 207 yen. The aerial survey company will probably post an operating profit of about 300 million yen in its solar energy business in the year ending in March 2011, the Nikkei newspaper reported without citing anyone.
Leopalace21 Corp. (8848 JT) climbed 2.2 percent to 231 yen. The property developer was raised to “neutral” from “underperform” at Credit Suisse Group.
Sharp Corp. (6753 JT) rallied 1.5 percent to 958 yen. Japan’s largest maker of liquid-crystal displays said it aims to win a 10 percent share of televisions sold in China. The company plans to capture as much as 7 percent of the market in the 12 months ending March 31, 2011. The company plans to partner Verizon Wireless to offer e-book readers, Bob Scaglione, senior vice president of Sharp’s consumer-electronics marketing group, said in a briefing in Tokyo today.
Tokio Marine Holdings Inc. (8766 JT) gained 1 percent to 2,413 yen. The casualty insurer had its rating increased to “overweight” from “neutral” at HSBC Holdings Plc.
Toyo Electric Manufacturing Co. (6505 JT) advanced 1.8 percent to 397 yen. The electric-equipment maker was raised to “outperform” from “market perform” at Mitsubishi UFJ Morgan Stanley Securities Co.
Village Vanguard Co. (2769 JQ) tumbled by the daily limit of 70,000 yen, or 18 percent, to 328,500 yen, the sharpest slide since May 2004. The retailer of books, CDs and videos expects a 30 percent drop in net income to 1.28 billion yen this fiscal year.