Japan Hot Stocks-Gulliver, Citizen, Hitachi Construction, Dentsu

TOKYO, April 7 (Reuters) - The benchmark Nikkei average
<.N225> rose 0.3 percent and the broader TOPIX <.TOPX> was up 0.5
percent by the midday break on Tuesday.
The following stocks were on the move:

**GULLIVER PLUNGES AFTER OUTLOOK CUT, DIVIDEND OMISSION**
Gulliver International Co Ltd <7599.T> fell 13.2 percent to
1,377 yen after the used car dealer cut its forecast for the last
business year, hurt by a drop in sales.
The firm also said it would not pay a year-end dividend,
which had been set at 41 yen per share.
Gulliver said it now expects an operating profit of 4 billion
yen for the year ended in February, down 29 percent from its
previous forecast.
0200 GMT

**CITIZEN <7762.T> UP AFTER GOLDMAN UPGRADE**
Citizen Holdings Co Ltd rose 3.9 percent to 485 yen after
Goldman Sachs upgraded its rating on the watch maker to "buy"
from "neutral" and raised its target price to 560 yen from 270
yen.
"Since new management came in last year, the company has
focused on returns rather than its old approach of pursuing
revenue growth in many businesses," Goldman analyst Toshiya Hari
said in a note to clients.
0155 GMT

**HITACHI CONSTRUCTION <6305.T> DOWN AFTER PROFIT FALL REPORT**
Hitachi Construction Machinery Co Ltd slid 3.5 percent to
1,366 yen after the Nikkei business daily said that the
earth-moving equipment maker was likely to post a 50 percent fall
in operating profit in the year to March 2010 on declining
overseas sales.
0125 GMT

**DENTSU <4324.T> DOWN ON SHAREHOLDING LOSS**
Dentsu Inc fell 2.7 percent to 1,568 yen after Japan's
biggest advertising agency, said it plans to book a 40.9 billion
yen ($406 million) loss on its shareholdings for the
January-March quarter.
Dentsu, which had expected a net profit of 11 billion yen for
the business year ended March 31, said it was calculating the
impact of the loss on its earnings estimates.
0031 GMT

**TOSHIBA PLANT SYSTEMS <1983.T> AWASH WITH BUY ORDERS**
Shares of Toshiba Plant Systems & Services Corp were awash
with buy orders after the engineering firm said it is likely to
report bigger profits than previously estimated for the year
ended in March.
The company shares were bid at 921 yen, up 4.5 percent from
Monday's closing price.
Buoyed a by rise in revenue from power generation plant
projects and cost-cutting efforts, the company said it now
expects an operating profit of 12.7 billion yen, up 39.6 percent
from an earlier forecast.
0020 GMT

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Keywords: MARKETS JAPAN STOCKS HOT

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