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IND-X Securities - Japanese Radar Screenings – Tuesday, 02 November 2010 A daily scan of the more active stocks to highlight early turning points, and momentum shifts … buy radar 3593 4021 7276 8113 9706

HOGY MEDICAL CO NISSAN CHEMICAL KOITO MANUFACTU UNICHARM CORP JAPAN AIRPORT T

sell radar 2121 MIXI INC 7231 TOPY INDUSTRIES 8591 ORIX CORP due a bounce 2212 2282 2501 4666 5423 5943 6845 8060 8308 8385 8572 8698

YAMAZAKI BAKING NIPPON MEAT PAC SAPPORO HOLDING PARK24 CO LTD TOKYO STEEL MFG NORITZ CORP YAMATAKE CORP CANON MARKETING RESONA HOLDINGS IYO BANK LTD/TH ACOM CO LTD MONEX GROUP INC

due a fall 3234 5632 6954 7541 8136 8953 8954 8959 8961 9204

MORI HILLS REIT MITSUBISHI STEE FANUC LTD MEGANE TOP CO L SANRIO CO LTD JAPAN RETAIL FU ORIX JREIT INC NOMURA REAL EST MORI TRUST SOGO SKYMARK AIRLINE

increasing volume - advances 1820 2432 3407 4188 4626 5101 6448 6498 6925 7732

NISHIMATSU CONS DENA CO LTD ASAHI KASEI COR MITSUBISHI CHEM TAIYO HOLDINGS YOKOHAMA RUBBER BROTHER INDUSTR KITZ CORP USHIO INC TOPCON CORP

7832 NAMCO BANDAI HO 8113 UNICHARM CORP 8601 DAIWA SECURITIE

1820 3407 3893 4005 4043 4183 4188 4819 5701 7004 7270 7732 8202 8967 9513 9533

increasing volume - declines 3227 3632 4201 5803 6844 6996 6997 7915 8630 9684 9697

MID REIT INC GREE INC NIPPON SYNTHETI FUJIKURA LTD SHINDENGEN ELEC NICHICON CORP NIPPON CHEMI-CO NISSHA PRINTING NKSJ HOLDINGS I SQUARE ENIX HOL CAPCOM CO LTD

aqr busters - pm volume drop-off

new 12m intra-day highs

2766 6461 8303 8604 8697 9532

3360 SHIP HEALTHCARE new 12m intra-day lows 2282 2503 2651 3436 3893 4507 5423 5801 5803 6665 6753 6845 6857 6967 7003 7211 7282 7915 8308 8316 8601 8604 8750 9020 9041 9684 9697

NISHIMATSU CONS ASAHI KASEI COR NIPPON PAPER GR SUMITOMO CHEMIC TOKUYAMA CORPOR MITSUI CHEMICAL MITSUBISHI CHEM DIGITAL GARAGE NIPPON LIGHT ME HITACHI ZOSEN C FUJI HEAVY INDU TOPCON CORP LAOX CO LTD JAPAN LOGISTICS ELECTRIC POWER TOHO GAS CO LTD

NIPPON MEAT PAC KIRIN HOLDINGS LAWSON INC SUMCO CORP NIPPON PAPER GR SHIONOGI & CO L TOKYO STEEL MFG FURUKAWA ELECTR FUJIKURA LTD ELPIDA MEMORY I SHARP CORP YAMATAKE CORP ADVANTEST CORP SHINKO ELECTRIC MITSUI ENGINEER MITSUBISHI MOTO TOYODA GOSEI CO NISSHA PRINTING RESONA HOLDINGS SUMITOMO MITSUI DAIWA SECURITIE NOMURA HOLDINGS DAI-ICHI LIFE I EAST JAPAN RAIL KINTETSU CORP SQUARE ENIX HOL CAPCOM CO LTD

JAPAN WIND DEVE NIPPON PISTON R SHINSEI BANK LT NOMURA HOLDINGS OSAKA SECURITIE OSAKA GAS CO LT

closed at day's high [on volume] 2211 2670 6806 7276 7915 8060 8113 8316 8356 8415 8815 8870

FUJIYA CO LTD ABC-MART INC HIROSE ELECTRIC KOITO MANUFACTU NISSHA PRINTING CANON MARKETING UNICHARM CORP SUMITOMO MITSUI JUROKU BANK LTD KIYO HOLDINGS I TOKYU LAND CORP SUMITOMO REAL E

closed at day's low [on volume] 1808 2138 3391 4208 5741 7231 7550 8155 8202 8924 9613

aqr busters - pm volume pickup

HASEKO CORP CROOZ INC TSURUHA HOLDING UBE INDUSTRIES FURUKAWA-SKY AL TOPY INDUSTRIES ZENSHO CO LTD MIMASU SEMICOND LAOX CO LTD RISA PARTNERS I NTT DATA CORP

9681 TOKYO DOME CORP Top stocks 2432 2497 2766 3360 6448 7732 8113 8925

DENA CO LTD NGI GROUP INC JAPAN WIND DEVE SHIP HEALTHCARE BROTHER INDUSTR TOPCON CORP UNICHARM CORP ARDEPRO CO LTD

Laggards 3632 4201 5803 6844 6997 8202 8848

GREE INC NIPPON SYNTHETI FUJIKURA LTD SHINDENGEN ELEC NIPPON CHEMI-CO LAOX CO LTD LEOPALACE21 COR

10% Intra-day swingers – advances 2497 NGI GROUP INC 2766 JAPAN WIND DEVE 8925 ARDEPRO CO LTD 10% Intra-day swingers – declines 3397 3632 5606 6844 8202 8848

TORIDOLL.CORP GREE INC ASAHI TEC CORP SHINDENGEN ELEC LAOX CO LTD LEOPALACE21 COR

Top value traded 2432 6301 7203 7267 7751 8058 8306 8316 8604 9984

DENA CO LTD KOMATSU LTD TOYOTA MOTOR CO HONDA MOTOR CO CANON INC MITSUBISHI CORP MITSUBISHI UFJ SUMITOMO MITSUI NOMURA HOLDINGS SOFTBANK CORP

#8113 Unicharm closed +6% on 2.34mn shares [cf. 863K average] – on the BUY, increasing volume, closed at day’s high, and top stocks radar screenings. Unicharm has bounced 10% since the mid-Oct lows and momentum has been building on the 1H results [announced Oct 29th ] – net income +91.3%, and the raised net income forecast of Y32bn [+31%] – the stock is trading on 6.4x Co ests and 8.4x TK Mar2012 ests. Unicharm has outperformed TPX by 21% over the past 12 months, but is still not reached overbought levels.

hilary.persent@db.com - +44 20 7545 6367

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NOV022010RADAR