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IND-X Securities - Japanese Radar Screenings – Tuesday, 01 February 2011 A daily scan of the more active stocks to highlight early turning points, and momentum shifts … buy radar 4206 7004 7988 8386

AICA KOGYO CO L HITACHI ZOSEN C NIFCO INC HYAKUJUSHI BANK

sell radar 1414 2802 4205 4569 7262 8304 9962

SHO-BOND HOLDIN AJINOMOTO CO IN ZEON CORP KYORIN HOLDINGS DAIHATSU MOTOR AOZORA BANK LTD MISUMI GROUP IN

due a bounce 2131 4911 6702 7459 8308

ACCORDIA GOLF C SHISEIDO CO LTD FUJITSU LTD MEDIPAL HOLDING RESONA HOLDINGS

due a fall 3789 4751 5726 6136 6268 6474 7735

SO-NET ENTERTAI CYBERAGENT INC OSAKA TITANIUM OSG CORP NABTESCO CORP NACHI-FUJIKOSHI DAINIPPON SCREE

increasing volume - advances 1878 2432 4182 4204 4626 4967 5019 5332 5701 5812 6104 6268 6302 6407 6856 6988 7012 7220 7242 7274

DAITO TRUST CON DENA CO LTD MITSUBISHI GAS SEKISUI CHEMICA TAIYO HOLDINGS KOBAYASHI PHARM IDEMITSU KOSAN TOTO LTD NIPPON LIGHT ME HITACHI CABLE L TOSHIBA MACHINE NABTESCO CORP SUMITOMO HEAVY CKD CORP HORIBA LTD NITTO DENKO COR KAWASAKI HEAVY MUSASHI SEIMITS KAYABA INDUSTRY SHOWA CORP

7296 8056 8282 8308 8394

FCC CO LTD NIHON UNISYS LT K'S HOLDINGS CO RESONA HOLDINGS HIGO BANK LTD/T

increasing volume - declines 2784 4917 5002 5851 6370 6770 6923 6981 7251 7262 7459 8129 8281 8987 9533

ALFRESA HOLDING MANDOM CORP SHOWA SHELL SEK RYOBI LTD KURITA WATER IN ALPS ELECTRIC C STANLEY ELECTRI MURATA MANUFACT KEIHIN CORP DAIHATSU MOTOR MEDIPAL HOLDING TOHO HOLDINGS C XEBIO CO LTD JAPAN EXCELLENT TOHO GAS CO LTD

8714 SENSHU IKEDA HO 9202 ALL NIPPON AIRW

aqr busters - pm volume pickup

Top stocks / Winners

1808 2413 4182 5812 6361 6632 6703 7262 7860 8282 9009 9076

1878 3236 3341 4112 6302 6407 6877 7274 8056 8282

HASEKO CORP M3 INC MITSUBISHI GAS HITACHI CABLE L EBARA CORP JVC KENWOOD HOL OKI ELECTRIC IN DAIHATSU MOTOR AVEX GROUP HOLD K'S HOLDINGS CO KEISEI ELECTRIC SEINO HOLDINGS

aqr busters - pm volume drop-off 1334 2768 5711 6764 7004 8574 8987

new 12m intra-day highs 1878 2413 2432 4626 4751 4967 5701 5947 6104 6268 6407 6474 6925 6988 7012 7242 7262 7267 7270 7272 7735 8136 8342 8951 8984

8227 SHIMAMURA CO LT 9684 SQUARE ENIX HOL

DAITO TRUST CON M3 INC DENA CO LTD TAIYO HOLDINGS CYBERAGENT INC KOBAYASHI PHARM NIPPON LIGHT ME RINNAI CORP TOSHIBA MACHINE NABTESCO CORP CKD CORP NACHI-FUJIKOSHI USHIO INC NITTO DENKO COR KAWASAKI HEAVY KAYABA INDUSTRY DAIHATSU MOTOR HONDA MOTOR CO FUJI HEAVY INDU YAMAHA MOTOR CO DAINIPPON SCREE SANRIO CO LTD AOMORI BANK LTD NIPPON BUILDING BLIFE INVESTMEN

