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Japan Hot Stocks-Yamada Denki, K's Holdings, Uny, Daiichi Sankyo

Tuesday, 2 Oct 2012 | 8:56 PM ET

TOKYO, Oct 3 (Reuters) - The Nikkei average was flat, while the broader TOPIX dipped 0.1 percent in early deals on Wednesday.

The following stocks were on the move:

**YAMADA DENKI, K'S FALL ON REPORT OF WEAKER H1 PRETAX PROFIT**

Yamada Denki Co Ltd dropped 3.5 percent to 3,175 yen and K's Holdings Corp shed 3 percent to 1,757 yen after the Nikkei business daily said consumer electronics retailers would continue to suffer from a decline in demand after the switch was made to terrestrial digital TV broadcasts in July 2011.

The newspaper said Yamada Denki's pretax profit for the April-September period would come in lower than its estimate of 40.5 billion yen, while K's Holdings' interim pretax profit would fall to about 12 billion yen from the company's forecast of 17.5 billion.

It also said Bic Camera Inc's pretax profit for the year ended August would fall to about 6 billion yen, sharply below the firm's estimate of 11 billion yen. The stock was down 0.3 percent at 39,000 yen.

0045 GMT

**UNY HITS 18-MTH LOW AFTER EARNINGS DISAPPOINT, GUIDANCE CUT**

Uny Co Ltd sank 7.2 percent to an 18-month low at 565 yen after the supermarket chain cut its operating profit forecast for the year ending Feb. 20 by 14 percent to 39 billion yen, with its second quarter figures coming in below market expectations.

The company posted an operating profit of 11.02 billion yen for the second quarter ended Aug. 20 versus expectations of about 14 billion yen, according to Thomson Reuters StarMine.

0022 GMT

**DAIICHI SANKYO HITS RECORD LOW AFTER LUNG CANCER TRIAL HALTED**

Daiichi Sankyo Co Ltd sagged 3.9 percent to 1,210 yen, hitting a record low after U.S. biotechnology company ArQule Inc said it will discontinue a late-stage trial of the lung cancer drug it is co-developing with Daiichi Sankyo after an interim analysis showed the drug would not improve overall survival.

Daiichi Sankyo has lost 20.7 percent this year, underperforming a 3.7 percent rise in the Nikkei.

0010 GMT

(Reporting by Dominic Lau; Editing by Edmund Klamann and Prateek Chatterjee)

((dominic.lau@thomsonreuters.com)(+81 3 6441 1917)(Reuters Messaging: dominic.lau.thomsonreuters@reuters.net))

Keywords: MARKETS JAPAN STOCKS HOT/

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