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Monday April 9, 10:42 AM

Japan Hot Stocks-Toyama Chemical, Daiwabo, ANA, Fuji Electronics

TOKYO, April 9 (Reuters) - The following stocks are on the move on Monday: **TOYAMA CHEMICAL UP AFTER ASIA MINISTERS MEET OVER BIRD FLU**

Toyama Chemical Co. Ltd. gains 3.6 percent to 807 yen after the health ministers of Japan, China and South Korea agreed at a meeting on Sunday to strengthen their cooperation in quarantine and treatment of bird flu.

Toyama is developing a drug to combat bird flu. Shares of textiles company Daiwabo Co. Ltd. jump 11.3 percent to 346 yen on expectations for better sales of textiles used to protect against the disease, such as masks. 0200 GMT **ANA UP, PLANS TIE-UP WITH REGIONAL AIRLINE**

All Nippon Airways Co. rises 1.1 percent to 469 yen. The airline said on Monday it plans to form a business alliance with regional airline Star Flyer Inc. to expand its domestic flight network to Kitakyushu, southwestern Japan.

They plan to enter a code-sharing agreement around June to fly between Tokyo's Haneda airport and Kitakyushu, a route ANA currently does not operate. ANA spokesman Atsushi Asano said the two companies are not considering a capital alliance. 0129 GMT **FUJI ELECTRONICS UP AFTER EARNINGS REPORT**

Fuji Electronics Co. Ltd. gains 3.5 percent to 1,800 yen after the wholesaler of semiconductors reported 16 percent profit growth in the year ended Feb. 28, citing strong sales of IC chips for information and communications equipment.

Fuji's group sales rose 16.1 percent year-on-year to 46.39 billion yen, while its operating profit jumped 22.1 percent to 3.27 billion. The company expects its group net profit to grow 14.6 percent to 2.36 billion yen in the current business year, following a 16.1 percent gain in the previous year. 0126 GMT **TOC LIMIT-UP AFTER ANNOUNCING MANAGEMENT BUYOUT**

TOC Co. rises by the daily price limit of 100 yen or 13.0 percent to 869 yen, becoming the second biggest percentage gainer in the Tokyo exchange's first section, after the company said on Friday it plans to go private through a management buyout.

A fund controlled by TOC President Takuo Otani will offer 800 yen per share, aiming to acquire up to 100 percent of the building leasing firm. 0100 GMT **ISUZU MOTORS RISES ON PLAN FOR US TRUCK PLANT**

Isuzu Motors rises 1.4 percent to 634 yen after the company said it has bought land for a U.S. truck plant in Alabama, pushing ahead with plans to reestablish a production base in the world's biggest vehicle market. [ID:nT285952] 0055 GMT **YAMAHA CORP GAINS AFTER MID-TERM PLAN**

Yamaha Corp., a maker of musical instruments, gains 3.6 percent to 2,880 yen after it announced a 3-year business plan on Friday under which it would aim for an annual operating profit of 45 billion yen ($377 million) and return on equity (ROE) of 10 percent by the fiscal year to March 2010. That compared with its expected operating profit of 26 billion yen and an estimated ROE of 9.2 percent for the year ended last month. The company also said it would beef up marketing in emerging markets such as China and Russia. 0035 GMT **KDDI UP ON U.S. PLAN, SUBSCRIBER DATA**

KDDI Corp. rises 2.5 percent to 1 million yen after the second-biggest mobile phone operator in Japan said on Sunday it aims to offer a mobile phone service in the United States using a network operated by Sprint Nextel Corp. . [ID:nT217561]

Separately, data from Japan's top mobile operators showed that KDDI added the most mobile phone users in Japan in March and in the business year 2006/07, beating rivals NTT DoCoMo and Softbank Corp. . [ID:nT262078] 0032 GMT ****HOYA DOWN AFTER PENTAX PRESIDENT SAID TO RESIGN**** Shares in high-tech glass maker Hoya Corp down 0.24 percent at 4,090 yen after Pentax President Fumio Urano told reporters on Monday that he was set to resign from his current position, clouding the outlook of Hoya's tender offer for the camera maker.

The board of Pentax will decide on its response to the offer at a meeting on Tuesday, Urano said.

Hoya said on Friday it planned to make a tender offer for Pentax Corp. , instead of using a share swap, to appease shareholders unhappy about the merger ratio.

Pentax stock was untraded with a glut of buy orders at 763 yen, up 4 percent. 0013GMT (For IPO news, data and diary, click)

 


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