MARUHA NICHIRO SOJITZ CORP MITSUBISHI MATE SANYO ELECTRIC HITACHI ZOSEN C PROMISE CO LTD JAPAN EXCELLENT

closed at day's high [on volume] 1878 2138 2211 2269 2871 3236 3341 3715 4911 5233 5715 6407 6877 7007 7012 7483 8308 8951 8954 8977 9474

DAITO TRUST CON CROOZ INC FUJIYA CO LTD MEIJI HOLDINGS NICHIREI CORP PROPERST CO LTD NIHON CHOUZAI C DWANGO CO LTD SHISEIDO CO LTD TAIHEIYO CEMENT FURUKAWA CO LTD CKD CORP OBARA CORP SASEBO HEAVY IN KAWASAKI HEAVY DOSHISHA CO LTD RESONA HOLDINGS NIPPON BUILDING ORIX JREIT INC HANKYU REIT INC ZENRIN CO LTD

new 12m intra-day lows

closed at day's low [on volume]

2784 ALFRESA HOLDING 4911 SHISEIDO CO LTD 7459 MEDIPAL HOLDING

2784 ALFRESA HOLDING 3107 DAIWABO HOLDING 8410 SEVEN BANK LTD

DAITO TRUST CON PROPERST CO LTD NIHON CHOUZAI C HODOGAYA CHEMIC SUMITOMO HEAVY CKD CORP OBARA CORP SHOWA CORP NIHON UNISYS LT K'S HOLDINGS CO

Laggards / Losers 2784 4082 4340 6923 7415 7459 7776 8584 8922

ALFRESA HOLDING DAIICHI KIGENSO SIMPLEX HOLDING STANLEY ELECTRI SHINSEIDO CO LT MEDIPAL HOLDING CELLSEED INC JACCS CO LTD EARTH CO/THE

10% Intra-day swingers – advances 3236 PROPERST CO LTD 3843 FREEBIT CO LTD 8489 CREDIT ORGANIZA 10% Intra-day swingers – declines 7262 7415 7776 8922

DAIHATSU MOTOR SHINSEIDO CO LT CELLSEED INC EARTH CO/THE

Top 10 value traded – [$3.68bn -0.41bn] 6501 6502 6988 7203 7267 7751 8306 8308 8316 8411

HITACHI LTD TOSHIBA CORP NITTO DENKO COR TOYOTA MOTOR CO HONDA MOTOR CO CANON INC MITSUBISHI UFJ RESONA HOLDINGS SUMITOMO MITSUI MIZUHO FINANCIA

#1878 Daito Trust – JUMPS LIMIT UP on 33% buyback plan – closes +Y1000 or 17% on 1.8mn shares [cf. average 395K shares] – Management said it will spend as much as Y212bn buying back stock at Y5445 per share [cf. today’s close of Y6750]. Daito Trust has been outperforming TPX and the TPCONT indices since March 2010 [by 56% and 51% respectively] and is now back at early-2006 highs. It looks like Y7000 is a major resistance level. Daito is trading at 2.7x book, and 16.7x Mar2012 TK ests. It has Y196.3bn of net cash ie. 24.75% of current market cap. Barclays [neutral] and Credit Suisse [outperform] have reiterated their ratings today, but CS has raised its target to Y8400 [Y6500].

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

1


IND-X Securities - Japanese Corp Actions – Tuesday, 01 February 2011

Corp Actions / News 1878 3632 4204 4324 4452 4578 4644 4668 4748 4755 6164 6257 6268 6501 6947 7203 7217 7265

Daito Trust to buyback 33% of outstanding shares Baidu to Expand Social Web Services, Take on Tencent in China Sekisui Chem buying back 3.5mn shares DENTSU TO BUY U.S. COMPANY FIRSTBORN Kao buying back 7.5mn shares Otsuka May Seek Acquisition Target, Mainichi Says Imagineer buying back 250K shares Meiko Network buying back 200K shares Kozo Keikaku buyingback 100K shares Baidu to Expand Social Web Services, Take on Tencent in China Taiyo Koki completes 100K share buyback Fujishoji buying back 3K shares Nabtesco to buy Kaba Gilden AG of Switzerland for Y20bn Hitachi may report 3Q OP of more than Y100bn says the Nikkei Zuken buying back 2mn shares Toyota Leads 5th Straight Drop in Japan Auto Sales [-22% Jan] Tein buying back 220K shares Eiken Inds buying back 200K shares

