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IND-X Securities - Japanese Radar Screenings – Friday, 22 October 2010 A daily scan of the more active stocks to highlight early turning points, and momentum shifts … buy radar 2792 3332 4217 4330 6460 7453 7862 8140 8570 9364 9412

HONEYS CO LTD JFE SHOJI HOLDI HITACHI CHEMICA CELARTEM TECHNO SEGA SAMMY HOLD RYOHIN KEIKAKU TOPPAN FORMS CO RYOSAN CO LTD AEON CREDIT SER KAMIGUMI CO LTD SKY PERFECT JSA

sell radar 3099 4186 7230 7239 8951

ISETAN MITSUKOS TOKYO OHKA KOGY NISSIN KOGYO CO TACHI-S CO LTD NIPPON BUILDING

due a bounce 2501 2579 4716 6796 7211 7241 8056 8218 8308 8328 8385 9513

SAPPORO HOLDING COCA-COLA WEST ORACLE CORP JAP CLARION CO LTD MITSUBISHI MOTO FUTABA INDUSTRI NIHON UNISYS LT KOMERI CO LTD RESONA HOLDINGS SAPPORO HOKUYO IYO BANK LTD/TH ELECTRIC POWER

due a fall 1819 3234 3349 4612 4996 5981 7599 7735 8136 8267

TAIHEI KOGYO CO MORI HILLS REIT COSMOS PHARMACE NIPPON PAINT CO KUMIAI CHEMICAL TOKYO ROPE MFG GULLIVER INTERN DAINIPPON SCREE SANRIO CO LTD AEON CO LTD

8815 TOKYU LAND CORP 8959 NOMURA REAL EST 9204 SKYMARK AIRLINE

aqr busters - pm volume pickup 3529 ATSUGI CO LTD 4041 NIPPON SODA CO 4151 KYOWA HAKKO KIR 4817 JUPITER TELECOM 5233 TAIHEIYO CEMENT 5406 KOBE STEEL LTD 5407 NISSHIN STEEL C 5411 JFE HOLDINGS IN 6440 JUKI CORP 6764 SANYO ELECTRIC 8086 NIPRO CORP 8439 CENTURY TOKYO L 9086 HITACHI TRANSPO 9132 DAIICHI CHUO KI

increasing volume - advances 3529 5007 5482 5632 6640 6773 6816 7231 8136 8439

ATSUGI CO LTD COSMO OIL COMPA AICHI STEEL COR MITSUBISHI STEE DAI-ICHI SEIKO PIONEER CORP ALPINE ELECTRON TOPY INDUSTRIES SANRIO CO LTD CENTURY TOKYO L

increasing volume - declines

aqr busters - pm volume drop-off

3360 5411 7259 8964 8967

6460 6640 7995 9532

SHIP HEALTHCARE JFE HOLDINGS IN AISIN SEIKI CO FRONTIER REAL E JAPAN LOGISTICS

closed at day's high [on volume]

new 12m intra-day highs 5482 8136 9204 9640

2702 4047 5007 5202 5701 6504 6703 6741 6773 6816 7013 7246 8714 9427

AICHI STEEL COR SANRIO CO LTD SKYMARK AIRLINE SAISON INFORMAT

new 12m intra-day lows 2001 4028 4330 4912 5401 5423 6961 6995 7241 8160 8334 8714 9132 9759

SEGA SAMMY HOLD DAI-ICHI SEIKO NIPPON VALQUA I OSAKA GAS CO LT

NIPPON FLOUR MI ISHIHARA SANGYO CELARTEM TECHNO LION CORP NIPPON STEEL CO TOKYO STEEL MFG ENPLAS CORP TOKAI RIKA CO L FUTABA INDUSTRI KISOJI CO LTD GUNMA BANK LTD/ SENSHU IKEDA HO DAIICHI CHUO KI NSD CO LTD

MCDONALD'S HOLD KANTO DENKA KOG COSMO OIL COMPA NIPPON SHEET GL NIPPON LIGHT ME FUJI ELECTRIC H OKI ELECTRIC IN NIPPON SIGNAL C PIONEER CORP ALPINE ELECTRON IHI CORP PRESS KOGYO CO SENSHU IKEDA HO EACCESS LTD

closed at day's low [on volume] 4028 4631 6764 8304 8415 8972

ISHIHARA SANGYO DIC CORP SANYO ELECTRIC AOZORA BANK LTD KIYO HOLDINGS I KENEDIX REALTY

Top stocks 2191 4080 4835 5632 9204

TELLA INC TANAKA CHEMICAL INDEX HOLDINGS MITSUBISHI STEE SKYMARK AIRLINE

Laggards 3099 3360 6005 8489 8925 8967

ISETAN MITSUKOS SHIP HEALTHCARE MIURA CO LTD CREDIT ORGANIZA ARDEPRO CO LTD JAPAN LOGISTICS

10% Intra-day swingers – advances 2191 4080 4288 4835 8515 9204

TELLA INC TANAKA CHEMICAL ASGENT INC INDEX HOLDINGS AIFUL CORP SKYMARK AIRLINE

10% Intra-day swingers – declines 3838 AQ INTERACTIVE 8489 CREDIT ORGANIZA Top value traded 5411 6501 6758 7203 7267 7751 8306 8316 8591 8604

JFE HOLDINGS IN HITACHI LTD SONY CORP TOYOTA MOTOR CO HONDA MOTOR CO CANON INC MITSUBISHI UFJ SUMITOMO MITSUI ORIX CORP NOMURA HOLDINGS

#5482 Aichi Steel – up 4% after new broker upgrade – stock has been on a BULL trend since July, and has now broken out of the Y440 2-year high. Volume traded today was 2mn shares cf. 381K average. 5632 Mitsubishi Steel one the other hand, has been bouncing about at Y160 since July but raised forecasts 40% yesterday, and today rose 11% on 5.3mn shares cf. 652K average. Since late June Aichi [12.6x Mar12 TK est, 0.85x pbr] has outperformed Mitsubishi Steel [9.5x Mar12 TK est, 0.71pbr] by 26.6%

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

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OCT222010RADAR