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IND-X Securities - Japanese Radar Screenings – Monday, 17 January 2011 A daily scan of the more active stocks to highlight early turning points, and momentum shifts … buy radar 2695 KURA CORP 4547 KISSEI PHARMACE 5929 SANWA HOLDINGS sell radar 4095 4617 5007 5981 6278 6461 6807 6988 7238 7294 7915 8981

NIHON PARKERIZI CHUGOKU MARINE COSMO OIL COMPA TOKYO ROPE MFG UNION TOOL CO NIPPON PISTON R JAPAN AVIATION NITTO DENKO COR AKEBONO BRAKE I YOROZU CORP NISSHA PRINTING JAPAN HOTEL AND

due a bounce 8170 UNIHAIR CO LTD due a fall 3226 3269 3401 3715 3843 4044 4188 4208 4403 4819 5632 6247 6268 6460 6621 7735 8001 8185 8339 8584 8915 8960 8967 9424

NIPPON ACCOMMOD ADVANCE RESIDEN TEIJIN LTD DWANGO CO LTD FREEBIT CO LTD CENTRAL GLASS C MITSUBISHI CHEM UBE INDUSTRIES NOF CORP DIGITAL GARAGE MITSUBISHI STEE HISAKA WORKS LT NABTESCO CORP SEGA SAMMY HOLD TAKAOKA ELECTRI DAINIPPON SCREE ITOCHU CORP CHIYODA CO LTD TOKYO TOMIN BAN JACCS CO LTD TACT HOME CO LT UNITED URBAN IN JAPAN LOGISTICS JAPAN COMMUNICA

3436 3774 4043 5541 5701 6310 6506 6674 8281 9945

SUMCO CORP INTERNET INITIA TOKUYAMA CORPOR PACIFIC METALS NIPPON LIGHT ME ISEKI & CO LTD YASKAWA ELECTRI GS YUASA CORP XEBIO CO LTD PLENUS CO LTD

increasing volume - declines 2131 3405 5007 6278 6770 6816 7220 7230 8113 8308 8336 8967

ACCORDIA GOLF C KURARAY CO LTD COSMO OIL COMPA UNION TOOL CO ALPS ELECTRIC C ALPINE ELECTRON MUSASHI SEIMITS NISSIN KOGYO CO UNICHARM CORP RESONA HOLDINGS MUSASHINO BANK JAPAN LOGISTICS

3201 4028 4100 4188 4208 4401 4403 4564 5334 5393 5481 5632 5701 6247 6875 6965 7238 7245 7259 8154 8960

2331 4061 6508 6701 6773 8574

JAPAN WOOL TEXT ISHIHARA SANGYO TODA KOGYO CORP MITSUBISHI CHEM UBE INDUSTRIES ADEKA CORP NOF CORP ONCOTHERAPY SCI NGK SPARK PLUG NICHIAS CORP SANYO SPECIAL S MITSUBISHI STEE NIPPON LIGHT ME HISAKA WORKS LT MEGACHIPS CORP HAMAMATSU PHOTO AKEBONO BRAKE I DAIDO METAL CO AISIN SEIKI CO KAGA ELECTRONIC UNITED URBAN IN

2131 ACCORDIA GOLF C aqr busters - pm volume pickup

SOHGO SECURITY DENKI KAGAKU KO MEIDENSHA CORP NEC CORP PIONEER CORP PROMISE CO LTD

closed at day's high [on volume] 1893 2109 3774 5453 6505 6801 7774 8237 8410

PENTA-OCEAN CON MITSUI SUGAR CO INTERNET INITIA TOYO KOHAN CO L TOYO DENKI SEIZ TOKO INC JAPAN TISSUE EN MATSUYA CO LTD SEVEN BANK LTD

closed at day's low [on volume] 1518 2809 2897 3106 3315 3391 3853 4924 6273 6645 6807 7757 7867 7976 8336 8607 8959

new 12m intra-day lows

2121 2282 2331 2590 3201

IDEMITSU KOSAN TOKAI CARBON CO HITACHI CONSTRU SANYO ELECTRIC PANASONIC ELECT TOKAI RIKA CO L IHI CORP KEIHIN CORP TAKATA CORP TOKYO SEIMITSU NIKON CORP XEBIO CO LTD ORIENT CORP TOKYU REIT INC GLOBAL ONE REIT NOMURA REAL EST KAWASAKI KISEN MISUMI GROUP IN

aqr busters - pm volume drop-off

new 12m intra-day highs

increasing volume - advances MIXI INC NIPPON MEAT PAC SOHGO SECURITY DYDO DRINCO INC JAPAN WOOL TEXT

5019 5301 6305 6764 6991 6995 7013 7251 7312 7729 7731 8281 8585 8957 8958 8959 9107 9962

4021 NISSAN CHEMICAL 4186 TOKYO OHKA KOGY 4631 DIC CORP

MITSUI MATSUSHI KEWPIE CORP NISSIN FOODS HO KURABO INDUSTRI NIPPON COKE & E TSURUHA HOLDING INFOTERIA CORPO DR CI:LABO CO L SMC CORP OMRON CORP JAPAN AVIATION NIDEC SANKYO CO TOMY COMPANY LT MITSUBISHI PENC MUSASHINO BANK MIZUHO INVESTOR NOMURA REAL EST

8967 9031 9065 9531 9962

JAPAN LOGISTICS NISHI-NIPPON RA SANKYU INC TOKYO GAS CO LT MISUMI GROUP IN

Top stocks / Winners 3201 3845 4822 6672 7707 7774 7776 8237

JAPAN WOOL TEXT I-FREEK INC HUDSON SOFT CO RAYTEX CORP PRECISION SYSTE JAPAN TISSUE EN CELLSEED INC MATSUYA CO LTD

Laggards / Losers 1407 2131 2337 3715 3823 4819 6278 6985 8572 8981

WEST HOLDINGS C ACCORDIA GOLF C ICHIGO GROUP HO DWANGO CO LTD ACRODEA INC DIGITAL GARAGE UNION TOOL CO U-SHIN LTD ACOM CO LTD JAPAN HOTEL AND

10% Intra-day swingers – advances 4822 6672 7707 7776 9424

HUDSON SOFT CO RAYTEX CORP PRECISION SYSTE CELLSEED INC JAPAN COMMUNICA

10% Intra-day swingers – declines 2159 FULL SPEED INC 8515 AIFUL CORP Top 10 value traded - [$2.86bn – 1.49bn] 6502 7203 7751 7974 8035 8058 8306 8316 8411 9433

TOSHIBA CORP TOYOTA MOTOR CO CANON INC NINTENDO CO LTD TOKYO ELECTRON MITSUBISHI CORP MITSUBISHI UFJ SUMITOMO MITSUI MIZUHO FINANCIA KDDI CORP

# 7735 Dainippon Screen – “howmuchhigher” – closed up another 4% today [after Friday’s INTEL sales boost] but volume [in a generally low volume day] has slipped from 12mn Friday to 8mn today – also, all the day’s rise occurred in the AM session, with PM volume slipping and price unchanged. Today’s catalyst was the price target upgrade to Y1000 [Y790] by JPM Chase. 6665 Elpida rose 2.5%, Tokyo Electron rose 3%, and Sumco rose 5.3%. The 7735/TPX spread is at 6-year lows.

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

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Japan Radar 17th Jan