7485 Okaya buying back 550K shares 7578 Nichiryoku buying back 300K shares 7947 FP Corp to buy back 3.16% of outstanding shares 8031 Mitsui & Co. Buys Australia’s Hansol, Great Southern Timber 8113 Unicharm buying back 2.5mn shares 8282 K'S HOLD TO BUY BACK UP TO 3.61% OF SHRS, spending Y5bn 8324 Daishi Bank completes 3.597mn share buy back 8342 Aomori buying back 4.5mn shares 8394 Higo Bank buying back 3mn shares 8564 Takefuji Shortlists Five Bidders for Potential Sponsorship 8564 TAKEFUJI CONSIDERS SELLLING HQ BUILDING, OTHER ASSETS 8601 Profit falls to Y1.2bn [Y26bn] as Underwriting Fees Decline 51% 8705 Okato completes 600K share buy back 8746 Daiichi Commodities buying back 200K shares 9202 ANA, First Eastern to Form Low-Fare Airline Venture Within Days 9733 Nagase Brothers completes 300K share buy back 9969 Shokubun completes 90K share buy back CLBEZ Calbee to Raise 10 Billion Yen From Share Sale, Nikkei Says

Ratings 3231 4543 4911 4917 4971 5471

Nomura Real Estate Raised to 'Buy' at Ichiyoshi Research Terumo Rated New 'Neutral Plus' at Mito Secs Shiseido Cut at Daiwa Securities Capital Markets Mandom Cut to 'Neutral' at Ichiyoshi Research Mec Co Ltd/japan Raised to 'Buy' at Ichiyoshi Research Daido Steel Cut to 'Neutral' at JPMorgan

5938 6247 6839 9104

JS Group Corp Cut to 'Neutral' at Credit Suisse Hisaka Works Cut to 'Neutral' at Cosmo Securities Funai Electric Cut to 'Neutral' at Credit Suisse MITSUI OSK CUT TO 'OUTPERFORM' AT CLSA

Economy / Strategy EGYP Egypt’s Mubarak Offers Talks as March of the Million Looms EGYP Google, Twitter Offer Egyptians Option to Tweet By Voicemail JPAN Japan’s Wages Decrease 0.4%, First Drop in 10 Months JPAN IMF Concerned About Japan's Economic Outlook, Strauss-Kahn GREE Greece Raised to ‘Benchmark’ From ‘Underweight’ at CredSuisse CHIN CICC Cuts 2011 F’cast for China’s Property Transaction Volume SPX S&P 500 May ‘Correct’ Up to 20% by April, Nomura Says

hilary.persent@hsbcib.com

INDI UBS Suggests Buying ‘High Quality Growth Stocks’ in India EMRG Citigroup Maintains ‘Bullish’ Rating on Emerging-Market Stocks EUR IMF Sees ‘Slow’ Economic Growth in Europe, Strauss-Kahn Says UK U.K. DEC. MORTGAGES FALL TO 42,563; MEDIAN FCAST 46,500 GERM BaFin Extends Short-Selling Notification Rule to Mar 25th 2012 GERM German Unemployment Fell in Jan to Lowest [7.4%] Since 1992

2


IND-X Securities – Asia-X Movers & Shakers – Tuesday, 01 February 2011 Top value traded BHP BILLITON LT

0.84

TELSTRA CORP WESTPAC BANKING CHINA CONST BACNOOC LTD PETROCHINA CO-H HYNIX SEMICONDU KIA MOTORS CORP SAMSUNG ELECTRO SAMSUNG ELECTRO

-1.07 0.22 -0.88 2.67 2.59 0.00 0.91 3.46 0.20

Software Banks Banks Oil&Gas Oil&Gas Semicond Apparel Alt-Energy Semicond

4.71 7.10 5.56 5.50 5.93 2.31

%chg Coal Real Estate Coal Coal Lodging Insurance

At/Near Day's HIGH NAVITAS LTD K WAH INTL HLDG ADARO ENERGY TB BUMI RESOURCES GRAND KOREA LEI KOREA LIFE INSU

%chg Mining

$591mn

Volume pickup ARISTOCRAT LEIS

-3.03

%chg Entertainment

191 268 232 283 268 255 201 255 226

FLIGHT CENTRE IOOF HOLDINGS L NAVITAS LTD SUNCORP GROUP L TRANSFIELD SERV TINGYI HLDG CO GLAXOSMITHKLINE IL&FS TRANSPORT JAIN IRRIGATION

