TOKYO, Oct 3 (Reuters) - The Nikkei average lost 0.4 percent, while the broader TOPIX dropped 0.5 percent on Wednesday.
The following stocks were on the move:
**MONEX GROUP UP, DEUTSCHE SAYS TO BREAK EVEN**
Monex Group Inc rose 2.4 percent to 12,790 yen after Deutsche Securities said it expected the holding company to break even in the three months ended September, after profit from mergers and acquisitions offsets the company's weak U.S. business.
Deutsche maintained its 'hold' rating on Monex, saying it expected pretax loss from Monex's U.S. arm to widen to 1.1 billion yen in the second quarter from 700 million yen in the first.
Deutsche analyst Hiroshi Torii said this would be offset by profits from the transfer of subsidiary Monex Alternative Investments and negative goodwill from the acquisition of Sony Bank Securities, adding up to 600 million yen ($7.7 million).
Torii estimated operating revenue for the last quarter at 6.5 billion yen ($83 million), much higher than the 110 million yen logged by Monex in the first quarter.
**JAPAN PETROLEUM EXPLORATION UP, FINDS SHALE**
Japan Petroleum Exploration Co Ltd climbed 4.4 percent to 3,350 yen, a five-month high, after Kyodo news agency said the company had found shale oil in Akita prefecture in northern Japan, making it the first company to begin extraction of shale domestically.
Japan Drilling also climbed 5.8 percent to 2,380 yen on the news. 0422 GM5
**TOYO ASANO FOUNDATION SOARS AFTER RAISING EARNINGS OUTLOOK**
Toyo Asano Foundation Co Ltd climbed 9.3 percent to 106 yen, a 2-1/2 month high, after the concrete maker upped its group operating profit forecast for the year ending February 2013 by 3.8 percent to 280 million yen ($3.6 million), after sales for the first half came in stronger than expected.
Toyo Asano also said earnings per share would rise to 7.1 yen from a previous forecast of 5 yen.
**TOYOTA, HONDA RISE AFTER STRONG SEPT SALES in U.S.**
Toyota Motor Corp advanced 1.5 percent to 3,040 yen and Honda Motor Co gained 0.6 percent to 2,399 yen after they posted strong sales in the United States in September.
Toyota reported a 41.5 percent jump year-on-year last month, while Honda logged a 30.9 percent increase. Nissan Motor Co , however, posted a 1.1 percent decrease for the same period.
Nissan slipped 0.2 percent to 659 yen.
Of the big three Japanese automakers, Nissan offers the cheapest valuation, with a 12-month forward price-to-earnings ratio of 6.3 versus Toyota's 9.7 and Honda's 7.8, according to Thomson Reuters Datastream.
**FAST RETAILING ADVANCES ON REPORT OF EXPECTED HIGHER SALES**
Fast Retailing Co Ltd climbed 2.7 percent to 18,000 yen after the Nikkei newspaper said the operator of casual clothing chain Uniqlo could reach sales of 1 trillion yen during this business year ending August 2013, making it the first domestic apparel company to do so.
The 1 trillion-mark would represent a 7.6 percent increase from its estimate of 929.50 billion yen in sales in the financial year ended August.
Fast Retailing is due to report its full-year results ended August on Oct. 10.
**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.
**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.
**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 ($1 = 78.0400 Japanese yen)
(Reporting by Dominic Lau, Sophie Knight; Editing by Edmund Klamann, Prateek Chatterjee, G. Ram Mohan)
Keywords: MARKETS JAPAN STOCKS HOT/