Japanese Stocks Rise Ahead of Dividend Deadline

Nigel Thomas
25 Sep, 2012
New York City

Stocks in Tokyo advanced ahead of the interim dividend deadline. Machinery and equipment makers declined after Caterpillar lowered its 2015 outlook. Panasonic, Toyota and Sony were among the companies the closed higher ahead of going ex-dividend tomorrow.

[R]7:00 PM Tokyo – Stocks in Tokyo advanced ahead of the interim dividend deadline. Machinery and equipment makers declined after Caterpillar lowered its 2015 outlook. Panasonic, Toyota and Sony were among the companies the closed higher ahead of going ex-dividend tomorrow.[/R]

Stocks in Tokyo closed higher as investors bought stocks ahead of deadline for dividend payments. Market sentiment was restrained as European policymakers and political leaders struggled to a stitch alliances to approve a single region-wide banking authority.

The Nikkei 225 Stock Average added 40.71 or 0.3% to 9,091.54 and the broader Topix Index added 4.02 or 0.5% to 757.66.

In trading, turnover increased to 1.75 billion shares from 1.41 billion shares on Monday.

Stocks in Review

Mitsui O.S.K. Lines, Ltd slipped 5 yen to 195 yen and Kawasaki Kisen Kaisha, Ltd decreased 3 yen to 101 yen and Nippon Yusen K.K. fell 2 yen to 147 yen.

Toyota Motor added 35 yen to 3,185 yen, Honda Motor Co. increased 10 yen to 2,563 yen and Nissan Motor Co Ltd closed unchanged at 682 yen.

Nippon Steel lowered 3 yen to 159 yen and JFE Holdings Inc rose 2 yen to 1,072 yen. Tokyo Steel Manufacturing decreased 5 yen to 271 yen.

Panasonic Corp increased 7 yen to 535 yen, Nikon increased 19 yen to 2,217 yen and Toshiba Corp added 1 yen to 261 yen.

Fanuc Corp. plummeted 450 yen to 13,000 yen and Komatsu Ltd slipped 16 yen to 1,551 yen. Hitachi Construction Machinery Co dropped 13 yen to 1,287 yen.