Japan Hot Stocks-Tecmo, Maezawa Industries, Uny, Goodwill

TOKYO, June 9 (Reuters) - The benchmark Nikkei average .N225 fell 2 percent and the broader TOPIX also lost 2 percent as of 0542 GMT on Monday.

The following stocks were on the move: **TECMO 9650.T RISES ON SHARE BUYBACK**

Tecmo Ltd rose 5.1 percent to 1,003 yen after the video game maker said it would buy back up to 360 million yen worth of its own shares, or 1.2 percent of shares outstanding, between June 9 and Dec 31. 0536 GMT **MAEZAWA INDUSTRIES (6489.T) DOWN ON BIGGER LOSS FORECAST**

Shares of Maezawa Industries Inc fell 3.5 percent to 246 yen after the maker of water supply and sewage disposal plants said it would post a bigger loss than originally expected due to sluggish sales and rising materials costs.

Maezawa said after the close of trade on Friday that it now expects to post a group net loss of 5.06 billion yen for the year ended May 31, bigger than its previous forecast for a 3.0 billion yen loss. It said sales would fall 4 percent short of plan.

The company said sales came up short due to tough price competition stemming from lower spending on public works. It also cited an increase in multiyear projects for which the booking of sales had been pushed back to at least the current business year.

Profitabiliy was also hurt by a sharp rise in the price of oil and steel and other raw materials, the company said. 0529 GMT **UNY (8270.T) RISES AFTER MITSUBISHI UFJ UPGRADE**

Retailer Uny Co Ltd rose 1.9 percent to 1,210 yen after Mitsubishi UFJ Securities lifted its rating to "2" from "4," saying Uny may post a smaller profit fall than expected as solid growth in food sales is likely to offset a drop in clothing. It added that the firm has made rapid progress in restructuring its speciality store business. 0422 GMT **GOODWILL (4723.T) JUMPS AFTER PREFERRED SHARE ISSUE APPROVED**

Goodwill Group Inc jumped by daily limit of 2,000 yen, or 20 percent, to 12,020 yen after its shareholders approved a preferred share issue to U.S. fund Cerberus [CBS.UL] and investment bank Morgan Stanley (MS.N) in a 15.5 billion yen debt-for-equity swap deal.

The staffing service firm, mired in regulatory trouble, has been trying to turn itself around with help of the U.S. investors.

The shareholder approval on Saturday came after the firm postponed submitting a proposal for the preferred share issue at a shareholder meeting late last month following opposition from its top shareholder United Technology Holdings Co (2146.Q). 0200 GMT **SUMITOMO HEAVY (6302.T) SLIDES AS ENTERS TALKS WITH AXCELIS**

Heavy machinery maker Sumitomo Heavy Industries Ltd fell 4.6 percent to 872 yen after it said it had, with partner TPG Capital LP [TPG.UL], begun talks with Axcelis Technologies Inc (ACLS.O).

Sumitomo Heavy and private equity firm TPG made a $532 million bid for Axcelis in February, and later sweetened the offer to $616 million. Axcelis had rejected the bids, saying they undervalued the company and failed to compensate it for the potential of new products.

Axcelis said on Friday it would give its suitors access to confidential information. It cautioned there could be no assurance that the discussions would result in a deal. [ID:nN06369516] 0200 GMT