TOKYO, July 23 (Reuters) - The following stocks are on the move on Tuesday. **MMC UP ON STRONG JUNE OUTPUT, SOFTENING YEN**
Mitsubishi Motors Corp (MMC) up 24 yen or 8.08 percent at 321, the biggest percentage gainer in the auto and auto parts sector. The Nikkei average was up 0.26 percent.
MMC said on Tuesday its domestic output rose 2.2 percent from a year earlier to 64,363 vehicles in June and its exports soared 41.9 percent to 36,759, better than output data from the other four major Japanese automakers.
A halt in the stengthening of the yen, which eats into exporters' overseas profits in yen terms and makes exports more expensive, also encouraged buying. 0600 GMT **CASIO COMPUTER UP, FOCUS ON NEW DIGITAL CAMERA**
Casio Computer Co Ltd, a manufacturer of digital watches and desktop calculators, up 48 yen or 7.17 percent at 717, with investors lured by the fast-expanding digital camera market.
Jiji news agency reported on Tuesday afternoon that Casio would launch its thin, pocket-size Exilim digital camera in the United States in September.
The same product was launched in Japan last month.
The stock earlier rose as high as 720 yen, a nine-month high, having climbed 16 percent since a business daily reported last week that Casio plans to double output of the Exilim to 100,000 units per month starting in August. 0530 GMT **SEVERAL TECHS ABOVE WATER, SOFTER YEN TAMES EARNINGS FEARS**
Shares in several high-tech exporters reversed early losses to go above water, with bears scrambling to cover short positions.
The dollar's relative stability at around 117 yen tamed fears that the yen's export-crimping rise would hurt Japanese high-tech exporters' earnings overseas in yen value.
PC and chip maker NEC Corp up 17 yen or 2.18 percent at 798, while Hitachi Ltd , Japan's biggest electronics maker, up 11 yen or 1.5 percent at 742.
They earlier came under pressure after yet another tumble on Wall Street.
Sony Corp , which earns two thirds of its sales outside Japan, fell as low as 5,210 yen, an eight-month low, before trading in late afternoon at 5,380 yen, down 10 yen or 0.19 percent from the previous close. 0516 GMT **ORIX DOWN ON CONCERNS OVER ITS GROWTH POTENTIAL**
Orix Corp down 350 yen or 4.17 percent at 8,040, a three-year low, underperforming a 0.45 percent rise in the Nikkei .
Business daily Nihon Keizai Shimbun reported on Tuesday that accountants in Japan will soon start discussions over accounting rules on leasing businesses, reviving concerns over growth potential at Japan's biggest leading company.
Masamitsu Ohki, a Deutsche Securities analyst, said in a report on Tuesday that a change to make the rules closer to those in the United States would swell borrowers' balance sheets and hurt their financial indicators.
Such a change would be expected to limit the overall value of lease transactions in Japan, a negative for Orix and its peers, Ohki said. His report in early June referring to Orix's financial disclosure raised concerns over a possible slowdown in profits. 0443 GMT **ADVANTEST HITS FRESH FIVE-MONTH LOW ON OVERSUPPLY WORRIES**
Advantest Corp down 3.05 percent or 210 yen at 6,680, after touching a five-month intraday low of 6,620 yen.
The Japanese chip equipment maker fell further than its peers following another rout on Wall Street after it said on Monday its shareholders will sell 2.7 million shares in U.S. and other overseas markets, igniting fears of oversupply.
The offering, which would represent 2.7 percent of total outstanding shares, includes one million shares held by Mizuho Holdings and 700,000 from Fujitsu Ltd . 0200 GMT **BANKS SOLID ON FOREIGN BUYING, WORLDCOM RELIEF**
Mizuho Holdings Inc up 2.89 percent at 285,000 yen. Sumitomo Mitsui Banking Corp , Japan's second biggest banking group, up 3.07 percent at 672 yen.
Bank shares are being bought back after recent short-selling and are benefiting from a portfolio asset reallocation by foreign fund managers, who are moving funds away from industries harmed by the stronger yen, traders said.
Investors were also relieved that Japanese banks had minimal exposure to number-two U.S. long distance carrier Worldcom Inc , which filed for bankruptcy protection on Sunday. 0151 GMT **JUSPHOTO SOARS ON FUJI FILM TAKEOVER BID**
Jusphoto Co Ltd up 19.02 percent or 390 yen at 2,440 yen, after touching a 34-month intraday high of 2,450 yen.
Buyers scrambled for Jusphoto shares after Fuji Photo Film Co Ltd said late on Monday it planned to launch a 16.34 billion yen tender offer to buy 6.62 million shares in the photo shop operator, a unit of Japanese retailer Aeon Co Ltd .
The Aeon group has agreed to sell its entire 70.23 percent stake in Jusphoto, Fuji said.
Fuji said it would buy Jusphoto's shares at 2,450 yen each -- a 19.5 percent premium on Monday's close.
Fuji Photo down 1.37 percent or 50 yen at 3,600 yen. 0118 GMT **UNION TOOL PLUNGES ON PROFIT OUTLOOK**
Union Tool Co Ltd down by 10.8 percent or 480 yen at 4,280 yen, after touching eight-month low of 4,260 yen.
Investors dumped shares of the manufacturer of piercing drills for printed circuit boards (PCBs) after Nihon Keizai Shimbun reported bearish profit outlook for the firm, traders said.
Union Tool's group operating profit for the year to November 2002 is set to fall 10 percent year-on-year to four billion yen ($34.36 million), down on a previous forecast of 4.9 billion yen, the paper said.
Union Tool has a 30 percent share of the world market for PCB drills. 0102 GMT **MEIKO NETWORK UP ON FORECAST DIVIDEND RISE**
Meiko Network Japan Corp up 3.3 percent or 30 yen at 940 yen.
Shares in the cram school operator were scooped up after it said after the close of trade on Monday it forecast a dividend of 18 yen for the year to August 2002, up on a previous forecast of 15 yen.
Cram school stocks have soared this year after the government cut school hours at public schools from April, prompting an increase in enrolments at private cram schools.
Shares in Meiko Network have risen 127 percent this year to date. 0044 GMT **NITTO DENKO SOLID ON ROSY PROFIT OUTLOOK**
Nitto Denko Corp up 1.6 percent at 3,820 yen, outperforming a 1.28 percent slide in the benchmark Nikkei average .
Shares in the producer of industrial and electronic materials attracted buyers after it said late on Monday it forecasts a group net profit of 9.1 billion yen for the six months to September 30, up from a previous forecast of 7.0 billion yen.
In the three months to June 30, group net profit more than doubled to 5.06 billion yen, the company said. 0036 GMT