Japan Hot Stocks-Izumi, Tomy, Nikon, Canon
TOKYO, Oct 4 (Reuters) - The Nikkei average advanced 0.3 percent and the broader TOPIX gained 0.6 percent in early deals on Thursday.
The following stocks were on the move.
**IZUMI HITS NEARLY 5-YEAR HIGH ON SHARE BUYBACK PLAN**
Izumi Co Ltd jumped 17.7 percent to 1,926 yen, its highest level since December 2007, after the supermarket operator said it would spend up to 8 billion yen to buy back up to 4 million of its own shares, or 5.1 percent of its issuing shares, between Oct. 4 and Dec. 28.
**TOMY UP ON POKEMON GLOBAL MARKETING RIGHT**
Tomy Co Ltd climbed 6.4 percent to 434 yen after the Nikkei newspaper said the toy maker has acquired the right to develop and market Pokemon character goods globally in an aim to expand its sales.
The business daily said Tomy would take over Pokemon operations in Europe and the United States from Bandai Co, a unit of Namco Bandai Holdings Inc , and local firms.
Namco Bandai slipped 2.1 percent to 1,274 yen.
**NIKON HITS 3-WEEK LOW ON REPORT OF WEAKER H1 EARNINGS**
Nikon Corp sagged 4.5 percent to a three-week low of 2,017 yen after the Nikkei business daily said the camera maker was likely to post an operating profit for the first half ended in September of around 35 billion yen ($446 million), below a market consensus estimate of 40 billion yen.
The newspaper said the 43 percent drop in first-half operating profit was due to weak sales of chipmaking devices and a strong yen.
Nikon is due to report its interim earnings later this month.
**CANON FALLS AFTER HEWLETT-PACKARD WARNS ON 2013 EARNINGS**
Canon Inc shed 3 percent to 2,478 yen after its client Hewlett-Packard Co warned of an unexpectedly steep earnings slide in 2013, with revenue set to fall in every business division except software.
A trader said 20 percent of Canon's sales go to Hewlett-Packard.
Canon was the most traded stock by turnover on the main board, while rival firm Ricoh Co Ltd dropped 2.7 percent to 698 yen.
0010 GMT ($1 = 78.5300 Japanese yen)
(Reporting by Dominic Lau; Editing by Edmund Klamann and Prateek Chatterjee)
Keywords: MARKETS JAPAN STOCKS HOT/