Japan Hot Stocks-M'bishi Estate, Train makers, Fujitsu, Unicharm

TOKYO, April 30 (Reuters) - The benchmark Nikkei average
<.N225> jumped 4 percent and the broader TOPIX <.TOPX> gained 3.5
percent on Thursday.
The following stocks were on the move:

**M'BISHI ESTATE <8802.T> JUMPS; Q1 PROFIT DOWN, SEES RECOVERY**
Mitsubishi Estate, Japan's second-biggest property developer,
jumped 7.5 percent to 1,290 yen, extending earlier gains after it
reported a 61 percent drop in quarterly profit but forecast a
modest recovery in the year ahead. [nT106807]
Japan's property market has been hit hard as an economy in
recession has sapped office demand and consumer appetite for
houses. But the impact on Mitsubishi Estate has been limited
compared with its smaller rivals as the company relies heavily on
the more stable office leasing business.
0457 GMT

**TRAIN MAKERS ADVANCE, JAPAN TO PROMOTE BULLET TRAIN IN U.S.**
Makers of railway rolling stock Kawasaki Heavy Industries Ltd
<7012.T> and Hitachi Ltd <6501.T> gained after the Nikkei
reported Japan would send a government envoy to the United States
in early May to promote Japan's high-speed bullet train.
U.S. President Barack Obama said earlier this month the
country would seek to develop high-speed rail nationally.
[nN16196343]
Kawasaki Heavy rose 7.1 percent to 211 yen and Hitachi
climbed 4.3 percent to 342 yen.
0433 GMT

**FUJITSU <6702.T> GAINS, MAY TEAM WITH TSMC ON CHIP OUTPUT**
Fujitsu Ltd gained 4.1 percent to 430 yen after the firm said
it was in talks with Taiwanese contract chipmaker TSMC <2330.TW>
to outsource system chip production as it looks to revive its
struggling semiconductor operations. [nT278321]
Fujitsu and TSMC are also considering working together to
develop next-generation chips, a Fujitsu spokesman said, a move
that would help spread the burden of large investment costs.
0350 GMT

**UNICHARM PETCARE <2059.T> UP ON STRONG PROFIT GROWTH**
Unicharm Petcare Corp jumped 5.5 percent to 2,670 yen after
the pet food maker reported 27.4 percent growth in its operating
profit for the year that ended in March, although its outlook was
below analyst forecasts.
The company said its operating profit rose to 6.6 billion yen
($68 million) for the year just finished, as demand for its
products increased with more people in Japan owning pets.
It expects its operating profit for this financial year to
increase 6.2 percent to 7 billion yen, below the 8 billion yen
forecast by two analysts.
0200 GMT

**PIONEER <6773.T> TUMBLES ON DILUTION CONCERNS**
Pioneer Corp fell 7.3 percent to 317 yen after the struggling
electronics maker said on Tuesday it aimed to raise 40 billion
yen to shore up its financial standing, stoking investor worries
about a dilution in per-share value.
Pioneer also said Honda Motor Co <7267.T> would take a 6.5
percent stake in it for 2.5 billion yen, and that it aimed to
return to profit in two years. Wednesday was a national holiday
in Japan. [nT92843]
0148 GMT

**TOKYO ELECTRON <8035.T> JUMPS AFTER EARNINGS ESTIMATE HIKE**
Tokyo Electron Ltd climbed 7.5 percent to 4,430 yen after the
world's No. 2 maker of chip making equipment doubled its
operating profit estimate for the year ended in March thanks to
cost cuts, higher than the market consensus.
Tokyo Electron said it now expects to log an annual operating
profit of 14.7 billion yen ($152 million), up from its previous
estimate of 7 billion yen. [nT116368]
0144 GMT

**FLU-LINKED STOCKS IN DEMAND AS WHO RAISES FLU THREAT LEVEL**
Makers of medical masks soared after the World Health
Organization raised its alert level for swine flu to phase 5, the
last step before a pandemic categorisation, as the virus spread
and killed the first person outside of Mexico. [nFLU]
Daiwabo <3107.T> jumped 16 percent to 428 yen and Fujibo
Holdings <3104.T> surged 30.8 percent to 157 yen.
Shikibo <3109.T>, which makes virus-resistant fibres used in
products such as hospital uniforms and sheets, was bid up by its
daily limit of 50 yen to 224 yen, a 28.7 percent rise from
Tuesday's close.
0120 GMT

**EXPORTERS JUMP ON U.S. HOPES, HONDA CLIMBS AFTER EARNINGS**
Exporter shares climbed after a jump on Wall Street on a rise
in U.S. consumer spending and comments by the Federal Reserve
suggesting that the U.S. recession may be easing. [.N]
Canon Inc <7751.T> shot up 5.4 percent to 2,930 yen and Sony
Corp <6758.T> advanced 5.1 percent to 2,580 yen, while Toyota
Motor Corp <7203.T> gained 4.6 percent to 3,830 yen.
0049 GMT

**HONDA SURGES AFTER FORECASTING PROFIT**
Honda Motor Co <7267.T> surged 6.5 percent to 2,770 yen after
forecasting on Tuesday a small profit for this year as it cuts
costs to counter plunging car sales and a strong yen. It said its
leading position in motorcycles was helping it cope with the
severe global slowdown. [nSP40259]
0049 GMT

**SHINSEI, AOZORA SLIDE ON MERGER TROUBLE REPORT**
Shares of Shinsei Bank <8303.T> lost 3.7 percent to 132 yen
after Jiji news agency reported on Wednesday that a merger
between Shinsei and Aozora Bank <8304.T> is facing difficulties
as they were not able to get consent from their major
shareholders. [nT145835]
Aozora shares shed 3.8 percent to 127 yen.
Financial sources had told Reuters the two money-losing
lenders were considering merging next April to create Japan's
sixth-largest bank with an announcement slated as early as May
13. [nTKU103394]
0015 GMT

(Reporting by Aiko Hayashi)
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($1=96.92 Yen)
Keywords: MARKETS JAPAN STOCKS HOT

Keywords: MARKETS JAPAN STOCKS HOT

Keywords: MARKETS JAPAN STOCKS HOT

Keywords: MARKETS JAPAN STOCKS HOT

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