TOKYO, Nov 10 (Reuters) - The benchmark Nikkei average rose 1.6 percent and the broader TOPIX climbed 1.3 percent on Tuesday.
The following stocks were on the move:
**ISETAN MITSUKOSHI SLIPS AFTER H1 LOSS, RATINGS CUT**
Isetan Mitsukoshi Holdings, Japan's largest department store operator, fell 2.4 percent to 810 yen after posting a first-half operating loss and trimming its annual sales target on Monday amid a weak outlook for the ailing industry.
Nomura Securities cut its rating on the company to 'reduce' from 'neutral' and its target price to 780 yen from 900 yen, citing lowered earnings estimates as a result of greater-than-expected investment plans.
'We previously had a positive view of management's short-term cost reductions and potential for earnings growth as it leverages its extensive real estate holdings over the medium term,' wrote analyst Masafumi Shoda.
'Amid a strengthening decelaration in department store sales, however, the company has continued to increase strategic investments in store renovations and its credit card business,' he added.
0200 GMT
**ASICS STUMBLES ON FIRST-HALF PROFIT FALL**
Asics Corp plunged 9.7 percent to 710 yen after the shoe maker said its April-September operating profit fell 25.8 percent to 9.4 billion yen as brisk sales of running shoes failed to offset a fall in demand for walking shoes and the negative impact of exchange rate moves.
0200 GMT
**KINKI SHARYO JUMPS ON HIGHER PROFIT FORECAST**
Shares of Kinki Sharyo Co jumped 8.4 percent to 825 yen after the maker of railway cars raised its operating profit forecast for the year to March by 20 percent to 7.9 billion yen, while lifting its sales estimate by nearly 2 percent.
The company cited better-than-expected progress on a project to supply railway cars for a Dallas train line, which has boosted both sales and margins.
0138 GMT
**CASIO ADVANCES AFTER RATINGS UPGRADE**
Casio Computer jumped 4.3 percent to 705 yen after Citigroup Securities upgraded its ratings on the electronics maker to 'hold/medium risk' from 'sell/medium risk'.
Citigroup has raise the target share price to 730 yen from 710 yen.
0114 GMT
**NTT DOWN AS OPERATING PROFIT DROPS**
Nippon Telegraph and Telephone Corp (NTT) lost 1.6 percent to 3,620 yen after it reported a first-half operating profit of around 647 billion yen ($7.2 billion) on Monday, a fall of 13.2 percent from the previous year.
0054 GMT
**TRADING FIRMS' SHARES JUMP AS OIL, METALS RISE**
Shares of trading companies such as Mitsui & Co Ltd and Marubeni rose as energy prices jumped more than 2 percent and gold prices reached a record high.
Prices of grain and base metals also rose sharply on Monday.
Mitsui rose 2.8 percent to 1,201 yen and Marubeni rose 1.8 percent to 464 yen.
0041 GMT
**TOSHIBAUP AFTER BID FOR AREVA TRANSMISSION BUSINESS**
Toshiba Corp rose 3.1 percent to 532 yen after it made a solo bid for French nuclear reactor builder Areva's transmission and distribution (T&D) business.
Toshiba was in talks with Abu Dhabi National Energy Co (Taqa) to create a consortium, but Taqa pulled out after failing to secure approval from majority owner the Abu Dhabi government, two people familiar with the matter said.
0014 GMT
(For IPO news, data and diary, click, for stocks click)
((chikafumi.hodo@thomsonreuters.com; +81-3-6441-1855; Reuters Messaging: chikafumi.hodo.reuters.com@reuters.net))
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Keywords: MARKETS JAPAN STOCKS HOT (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The following stocks were on the move:
**ISETAN MITSUKOSHI SLIPS AFTER H1 LOSS, RATINGS CUT**
Isetan Mitsukoshi Holdings, Japan's largest department store operator, fell 2.4 percent to 810 yen after posting a first-half operating loss and trimming its annual sales target on Monday amid a weak outlook for the ailing industry.
Nomura Securities cut its rating on the company to 'reduce' from 'neutral' and its target price to 780 yen from 900 yen, citing lowered earnings estimates as a result of greater-than-expected investment plans.
'We previously had a positive view of management's short-term cost reductions and potential for earnings growth as it leverages its extensive real estate holdings over the medium term,' wrote analyst Masafumi Shoda.
'Amid a strengthening decelaration in department store sales, however, the company has continued to increase strategic investments in store renovations and its credit card business,' he added.
0200 GMT
**ASICS STUMBLES ON FIRST-HALF PROFIT FALL**
Asics Corp plunged 9.7 percent to 710 yen after the shoe maker said its April-September operating profit fell 25.8 percent to 9.4 billion yen as brisk sales of running shoes failed to offset a fall in demand for walking shoes and the negative impact of exchange rate moves.
0200 GMT
**KINKI SHARYO JUMPS ON HIGHER PROFIT FORECAST**
Shares of Kinki Sharyo Co jumped 8.4 percent to 825 yen after the maker of railway cars raised its operating profit forecast for the year to March by 20 percent to 7.9 billion yen, while lifting its sales estimate by nearly 2 percent.
The company cited better-than-expected progress on a project to supply railway cars for a Dallas train line, which has boosted both sales and margins.
0138 GMT
**CASIO ADVANCES AFTER RATINGS UPGRADE**
Casio Computer jumped 4.3 percent to 705 yen after Citigroup Securities upgraded its ratings on the electronics maker to 'hold/medium risk' from 'sell/medium risk'.
Citigroup has raise the target share price to 730 yen from 710 yen.
0114 GMT
**NTT DOWN AS OPERATING PROFIT DROPS**
Nippon Telegraph and Telephone Corp (NTT) lost 1.6 percent to 3,620 yen after it reported a first-half operating profit of around 647 billion yen ($7.2 billion) on Monday, a fall of 13.2 percent from the previous year.
0054 GMT
**TRADING FIRMS' SHARES JUMP AS OIL, METALS RISE**
Shares of trading companies such as Mitsui & Co Ltd and Marubeni rose as energy prices jumped more than 2 percent and gold prices reached a record high.
Prices of grain and base metals also rose sharply on Monday.
Mitsui rose 2.8 percent to 1,201 yen and Marubeni rose 1.8 percent to 464 yen.
0041 GMT
**TOSHIBAUP AFTER BID FOR AREVA TRANSMISSION BUSINESS**
Toshiba Corp rose 3.1 percent to 532 yen after it made a solo bid for French nuclear reactor builder Areva's transmission and distribution (T&D) business.
Toshiba was in talks with Abu Dhabi National Energy Co (Taqa) to create a consortium, but Taqa pulled out after failing to secure approval from majority owner the Abu Dhabi government, two people familiar with the matter said.
0014 GMT
(For IPO news, data and diary, click, for stocks click)
((chikafumi.hodo@thomsonreuters.com; +81-3-6441-1855; Reuters Messaging: chikafumi.hodo.reuters.com@reuters.net))
((If you have a query or comment on this story send an email to news.feedback.asia@thomsonreuters.com))
Keywords: MARKETS JAPAN STOCKS HOT (Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com) COPYRIGHT Copyright Thomson Reuters 2009. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