3.16 -1.53 4.71 -3.02 0.96 -2.10 -1.08 -1.28 -16.68

Leisure Time Div Financials Coal Banks Eng&Const Food Pack/Container Coal Misc Mfg

AT/NEAR Day's LOW FAIRFAX MEDIA L RAMSAY HEALTH TELSTRA CORP TOLL HLDGS LTD CHINA COSCO HOHANWHA CORP SHINSEGAE CO LT

-1.48 -1.58 -1.07 -1.87 -1.31 -5.78 -2.78

%chg Media Health Service Software Transport Transport Distrib/W Retail

CAPITALAND LTD SINGAPORE AIRLI

-1.39 -0.81

Real Estate Airlines %chg Apparel Misc Mfg Iron/Steel Electric Apparel Apparel Real Estate Distrib/W Retail Chemicals

Top Stocks NAVITAS LTD COUNTRY GARDEN HOPSON DEV K WAH INTL HLDG UNITED ENERGY G ADARO ENERGY TB BUMI RESOURCES INTL NICKEL IN GRAND KOREA LEI HYUNDAI HYSCO

4.71 6.51 4.74 7.10 6.25 5.56 5.50 4.89 5.93 6.87

%chg Coal Real Estate Real Estate Real Estate Real Estate Coal Coal Mining Lodging Metal Fab

Laggards CHINA LILANG LT JAIN IRRIGATION JINDAL STEEL & NEYVELI LIGNITE TATA MOTORS LTD TATA MOTORS-A UNITECH LTD HANWHA CORP JOLLIBEE FOODS INDORAMA VENTUR

-4.79 -16.55 -4.65 -4.77 -5.32 -4.92 -7.60 -5.78 -5.33 -5.13

due a fall AXA ASIA PACIFI CHINA PETROLEU-

0.00 0.00

%chg Insurance Oil&Gas

due a bounce BOSIDENG INTL CHINA ZHONGWANG

-2.89 2.41

%chg Retail Metal Fab

CHINA UNICOM HO GALAXY ENTERTAI HANWHA CHEM COR HANWHA CORP HONAM PETROCHEM HYNIX SEMICONDU

0.62 0.00 -2.22 -5.78 -1.66 0.00

Software Lodging Chemicals Distrib/W Chemicals Semicond

LI NING CO LTD DB REALTY LTD DLF LTD EXIDE INDUS LTD FORTIS HEALTHCA GMR INFRASTRUCT HOUSING DEVELOP IVRCL INFRASTRU JAIPRAKASH ASSO JSW ENERGY LTD LARSEN & TOUBRO NEYVELI LIGNITE NHPC LTD POWER FINANCE THERMAX LTD UNITECH LTD UNITED PHOSPHOR KEPCO ENGINEERI

-2.96 2.11 -0.31 -1.87 3.09 -1.02 -2.29 -2.99 -4.03 -0.49 -2.99 -4.72 -0.41 1.16 -0.05 -7.39 0.48 0.90

Retail Real Estate Real Estate Alt-Energy Health Service Eng&Const Real Estate Eng&Const Eng&Const Electric Eng&Const Electric Electric Div Financials Mach-Div Real Estate Chemicals Eng&Const

HONG LEONG ASIA WILMAR INTERNAT

-3.24 0.57

Bldg Matls Agriculture

sell radar AMCOR LTD INSURANCE AUSTR MONADELPHOUS GR CHINA TELECOM-H LI & FUNG LTD TENCENT HOLDING WYNN MACAU LTD HANWHA CORP DBS GROUP HLDGS SEMBCORP MARINE

