RESEARCH ALERT-Goldman Sachs ratings(Feb 2)

TOKYO, Feb 2 (Reuters) - The following is a list of
ratings that have been assigned by Goldman Sachs, the brokerage said on Monday.
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Rated lower:

Fuji Film Holdings Corp (4901.T) -- "Sell" from "Neutral"
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Rating unchanged:

Nissan Chemical Industries Ltd (4021.T) -- "Buy"

Toyo Suisan Kaisha Ltd (2875.T) -- "Buy"

IHI Corp (7013.T) -- "Buy"

Unicharm Petcare Corp. (2059.T) -- "Buy"

Nintendo Co Ltd (7974.OS) -- "Buy"

Sumitomo Corp (8053.T) -- "Buy"

Daiwa Securities Group Inc (8601.T) -- "Neutral"

Mitsui Chemicals Inc (4183.T) -- "Neutral"

Nitto Denko Corp (6988.T) -- "Neutral"

Mitsubishi Corp (8058.T) -- "Neutral"

Uni-Charm Corp (8113.T) -- "Neutral"

Minebea Co Ltd (6479.T) -- "Neutral"

Nissin Foods Holdings Co Ltd (2897.T) -- "Neutral"

Mizuho Financial Group Inc (8411.T) -- "Neutral"

Sumitomo Metal Mining Co Ltd (5713.T) -- "Neutral"

Marubeni Corp (8002.T) -- "Neutral"

JVC Kenwood Holdings Inc (6632.T) -- "Neutral"

Kikkoman Corp (2801.T) -- "Neutral"

Sharp Corp (6753.T) -- "Neutral"

Asahi Pretec Corp 5855.T -- "Neutral"

Honda Motor Co Ltd (7267.T) -- "Neutral"

NGK Spark Plug Co Ltd (5334.T) -- "Neutral"

Shinko Electric Industries Co Ltd (6967.T) -- "Neutral"

JFE Holdings Inc (5411.T) -- "Neutral"

Murata Manufacturing Co Ltd (6981.OS) -- "Sell"

Bank of Kyoto Ltd (8369.T) -- "Sell"

Olympus Corp (7733.T) -- "Sell"

Hitachi Ltd (6501.T) -- "Sell"

Kawasaki Heavy Industries Ltd (7012.T) -- "Sell"

Teijin Ltd (3401.T) -- "Sell"

Seiko Epson Corp (6724.T) -- "Sell"
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Goldman Sachs assigns ratings as follows:
A Buy or Sell rating is determined by a stock's return potential relative
to the brokerage's coverage view.
The view (Attractive, Neutral or Cautious) represents the analyst's investment
outlook on the stock relative to the coverage group's historical fundamentals
and/or valuation.
Any stock not assigned as a Buy or Sell is deemed Neutral.
The return potential represents the difference between the current share price
and the price target expected during a specific time horizon.