Japanese Stocks Advance as Bridgestone Surges on Profit

By Anna Kitanaka & Yoshiaki Nohara 

Japan’s Topix Index rose a second day, reversing earlier declines, as Bridgestone Corp. jumped the most in four years to lead gains after boosting its outlook.

Bridgestone soared 10 percent after saying profit will rise 37 percent this year. Grandy House Corp. advanced 8.3 percent after the residential builder said it will conduct a 3-for-1 stock split. JX Holdings Inc. rose 2.8 percent after the energy explorer won approval for an oil project. Nisshinbo Holdings Inc., a maker of fabric and chemicals, sank 2.4 percent after cutting its net-income forecast 43 percent.

The Topix climbed 0.1 percent to 963.61 at the close of trading in Tokyo, erasing declines of as much as 0.5 percent. Twice the number of stocks rose as fell on the measure. The Nikkei 225 Stock Average sank 0.3 percent to 11,372.34.

To contact the reporters on this story: Anna Kitanaka in Tokyo at akitanaka@bloomberg.net; Yoshiaki Nohara in Tokyo at ynohara1@bloomberg.net

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