-0.73 -2.10 -0.62 -2.16 -2.97 -0.79 -3.70 -5.78 -0.13 -1.30

%chg Pack/Container Insurance Eng&Const Software Distrib/W Internet Lodging Distrib/W Banks Shipbuilding

buy radar GUANGSHEN RAILSINOFERT HOLDIN SKYWORTH DIGITA OIL & NATURAL G HYUNDAI HYSCO KOREA ELEC POWE PTT EXPL & PROD

hilary.persent@hsbcib.com

1.25 0.92 2.88 0.16 6.87 0.88 2.80

%chg Transport Chemicals Home Furnishings Oil&Gas Metal Fab Electric Oil&Gas

3


IND-X Securities - Japanese RESULTS Roundup – Tuesday, 01 February 2011 code 5019 6845 2479 6632 2432 6952 8282 4182 6809 9613 6875 9899 6486 4062 5812 8255 8182 7262 4523 7947 4503 5857 6005 2131 6796 4547 5384 9067 4968 6764 4228 4548 6419 8129 7240 2657 2818 4319 2370 8256

Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q3 Q1 Q3

hilary.persent@hsbcib.com

name IDEMITSU KOSAN CO LTD YAMATAKE CORP JTEC CORP JVC KENWOOD HOLDINGS INC DENA CO LTD CASIO COMPUTER CO LTD K'S HOLDINGS CORP MITSUBISHI GAS CHEMICAL CO TOA CORP NTT DATA CORP MEGACHIPS CORP SUNDAY'S SUN INC EAGLE INDUSTRY CO LTD IBIDEN CO LTD HITACHI CABLE LTD HARASHIN NARUS HOLDINGS CO L INAGEYA CO LTD DAIHATSU MOTOR CO LTD EISAI CO LTD FP CORP ASTELLAS PHARMA INC ASAHI HOLDINGS INC MIURA CO LTD ACCORDIA GOLF CO LTD CLARION CO LTD KISSEI PHARMACEUTICAL CO LTD FUJIMI INC MARUWN CORP ARAKAWA CHEMICAL INDUSTRIES SANYO ELECTRIC CO LTD SEKISUI PLASTICS CO LTD SEIKAGAKU CORP MARS ENGINEERING CORP TOHO HOLDINGS CO LTD NOK CORP INTERNIX INC PIETRO CO LTD TAC CO LTD MEDINET CO LTD MARUMITSU CO LTD

sales 897,682 52,331 494 90,593 29,494 80,426 238,382 114,465 8,529 280,226 9,328 4,131 22,931 76,832 107,345 31,865 61,088 351,234 201,557 41,139 272,552 27,452 15,721 24,468 40,976 16,466 7,745 12,791 16,993 370,825 26,843 7,224 8,380 280,146 129,153 5,189 2,579 5,302 740 7,340

4

y/y 13.20% 16.50% 13.90% -11.30% 153.00% -26.10% 36.10% 16.10% 9.40% 6.20% -5.20% 3.90% 12.20% 15.10% 10.40% 4.30% 9.20% -10.20% -3.80% 19.30% -2.00% 31.70% 2.20% 2.50% -3.50% 4.00% 0.70% 0.80% 11.90% -13.30% 0.60% -2.70% 14.30% -0.80% 9.80% 19.80% 24.30% -9.90% -6.40% -4.10%

OP y/y 177.10% 1138.10% 132.70% 544.20% 182.20% 168.80% 158.90% 536.10% 37.00% 23.00% 38.30% 87.80% 13.90% 45.70% 18.30% 13.10% 20.00% 32.00% 17.50% 12.00% -0.30% 4.30% 4.90% 7.10% 316.50% 7.20% 4.10% 1.20% -32.70% -65.60% -17.20% -25.00% -4.30% -61.30% 25.60% 142.00% -53.60% -54.70% -62.90% -147.50%

RP y/y 233.80% 4862.70% 353.70% 232.90% 180.20% 178.30% 133.30% 140.50% 18.40% 34.10% 49.90% 56.00% 6.30% 32.10% 27.00% 15.10% 20.70% 36.10% 16.30% 11.80% -6.70% 4.50% 1.80% 7.50% 245.50% 9.30% -3.30% -0.70% -31.50% 242.60% -22.80% -26.80% -12.00% -51.00% 12.40% 76.70% -51.80% -95.00% -76.70% -171.60%

