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Japan Hot Stocks-Honda, Cesar, Marudai, Chiyoda

TOKYO, March 25 (Reuters) - The following stocks are on the move on Tuesday. **HONDA DOWN DESPITE BOJ INCREASING SHARE-BUYING**

Auto maker Honda Motor Co Ltd, one of several issues heavily held by banks, down 5.25 percent at 4,150 yen as a decision by the Bank of Japan to expand its share-buying scheme to three trillion yen ($24.85 billion) from two trillion came as expected.

The scheme, aimed at absorbing the impact of share selling by the banks, was introduced last September. But with the Nikkei near 20-year lows, only half the current limit had been used by March 20.

Among other shares seen vulnerable to selling by banks, auto maker Toyota Motor Corp was down 3.41 percent at 2,830 yen, and videogame maker Nintendo Ltd Co Ltd was down 3.27 percent at 9,760 yen. 0520 GMT **CESAR DOWN BY LIMIT AFTER IT GOES UNDER**

Cesar Co ask-only at 17 yen, down by its daily limit of 30 yen or 64 percent. Shares in the condominium developer are being traded on the Tokyo bourse's reference section before the firm is delisted on April 25.

Cesar became the fourth listed domestic firm to fail this calendar year after saying late on Monday it had filed for court protection from creditors with 59.5 billion yen ($492.8 million) in debts. 0427 GMT **MARUDAI UP AFTER SAYS TO RESUME DIVIDEND PAYMENTS**

Marudai Food Co Ltd up 13.93 percent at 139 yen, the biggest percentage winner on the first section after the ham and sausage maker said late on Monday that it would pay a dividend of three yen per share in the year ending March 31.

Tuesday is the last day on which buyers are eligible to receive dividends for the 2002/03 fiscal year.

Marudai paid no dividend for the past two financial years. 0158 GMT **CHIYODA CONTINUES CLIMB ON IRAQ CONTRACT HOPES**

Chiyoda Corp up 3.59 percent at 317 yen after touching a two-year high of 318 on continued hopes that post-war reconstruction of Iraq's oilfields will create large-scale project opportunities for the plant engineering firm.

Chiyoda specialises in oil refining and petrochemical plants. 0134 GMT **WE'VE STARTS BELOW IPO PRICE IN JASDAQ DEBUT**

We've Inc first traded at 98,000 yen, 18.33 percent below its initial public offering price of 120,000 yen in the animation film producer's debut on the Jasdaq over-the-counter market.

By mid-morning the stock had firmed to 118,000 yen, 1.67 percent below its IPO price. Traders say the stock is likely to attract attention after Japanese animator Hayao Miyazaki won an Oscar on Sunday for best animated feature with the box-office hit "Spirited Away". 0113 GMT **SANKYO SEIKI DOWN AFTER WIDENING LOSS FORECAST**

Electronic components maker Sankyo Seiki Mfg Co Ltd down 9.57 percent at 170 yen after the company widened its group net loss forecast for the year ending March 31 to 9.8 billion yen ($81.17 million) from a previous estimate of 5.4 billion yen. 0057 GMT **KINUGAWA RUBBER SOARS AFTER HIKING PROFIT FORECAST**

Kinugawa Rubber Industrial Co Ltd up 15 percent at 115 yen after the car rubber parts maker on Monday forecast a group operating profit of 2.2 billion yen ($18.2 million) for the year ending March 31, raising its previous target of 1.7 billion yen.

Kinugawa Rubber was the top percentage gainer on the first section.

0031 GMT **MITSUI HOME DOWN AFTER FORECASTS NET LOSS**

Mitsui Home Co Ltd ask-only at 434 yen, 5.45 percent below Monday's close of 459, after the home builder affiliated with Mitsui Fudosan Co on Monday forecast a group net loss of 1.2 billion yen ($9.94 million) for the year ending on March 31.

That reversed its previous forecast of a 450 million yen profit. Mitsui Home blamed the revision on a special loss of 1.5 billion yen partly due to appraisal losses on its shareholdings.

0023 GMT **SONY , BLUE CHIPS FOLLOW U.S. PEERS DOWN**

Sony Corp down 1.75 percent at 4,480 yen and leading declines in blue-chip exporters after U.S. stocks sank three percent on concerns that the U.S.-led war to oust Saddam Hussein would not be easy. A protracted war could hit consumer sentiment in the United States, Japan's biggest export market.

Leading auto maker Toyota Motor Corp down 1.71 percent at 2,880 yen. Office equipment giant Canon Inc down 2.22 percent at 4,410 yen. 0016 GMT ($1=120.72 yen)