May 22 (Bloomberg) -- Japan's Nikkei 225 Stock Average fell 111.18, or 1.2 percent, to 9,152.97 as of 9:30 a.m. in Tokyo. The following are among the most active shares in the Japanese market today. Stock symbols are in parentheses after company names.
Central Japan Railway Co. (9022 JT) added 1.8 percent to 637,000 yen. Japan's largest operator of bullet trains was lifted to "outperform" from "market perform" Ryota Himeno, an analyst at Mitsubishi UFJ Securities Co.
Digitalscape Co. (2430 JX) rose 2 percent to 11,790 yen. Imagica Robot Holdings Inc. (IMRHDZ JP) will buy out the provider of human resource consulting services specializing in IT engineers through a stock swap and turn it into a wholly owned subsidiary. Digitalscape will be delisted on June 22.
Fujitsu Business Systems Ltd. (8092 JT) was poised to jump 9.8 percent from its last close of 1,227 yen, with the latest bid at 1,347 yen. Fujitsu Ltd. (6702 JT), Japan's biggest computer-services provider, will buy all the shares it doesn't already own in Fujitsu Business Systems. The parent will pay 3.5 shares for each share of the network systems provider, the companies said in a statement through the Tokyo Stock Exchange. Fujitsu also said it will buy back as much as 2.13 percent of its outstanding shares for up to 25 billion yen ($266 million) through July 31. Fujitsu dipped 0.4 percent to 492 yen.
IHI Corp. (7013 JT) gained 3.1 percent to 164 yen. Japan's second-largest heavy-machinery maker was raised to "buy" from "underperform" by Takahiro Mori, an analyst at Merrill Lynch & Co. A 12-month price estimate was doubled to 200 yen.
Impress Holdings Inc. (9479 JT) surged 18 percent to 132 yen, heading for the biggest increase since June 2005. The distributor of books, magazines, DVDs and CDs said it will book a 230 million yen gain from the sale of F@N Communications Inc. (2461 JQ) shares. F@N Communications fell 2.9 percent to 122,600 yen.
Kumagai Gumi Co. (1861 JT) tumbled 7.3 percent to 64 yen. The construction company may have made at least 30 million yen in illegal political contributions to 20 lawmakers including former opposition leader Ichiro Ozawa, the Mainichi newspaper reported. The donations were made from 1995 to 2000 through three organizations headed by Kumagai Gumi employees and retired staff, the Mainichi said, citing people with ties to the company.
Laox Co. (8202 JT) rose 3.1 percent to 33 yen. The electronics retailer said its full-year net loss will narrow to 1.3 billion yen from 12.6 billion yen in the year ended March 31.
Nippon Steel Corp. (5401 JT) dropped 2.6 percent to 340 yen. The world's second-largest steelmaker was cut to "reduce" from "hold" by Mizuho Securities Co. analyst Norihide Tsuji.
Ohara Inc. (5218 JT) slumped 8.8 percent to 967 yen. The maker of optical glass reversed its forecast for the year ending Oct. 31 to a net loss of 970 million yen from net income of 1.37 billion yen, as demand plunged after output cuts by clients. The sales outlook was reduced 24 percent to 20 billion yen.
Pasona Tech Inc. (2396 JQ) was bid at 56,200 yen, up 8.1 percent from the last close of 52,000 yen. Pasona Group Inc. (2168 JT), a temp staffing provider, said it plans to offer 88,000 yen a share for the employment agency and turn it into a wholly owned subsidiary. Pasona currently owns a 60.8 percent stake in Pasona Tech. Pasona will spend as much as 1 billion yen for the stake. Pasona rallied 6 percent to 54,500 yen.
Sanki Engineering Co. (1961 JT) plunged 8.7 percent to 634 yen, heading for its sharpest slide since Oct. 27. The engineering company was cut to "underperform" from "buy" by Toshiyuki Anegawa, an analyst at Merrill Lynch & Co. Anegawa reduced a 12-month price estimate to 540 yen from 950 yen.
Sumco Corp. (3436 JT) slumped 4.8 percent to 1,478 yen. The world's second-largest maker of silicon wafers was reduced to "underweight" from "equalweight" by Morgan Stanley analyst Yoshihiro Azuma.
Sumitomo Corp. (8053 JT) dropped 2 percent to 935 yen. The trading house gave up a 550 billion yen contract to build a power generation and water desalination complex in Saudi Arabia after the government decided to handle it, Nikkei English News reported, without saying how it obtained the information.
Sumitomo Heavy Industries Ltd. (6302 JT) sank 4.5 percent to 385 yen. Merrill Lynch & Co. analyst Takahiro Mori lowered his rating on Japan's largest maker of plastic injection-molding gear to "underperform" from "neutral."
Takasago Thermal Engineering Co. (1969 JT) retreated 4.2 percent to 728 yen. The builder of air-conditioning facilities had its rating lowered to "neutral" from "buy" by Toshiyuki Anegawa, an analyst at Merrill Lynch & Co. Anegawa slashed a 12- month price estimate to 820 yen from 1,450 yen.
Posts
No comments:
Post a Comment