NP y/y 900.50% 555.60% 273.20% 199.20% 173.40% 158.50% 136.30% 121.80% 80.30% 63.40% 41.30% 40.00% 35.40% 34.00% 24.00% 21.60% 20.70% 19.30% 19.20% 14.10% 8.30% 7.30% 6.80% 3.60% 1.70% 0.40% -0.70% -12.00% -16.50% -24.80% -25.00% -25.10% -28.80% -30.60% -42.20% -57.30% -67.40% -80.60% -96.20% -262.30%


IND-X Securities - Japanese REVISIONS Roundup – Tuesday, 01 February 2011

code

name

op inc

cur

net

eps co

f'cst per

2131 2432 2657 2818 4182 4284 4319 4503 4523 4547 4548 4768 4968 5019 5812 6005 6419 6486 6632 6744 6764 6796 6809 6845 6952 7240 7262 7532 8182 8255 8256 8282 9067 9613

ACCORDIA GOLF CO LTD DENA CO LTD INTERNIX INC PIETRO CO LTD MITSUBISHI GAS CHEMICAL SOLXYZ CO LTD TAC CO LTD ASTELLAS PHARMA INC EISAI CO LTD KISSEI PHARMACEUTICAL C SEIKAGAKU CORP OTSUKA CORP ARAKAWA CHEMICAL INDUST IDEMITSU KOSAN CO LTD HITACHI CABLE LTD MIURA CO LTD MARS ENGINEERING CORP EAGLE INDUSTRY CO LTD JVC KENWOOD HOLDINGS IN NOHMI BOSAI LTD SANYO ELECTRIC CO LTD CLARION CO LTD TOA CORP YAMATAKE CORP CASIO COMPUTER CO LTD NOK CORP DAIHATSU MOTOR CO LTD DON QUIJOTE CO LTD INAGEYA CO LTD HARASHIN NARUS HOLDINGS MARUMITSU CO LTD K'S HOLDINGS CORP MARUWN CORP NTT DATA CORP

= = = ++ + ++ = --++ + ++ = = = = + + = - -- - -= = = = ----- = = = = = = = = -- - -= = =

= = = ++ + ++ = --+++ = = = = + + = - -- - -= = = = ------= = = = = - = = -- - -= = =

= = = ++ + ++ = --++ + ++ = = = = = = - -- - -= = = = - --+++ = = = - = - = = -- - -= = =

= = = ++ + ++ + + = ++ + ++ = = = = = = - -- - -= +++ = ++ + ++ - --+++ = = = - = - + + = -- - -= = =

6.15 15.23 7.27 15.95 16.67 64.7

hilary.persent@hsbcib.com

5

17.92 12.2 21.82 19.55 15.36 11.34 8.91 136.52 31 20.15 11.51 20.91 22.9 32.13 17.41 24.63 14.57 12.59 17.78 70.76 22.14 6.78 7.86 20.8


