Haseko Corp, a construction company, was among the heaviest-traded stocks, ending 18 per cent higher after announcing details of a restructuring. Sakura Bank finished up 4 per cent after it said it would cut its workforce by 4,200. "The market is increasingly evaluating positively issues involved in mergers and restructuring," said one analyst.
JAPANESE STOCKS closed modestly higher, with sentiment boosted by a series of high-profile corporate restructures. The Nikkei average ended up 115 points, or 0.8 per cent, at 14,470.45.