Japan Markets Participate in Global Surge, Mixi Soars

Hiruki Nakamura
12 Aug, 2014
New York City

Japan indexes rose for the second day in a row after tensions eased on Ukraine-Russia border. Mixi Inc extended two-day gain to 40% after the social networking site operator lifted first-half outlook. Advertising services provider Dentsu Inc quarterly net loss narrowed.

[R]4:30 PM Tokyo – Japan indexes rose for the second day in a row after tensions eased on Ukraine-Russia border. Mixi Inc extended two-day gain to 40% after the social networking site operator lifted first-half outlook. Advertising services provider Dentsu Inc quarterly net loss narrowed.[/R]

Stocks in Tokyo rose for the second day in a row after geopolitical risks receded and investors focused on domestic earnings.

The Nikkei 225 Stock Average gained 30.79 or 0.2% to 15,161.31 and the broader Topix index rose 5.18 to 1,257.69.

The yen closed at 102.29 against one U.S. dollar.

Stocks in Review

Dentsu Inc rose 0.1% to 4,055 yen after the advertising and marketing service provider said revenues in the first-quarter ending in June jumped 4.7% to 538.25 billion yen from 514.23 billion yen from a year ago period.

Net loss in the quarter narrowed to 735 million yen compared to 3.70 billion yen from a year earlier.

Rohm Company Limited gained 0.7% to 5,930 yen after the electronic components maker reported net sales in the first-quarter ending in June soared 10.5% to 88.42 billion yen from 80 billion yen from a year ago period.

Net income in the year slid 0.2% to 6.76 billion yen compared to 6.78 billion yen and earnings per share fell to 62.75 yen from 62.89 yen a year earlier.

Senko Co Ltd climbed 3.7% to 507 yen after the transportation and logistics company maker stated revenue in the first-quarter ending in June surged 19.3% to 89.12 billion yen from 74.71 billion yen from a year ago period.

Net income in the year declined 13% to 1.41 billion yen compared to 1.62 billion yen and diluted earnings per share dropped to 9.36 yen from 11.70 yen a year earlier.

Toei Company, Ltd increased 0.4% to 548 yen after the theater movies said net sales in the first-quarter ending in June plunged 13.1% to 27.88 billion yen from 32.07 billion yen from a year ago period.

Net income in the year soared 19% to 3.03 billion yen compared to 2.55 billion yen and diluted earnings per share climbed to 24.01 yen from 20.19 yen a year earlier.

Ulvac Inc gained 1.1% to 2,103 yen after the flat panel display maker reported net sales in the year ending in June climbed 6.4% to 173.88 billion yen from 163.35 billion yen from a year ago period.

Net income in the year surged 202.9% to 11.54 billion yen compared to 3.81 billion yen and diluted earnings per share jumped to 165.62 yen from 87.79 yen a year earlier.