IND-X Securities - Japanese REVISIONS Roundup – Tuesday, 01 February 2011

code

name

8572

ACOM CO LTD

3837

AD-SOL NISSIN CORP

6345

AICHI CORP

7283

AISAN INDUSTRY CO LTD

7859 7468

Co est

TK est

net inc

net income

-50,900

-51,000

-

70

#N/A N/A

16.22

ePER

600

500

48.07

3,400

3,600

13.24

ALMEDIO INC AMSC CO LTD

29 200

45 200

52.07 8.25

7936

ASICS CORP

10,000

10,000

22.2

9814

ASICS TRADING CO LTD

500

400

18.22

4316

BEMAP INC

6448

BROTHER INDUSTRIES LTD

9697

CAPCOM CO LTD

4519

CHUGAI PHARMACEUTICAL CO LTD

5992

CHUO SPRING CO LTD

2138

CROOZ INC

4202

DAICEL CHEMICAL INDUSTRIES

6665

ELPIDA MEMORY INC

3049

ENOTECA CO LTD

9010

FUJI KYUKO CO LTD

2114

FUJI NIHON SEITO CORP

1,100

1,100

8.87

3632

GREE INC

15,900

#N/A N/A

19.25

6412

HEIWA CORP

14,600

14,600

8.43

5486 9086

HITACHI METALS LTD HITACHI TRANSPORT SYSTEM LTD

14,000 7,800

20,000 8,400

25.66 18.08

4822

HUDSON SOFT CO LTD

700

700

12.6

9619 6652

ICHINEN HOLDINGS CO LTD IDEC CORP

1,670 1,400

1,850 1,300

6.86 20.5

2148

ITMEDIA INC

8001 4739

ITOCHU CORP ITOCHU TECHNO-SOLUTIONS CORP

4271

JAPAN CARLIT CO LTD

3820 5020 2371

JBIS HOLDINGS INC JX HOLDINGS INC KAKAKU.COM INC

7962

KING JIM CO LTD

2222 3405

KOTOBUKI SPIRITS CO LTD KURARAY CO LTD

8143

LAPINE CO LTD

7874 4744

LEC INC MET'S CORP

6479 6503 7211

-210

-20

-

24,000

24,500

14.69

6,500

6,500

14.47

43,000

43,000

19.82

2,800

2,800

7.78

-30

#N/A N/A

-

17,500

18,500

12.41

#N/A N/A

45,000

5.46

605

#N/A N/A

6.81

880

880

52.27

-158

-160

-

160,000 12,500

180,000 12,500

8.9 14.98

1,250

1,350

7.96

1,500 320,000 4,400

1,500 335,000 4,500

7.04 4.46 31.67

560

600

35.88

850 28,500

850 28,500

10.91 15.6

10

10

210.3

1,000 -495

1,200 #N/A N/A

11.15 -

MINEBEA CO LTD MITSUBISHI ELECTRIC CORP

13,500 115,000

13,500 115,000

14.55 17.31

MITSUBISHI MOTORS CORP

15,000

5,000

42.46

8031 2665 5906

MITSUI & CO LTD MITSUI KNOWLEDGE INDUSTRY CO MK SEIKO CO LTD

320,000 1,300 -600

340,000 1,320 -660

7.97 13.11 -

6455 7932 4092

MORITA HOLDINGS CORP NIPPI INC NIPPON CHEMICAL INDUSTRIAL

2,300 750 600

2,500 750 300

10.51 7.92 35.99

3893 4201 7105

NIPPON PAPER GROUP INC NIPPON SYNTHETIC CHEMICAL NIPPON YUSOKI CO LTD

15,000 5,500 600

15,000 5,500 600

16.55 9.73 17.23

7419 8604 4528

NOJIMA CORP NOMURA HOLDINGS INC ONO PHARMACEUTICAL CO LTD

4,300 #N/A N/A 18,500

4,300 45,000 19,000

3.39 40.99 25.9

6752 3941 7752

PANASONIC CORP RENGO CO LTD RICOH CO LTD

85,000 15,000 35,000

100,000 16,500 37,500

32.47 9.97 24.26

2805 8130 7243

S & B FOODS INC SANGETSU CO LTD SHIROKI CORP

1,400 3,600 7,600

1,500 3,600 7,800

19.88 21.96 3.83

9412 4965

SKY PERFECT JSAT HOLDINGS SODA AROMATIC CO LTD

2,000 695

3,000 720

53.33 10.04

4109

STELLA CHEMIFA CORP

1,606

2,150

29.29

6403

SUIDO KIKO KAISHA LTD

160

140

17.72

8053

SUMITOMO CORP

200,000

200,000

7.47

5657

SUZUKI METAL INDUSTRY CO LTD

1,000

1,300

11

6869

SYSMEX CORP

10,800

10,800

25.72

6470 9001

TAIHO KOGYO CO TOBU RAILWAY CO LTD

2,300 13,500

2,300 14,300

10.85 28.81

5727 7446 6995

TOHO TITANIUM CO LTD TOHOKU CHEMICAL CO LTD TOKAI RIKA CO LTD

-5,600 105 6,000

-5,600 100 6,000

22.35 25.41

4186 7867

TOKYO OHKA KOGYO CO LTD TOMY COMPANY LTD

3,200 9,000

3,200 9,000

26.66 7.34

5453

TOYO KOHAN CO LTD

3,800

4,400

13.66

6382

TRINITY INDUSTRIAL CORP

550

550

11.26

6815 2744

UNIDEN CORP WIN INTERNATIONAL CO LTD

1,000 813

1,000 #N/A N/A

16.8 10.65

7564

WORKMAN CO LTD

2,540

#N/A N/A

13.61

9671

YOMIURI LAND CO LTD

1,059

1,200

22.87

hilary.persent@hsbcib.com

6


Feb012011PACK