Monday, December 8, 2008

Japan Hot Stocks-Trans Cosmos, Nintendo, Aoyama, Shinki, Otsuka

TOKYO, Dec 8 (Reuters) - The benchmark Nikkei average rose 5.4 percent and the broader TOPIX was 3.7 percent higher as of 0540 GMT on Monday. The following stocks were on the move:


Shares of Trans Cosmos Inc fell 12.3 percent to 576 yen after the company said it now expects to post an operating loss this year, citing weakening demand for its call centre and data entry businesses and widening losses in its venture capital division.

After the close on Friday, Trans Cosmos forecast a group operating loss of 2.8 billion yen for the year to March, compared with its prior estimate for a profit of 2.7 billion yen. It cut its sales forecast by 11 percent.

A company spokesman said the economic slowdown has led to a drop-off in demand for its data entry, call centre and digital marketing services, while a slump in the stock market has forced it to write down investments made by its venture capital unit. Earnings from its South Korean operations have also been hit by yen strength versus the won, he said.

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