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Japan Hot Stocks-Airlines, Toyo Construction, Sony, JAFCO

TOKYO, March 20 (Reuters) - The following stocks are on the move on Thursday: **AIRLINES UP -- IATA PRICE RISE**

Japan Airlines System Corp , Japan's top airline, up 2.49 percent at 247 yen after industry sources said the International Air Transport Association (IATA) had decided to raise regular fares on international flights by three percent due to high fuel costs.

All Nippon Airways Co Ltd up 2.16 percent at 236.

Japan Airlines and ANA plan to file for permission for the fare increase from the Transport Ministry. 0128 GMT **TOYO CONSTRUCTION TUMBLES AFTER CUTTING F'CAST**

Toyo Construction down 16.67 percent at 45 yen and the biggest percentage loser on the first section after the contractor slashed its group net profit forecast for the year ending March 31 by 56 percent to 700 million yen ($5.82 million). 0119 GMT **SONY , EXPORTERS UP AS YEN WEAKENS**

Sony Corp up 2.3 percent at 4,450 yen, leading a rise in blue chip exporters after the dollar rose to a one-month high of 120.65 yen overnight on hopes for a swift and decisive war in Iraq.

Second-ranked automaker Honda Motor Co Ltd up 3.16 percent at 4,240 yen, while Fuji Photo Film Co Ltd up 2.49 percent at 3,710. 0100 GMT **JAFCO SLIDES ON WIDER LOSS FORECAST FOR 2002/03**

JAFCO Co Ltd down 4.93 percent at 4,440 yen after Japan's largest venture capital firm said on Wednesday it expects a group net loss of 7.00 billion yen ($58.2 million) for the year to March 31, nearly double its earlier estimate of 3.7 billion yen.

The company also cut its sales outlook to 24.5 billion yen from 26.00 billion yen. 0053 GMT **ISHIKAWAJIMA DOWN AFTER SAYS TO HALVE DIVIDEND**

Ishikawajima-Harima Heavy Industries Co Ltd down 1.75 percent at 112 yen after the heavy machinery maker said on Wednesday that it planned to slash its dividend to 1.5 yen per share in the current year to March 31.

The company paid a 3.0 yen dividend in 2002/03. 0043 GMT **TEIKOKU OIL , AOC DOWN ON OIL PRICE FALL**

Teikoku Oil Co Ltd, Japan's second-largest oil producer, down 1.92 percent at 408 yen after oil closed below $30 for the first time in three months in the New York market on Wednesday as dealers braced for an impending U.S.-led invasion of Iraq.

Number-one ranked AOC Holdings Inc down 4.01 percent at 550 yen, while major distributor Showa Shell Sekiyu KK jumped 6.22 percent to 751 yen. Distributors are hurt if they cannot pass on higher crude prices to customers. 0015 GMT ($1=120.26 yen)