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IND-X Securities - Japanese Radar Screenings – Wednesday, 22 December 2010 A daily scan of the more active stocks to highlight early turning points, and momentum shifts … buy radar 2875 TOYO SUISAN KAI 6665 ELPIDA MEMORY I sell radar 4004 5012 5195 6104 6143 7223 7908 8803 9747

SHOWA DENKO K K TONENGENERAL SE BANDO CHEMICAL TOSHIBA MACHINE SODICK CO LTD KANTO AUTO WORK KIMOTO CO LTD HEIWA REAL ESTA ASATSU-DK INC

due a bounce 5727 TOHO TITANIUM C 8363 HOKKOKU BANK LT 9684 SQUARE ENIX HOL due a fall 2317 3269 3730 4324 5012 5482 5632 6104 6118 6460 7243 8339 8585 9409

SYSTENA CORP ADVANCE RESIDEN MACROMILL INC DENTSU INC TONENGENERAL SE AICHI STEEL COR MITSUBISHI STEE TOSHIBA MACHINE AIDA ENGINEERIN SEGA SAMMY HOLD SHIROKI CORP TOKYO TOMIN BAN ORIENT CORP TV ASAHI CORP

increasing volume - advances 3391 4321 5110 5344 5406 5707 5713 5738 6118 6770 8308 8905 8933 8981 9737

TSURUHA HOLDING KENEDIX INC SUMITOMO RUBBER MARUWA CO LTD KOBE STEEL LTD TOHO ZINC CO LT SUMITOMO METAL SUMITOMO LIGHT AIDA ENGINEERIN ALPS ELECTRIC C RESONA HOLDINGS AEON MALL CO LT NTT URBAN DEVEL JAPAN HOTEL AND CSK CORP

increasing volume - declines

4340 5195 6764 6971 8609 9843

SIMPLEX HOLDING BANDO CHEMICAL SANYO ELECTRIC KYOCERA CORP OKASAN SECURITI NITORI HOLDINGS

6461 6504 6991 7102 7867 8303 8585 8848 9204

new 12m intra-day highs 1766 TOKEN CORP 2317 SYSTENA CORP 3391 TSURUHA HOLDING 4188 MITSUBISHI CHEM 4708 MOSHI MOSHI HOT 5007 COSMO OIL COMPA 5344 MARUWA CO LTD 5482 AICHI STEEL COR 5851 RYOBI LTD 6268 NABTESCO CORP 6844 SHINDENGEN ELEC 6988 NITTO DENKO COR 8304 AOZORA BANK LTD 8325 HOKUETSU BANK L 8830 SUMITOMO REALTY 8897 TAKARA LEBEN CO 8905 AEON MALL CO LT 8953 JAPAN RETAIL FU 8955 JAPAN PRIME REA 8957 TOKYU REIT INC 8968 FUKUOKA REIT CO 8973 SEKISUI HOUSE S 8981 JAPAN HOTEL AND

closed at day's high [on volume] 4044 4064 4502 5202 5232 6963 8242 8593 8840 8880 8955 8964 8968 8987

2001 2211 2466 3101 3103 3593 4061 5405 5991 6504 6621 6703 6764 6798 6890 7011 7102 7211 8011 8031 8233 8388 8607 9031 9041 9202

4340 SIMPLEX HOLDING aqr busters - pm volume pickup SHOWA DENKO K K TODA KOGYO CORP ORIENTAL LAND C OTSUKA CORP INDEX CORP BANDO CHEMICAL KROSAKI HARIMA JVC KENWOOD HOL TOKO INC SUMITOMO REAL E

aqr busters - pm volume drop-off 1518 2489 3011 3823 3853 4321 5302 5606

CENTRAL GLASS C NIPPON CARBIDE TAKEDA PHARMACE NIPPON SHEET GL SUMITOMO OSAKA ROHM CO LTD H2O RETAILING C MITSUBISHI UFJ DAIKYO INC IIDA HOME MAX JAPAN PRIME REA FRONTIER REAL E FUKUOKA REIT CO JAPAN EXCELLENT

closed at day's low [on volume]

new 12m intra-day lows

4004 4100 4661 4768 4835 5195 5352 6632 6801 8870

NIPPON PISTON R FUJI ELECTRIC H PANASONIC ELECT NIPPON SHARYO L TOMY COMPANY LT SHINSEI BANK LT ORIENT CORP LEOPALACE21 COR SKYMARK AIRLINE

