By Akiko Ikeda and Anna Kitanaka
March 25 (Bloomberg) -- Japan’s Nikkei 225 Stock Average rose 10.99, or 0.1 percent, to 10,826.02 as of the morning close in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Chip trading firms: Intel Corp. (INTC US) will hire three semiconductor trading companies to sell its low-priced Atom microprocessor in Japan for use in automobiles and digital electronics, Nikkei English News reported, without saying where it obtained the information. Tokyo Electron Device Ltd. (2760 JT) rose 5.1 percent to 132,400 yen, set for the highest close since November 2008. Vitec Co. (9957 JT) jumped 3.1 percent to 700 yen. Innotech Corp. (9880 JT) gained 1.1 percent to 544 yen.
All Nippon Airways Co. (9202 JT) lost 3.3 percent to 261 yen. Asia’s second-largest carrier by sales had its rating lowered to “sell” from “neutral” by Thomas Kim, an analyst at Goldman Sachs Group Inc.
CFS Corp. (8229 JT) surged 7.4 percent to 569 yen. Aeon Co. (8267 JT), a Japanese retailer, plans to raise its stake in CFS to 51 percent from 33 percent through a public tender offer and private share placement. Aeon fell 1 percent to 1,005 yen.
Jtekt Corp. (6473 JT) climbed 2.7 percent to 1,031 yen. The auto-parts maker was rated “buy” in new coverage by William Montgomery, an analyst at MF Global Ltd.
Nachi-Fujikoshi Corp. (6474 JT) jumped 6 percent to 302 yen, a level not seen since September 2008. The bearing maker probably returned to an operating profit of about 1 billion yen ($10.9 million) in the December-to-February period from a loss of 293 million yen a year ago, the Nikkei newspaper reported without citing anyone.
Nippon Express Co. (9062 JT) advanced 2.1 percent to 392 yen. The freight company said it expects sales to reach 1.8 trillion yen in the fiscal year ending March 2013.
Obayashi Corp. (1802 JT) sank 2.2 percent to 392 yen. The general contractor changed its full-year forecast to a net loss of 54 billion yen from a 7.5 billion yen profit, citing decreased domestic orders and losses from Dubai.
Riso Kyoiku Co. (4714 JT) rallied 3.4 percent to 4,715 yen. The cram school operator’s full-year operating profit probably increased 46 percent to about 2.5 billion yen, beating the company’s forecast of a 2.31 billion yen profit, the Nikkei newspaper reported without saying where it got the information.
Sanden Corp. (6444 JT) rose 3.7 percent to 362 yen. The maker of air conditioners said it decided to pay a yearend dividend of 5 yen. The company did not pay a dividend last year.
Toray Industries Inc. (3402 JT) climbed 3.3 percent to 531 yen. The maker of synthetic fiber plans to raise prices of carbon fiber by as much as 15 percent starting in April, as demand from aircraft and sporting goods makers recovers, the Nikkei newspaper reported, without saying where it got the information.
Toyo Suisan Kaisha Ltd. (2875 JT) declined 2.7 percent to 2,392 yen. The seafood company was cut to “neutral” from “outperform” by Yoshiyasu Okihira, an analyst at Credit Suisse Group.
Yokohama Rubber Co. (5101 JT) increased 4.5 percent to 440 yen. The tiremaker raised its full-year net income forecast by 34 percent to 9.4 billion yen because of snowy weather and increases in demand for new autos and from emerging markets.
(businessweek.com)
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