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Stocks

Tokuyama shares rise on improving business, financial standing

TOKYO -- Japanese chemical maker Tokuyama's shares rose 3% from the previous day to 409 yen at one point on Thursday, marking the fifth consecutive business day shares hit this year's high.

The stock closed at 408 yen, 3.1 times above Feb. 12, when the price fell to the year's low of 130 yen as investors grew concerned about the company's financial standing. Tokuyama booked an impairment loss in the previous quarter on its large-scale investment in a Malaysian polycrystalline silicon plant. 

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