Japan Hot Stocks-Astellas, Tokyo Electron, Nissan, shippers, CSK

TOKYO, May 13 (BestGrowthStock) – The benchmark Nikkei average
(.N225: ) rose 2.2 percent and the broader Topix (.TOPX: ) gained 1.7
percent on Thursday.

The following stocks were on the move:
**ASTELLAS PHARMA (4503.T: ) FALLS AFTER DISAPPOINTING FORECAST**

Astellas Pharma fell 1.1 percent to 3,175 yen after the No.2
Japanese drugmaker on Wednesday forecast a 19 percent drop in
annual recurring profit to 155 billion yen, falling short of
analysts’ consensus forecast for 172 billion yen. [ID:nTOE64B06T]
0550 GMT
**TOKYO ELECTRON (8035.T: ) SURGES; EXPECTS TO RETURN TO BLACK**

Shares of Tokyo Electron jumped 6.2 percent to 6,030 yen
after the chip equipment maker forecast it would swing to
profitability in the year to March 2011, citing an expected
increase in capital investment by semiconductor makers.

Tokyo Electron expects to book an operating profit of 79
billion yen for the year, compared with an operating loss of 2.2
billion yen the year before.

The forecast figure was slightly below a consensus profit
forecast of 82 billion yen in a poll of 20 analysts by Thomson
Reuters I/B/E/S.
0358 GMT
**NISSAN DOWN AFTER EARNINGS FORECAST LAGS CONSENSUS**

Nissan Motor Co (7201.T: ) slipped 1.6 percent to 733 yen after
Japan’s No.3 automaker said it expects growth in emerging markets
and launches of new models such as its Micra compact to provide
only a modest boost to profits this year.

For the year to March 2011, Nissan forecast an operating
profit of 350 billion yen, up 12 percent from the 311.6 billion
yen it made last year but lagging a consensus forecast of 411
billion yen in a poll of 22 analysts by Thomson Reuters I/B/E/S.
[ID:nTOE64A065]
0122 GMT
**SHIPPERS GAIN AS KEY FREIGHT INDEX UP ON STRONG DEMAND**

Mitsui O.S.K. Lines (9104.T: ) and other shipping firms gained
after the Baltic Exchange’s main freight index (.BADI: ), which
tracks rates to ship dry commodities, stayed at its highest level
in over five months as firm coal and iron ore demand, especially
in China and India, boosted sentiment. [ID:nLDE64B2O4]

The index rose 1.73 percent for its sixth session of gains
and was at its highest since Dec. 8.

Mitsui O.S.K. Lines rose 4 percent to 674 yen and Kawasaki
Kisen K.K. (9107.T: ) gained 4.2 percent to 374 yen. Nippon Yusen
(9101.T: ) rose 2.6 percent to 358 yen.

The shipping sub-index (.ISHIP.T: ) rose 3.4 percent, the
second-strongest performer among the sub-indexes.
0052 GMT
**CSK HOLDINGS (9737.T: ) SOARS ON STRONG FORECAST**

CSK Holdings surged 9.7 percent to 475 yen after the
information services company forecast operating profit to jump
139 percent this financial year, citing new business ventures and
cost cuts.

The company estimated operating profit for the year ending in
March 2011 at 10 billion yen, beating a consensus of 7.7 billion
yen from two analysts polled by Thomson Reuters I/B/E/S.
0040 GMT
**TOHO ZINC (5707.T: ) FALLS AFTER FORECASTS PROFIT FALL**

Toho Zinc shed 4 percent to 408 yen after the nonferrous
metal smelter said on Wednesday that it expects operating profit
to fall 28 percent to 6 billion yen in the business year to March
2011, citing uncertainties about demand and currency rates.
0024 GMT
**TAKEDA PHARMACEUTICAL (4502.T: ) DOWN AFTER RESULTS DISAPPOINT**

Shares of Takeda fell 1.9 percent to 3,915 yen after Japan’s
biggest drugmaker said on Wednesday that it expected profit to
slump 18 percent this year, hit by patent expirations on key
drugs.

Takeda forecast recurring profit, which is before tax and
excludes extraordinary items, to total 340 billion yen ($3.7
billion) in the year to March 2011, falling short of the 362.6
billion yen consensus in a poll of 15 analysts by Thomson Reuters
I/B/E/S. [ID:nTOE646040] [ID:nTOE64B06T]
0004 GMT

Stock Investing
(Reporting by Tokyo newsroom)

Japan Hot Stocks-Astellas, Tokyo Electron, Nissan, shippers, CSK