Japan Stocks: Aeon, Ebara, JT, Sumitomo Mitsui, Tokyu Land

June 15 (Bloomberg) — Japan’s Nikkei 225 Stock Average fell 67.79, or 0.7 percent, to 10,068.03 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.

Real estate companies: Daiwa Securities Group Inc. analyst Masato Nakagawa lifted Japan’s real estate industry to “neutral” from “underweight.” Nakagawa raised Sumitomo Realty & Development Co. (8830 JT) to “buy” from “underperform,” Tokyu Land Corp. (8815 JT) to “neutral” from “underperform” and Tokyu Livable Inc. (8879 JT) to “buy” from “underperform.” Sumitomo Realty jumped 8.1 percent to 1,814 yen, heading for the highest since Nov. 5. Tokyu Land climbed 9.6 percent to 480 yen, set for the highest since Sept. 12. Tokyu Livable soared by its daily limit of 13 percent to 863 yen, set for the highest since July 31. Tokyo Tatemono Co. (8804 JT) surged 13 percent to 604 yen, heading for its highest since Sept. 22. Mitsui Fudosan Co. (8801 JT) advanced 5.2 percent to 1,791 yen, heading for the highest since Nov. 5.

Accordia Golf Co. (2131 JT) added 3.7 percent to 78,200 yen. The golf course owner lifted its net income projection by 1 percent to 9.7 billion yen ($99 million) for this fiscal year, reflecting a clerical error related to internal transactions among its group companies.

Aeon Co. (8267 JT) rose 4.1 percent to 1,037 yen, heading for the highest since Oct. 6. Japan’s largest supermarket operator was raised to “neutral” from “underperform” by Hidehiko Aoki, an analyst at Merrill Lynch & Co.

Ardepro Co. (8925 JT) plunged 7.5 percent to 1,520 yen. The real estate company posted a net loss of 22.5 billion yen in the nine months ended April 30, compared with a 2.21 billion yen profit a year ago. Sales plunged 87 percent to 7.82 billion yen. The company said it had lower-than-expected sales of real estate property.

Computer Engineering & Consulting Ltd. (9692 JT) tumbled 7.7 percent to 697 yen, set for the sharpest slide since Oct. 10. The software developer posted a first-quarter net loss of 631 million yen, compared with a 402 million yen profit a year earlier. The company cited falling sales and goodwill depreciation at units for the loss. It slashed its full-year profit outlook 85 percent to 200 million yen, on lower-than- expected sales. Also, Computer Engineering cut its first-half dividend to 10 yen from 15 yen.

Don Quijote Co. (7532 JT) added 2.1 percent to 1,823 yen. The retailer’s operating profit may fall 9 percent to 14.5 billion yen for the 12 months ending June 30, a smaller decline than previously projected, Nikkei English News reported, without saying where it got the information.

Ebara Corp. (6361 JT) jumped 5.3 percent to 337 yen, headed for the highest since July 24. Credit Suisse Group AG analyst Shinji Kuroda lifted the pumpmaker to “neutral” from “underperform.”

Fintech Global Inc. (8789 JT) rallied by its daily limit of 15 percent to 3,780 yen, headed for the highest since Oct. 3. Intrance Co. (3237 JT) soared by its limit of 15 percent to 15,000 yen, set for its highest since Sept. 16. Fintech, an investment bank, said it will buy a 1.18 percent stake in Intrance, a property management company, as part of a business alliance.

Japan Tobacco Inc. (2914 JT) advanced 5.9 percent to 321,000 yen. The world’s third-largest publicly traded cigarette maker said it agreed to acquire Tribac Leaf Ltd., an independent tobacco supplier.

Koito Manufacturing Co. (7276 JT) rose 3.5 percent to 1,125 yen, heading for the highest since Sept. 17. The headlamp maker had its rating boosted to “strong buy” from “hold” by Takao Oshitari, an analyst at Mizuho Securities Co.

NEC Electronics Corp. (6723 JT) added 1.9 percent to 1,000 yen. The semiconductor maker and Renesas Technology Corp. may run their factories at about half capacity in the three months ended June, Nikkei English News said, without providing a source for the information.

Nitto Seimo Co. (3524 JT) gained 2.6 percent to 117 yen, heading for the highest since Sept. 3. The maker of fishery- related products said it will have 150 million yen in net income in the year started May 1, compared with a 73 million yen profit in the year just ended.

Sumitomo Mitsui Financial Group Inc. (8316 JT) declined 4.6 percent to 4,150 yen. The bank may raise more than 900 billion yen, more than planned, in a stock offering scheduled for this month, Nikkei English News reported, without saying where it got the information.

from: bloomberg.com