MITSUI MATSUSHI ADWAYS CO LTD BANNERS CO LTD ACRODEA INC INFOTERIA CORPO KENEDIX INC NIPPON CARBON C ASAHI TEC CORP

NIPPON FLOUR MI FUJIYA CO LTD PGM HOLDINGS K TOYOBO CO LTD UNITIKA LTD HOGY MEDICAL CO DENKI KAGAKU KO SUMITOMO METAL NHK SPRING CO L FUJI ELECTRIC H TAKAOKA ELECTRI OKI ELECTRIC IN SANYO ELECTRIC SMK CORP FERROTEC CORP MITSUBISHI HEAV NIPPON SHARYO L MITSUBISHI MOTO SANYO SHOKAI LT MITSUI & CO LTD TAKASHIMAYA CO AWA BANK LTD/TH MIZUHO INVESTOR NISHI-NIPPON RA KINTETSU CORP ALL NIPPON AIRW

Top stocks / Winners 2342 TRANS GENIC INC 2388 WEDGE HOLDINGS

3156 4321 4835 8572 8574 8905 8933 9424

UKC HOLDINGS CO KENEDIX INC INDEX CORP ACOM CO LTD PROMISE CO LTD AEON MALL CO LT NTT URBAN DEVEL JAPAN COMMUNICA

Laggards / Losers 2489 2491 3011 3624 3627 3639 3798 3838 3858 4305 6778

ADWAYS CO LTD VALUECOMMERCE C BANNERS CO LTD AXEL MARK INC PRIMEWORKS CORP VOLTAGE INC UL SYSTEMS INC AQ INTERACTIVE UBIQUITOUS CORP IMJ CORP ARTIZA NETWORKS

10% Intra-day swingers – advances 2342 TRANS GENIC INC 3823 ACRODEA INC 8933 NTT URBAN DEVEL 10% Intra-day swingers – declines 2138 2489 2656 3011 3624 3727 3793 3798 3845 3858 6667

CROOZ INC ADWAYS CO LTD VECTOR INC BANNERS CO LTD AXEL MARK INC APLIX CORP DRECOM CO LTD UL SYSTEMS INC I-FREEK INC UBIQUITOUS CORP SHICOH CO LTD

Top 10 value traded – [$2.94bn +0.36bn] 6752 6758 7203 7751 7974 8306 8316 8411 8604 9984

PANASONIC CORP SONY CORP TOYOTA MOTOR CO CANON INC NINTENDO CO LTD MITSUBISHI UFJ SUMITOMO MITSUI MIZUHO FINANCIA NOMURA HOLDINGS SOFTBANK CORP

#8905 Aeon Mall – traded up 8% on 1.5mn shs [cf. 450K avg] – and made a new 12 month high today after reporting OP in the nine months to Nov 20 rose 10% to Y28bn, and sales were up 4.5%. Aeon Mall consistently outperforms TOPIX: has over the last 12 months has beaten TPX by 24%. But how much further can this go? The 8905/TPX ratio is almost 2 sds from the 2-year mean, and Toyo Keizai has it trading on 21.75x Mar2012 ests.

hilary.persent@indxsecurties.com - +44 20 7826 9063

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DEC222010RADAR  
DEC222010RADAR  

1518 MITSUI MATSUSHI 2489 ADWAYS CO LTD 3011 BANNERS CO LTD 3823 ACRODEA INC 3853 INFOTERIA CORPO 4321 KENEDIX INC 5302 NIPPON CARBON C 5606...

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