Bic Camera Inc., Kojima Co. and other appliance retailers advanced in Tokyo trading Monday after a government program prompted higher sales of environmentally friendly goods.
Bic Camera jumped 7.5 percent to close at ¥31,150 on the Tokyo Stock Exchange, the highest since Nov. 13. Kojima surged 17 percent to ¥619, its highest since November 2007. Edion Corp. advanced 6.1 percent to ¥683. K's Holdings Corp. gained 3.3 percent to ¥2,195 and Yamada Denki Co. added 0.5 percent to ¥5,780.
"After the eco-point system started, sales of televisions, refrigerators and air conditioners almost doubled from a year ago," Bic Camera spokeswoman Mayumi Tamura said.
Customers buying products with high eco-points, as the incentives are known, increased, Tamura said.