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Japan Hot Stocks-Tokai Rubber, Japan Airlines, Tokyo Gas, Koito

TOKYO, March 28 (Reuters) - The following stocks are on the move on Friday. **TOKAI RUBBER UP AFTER GOLDMAN RATES IT OUTPERFORM**

Tokai Rubber Industries Ltd up 2.86 percent at 1,224 yen after Goldman Sachs said on Friday it had started coverage on the maker of automobile-use vibration absorbent rubber with an "outperform" rating, citing hopes for rapid profit growth. 0443 GMT **JAPAN AIRLINES DOWN ON AMERICAN AIR BANKRUPTCY FEARS**

Japan Airlines System Corp down 3.63 percent at 239 yen after sources told Reuters on Thursday that American Airlines, a unit of AMR Corp , may file for bankruptcy as early as next week.

American is the U.S. code-sharing partner for Asia's largest airline on over 1,000 North American flights a week.

A spokesman at Japan Airlines Co (JAL) -- which merged with Japan Air System last year to form Japan Airlines System -- said it had not received any news about a possible bankruptcy filing from AMR, but if American Airlines were to go bust and cut flights then JAL's North American network would take a hit.

Another factor weighing on the share price was that Moody's Investors Service said on Thursday it had placed the Ba1 senior unsecured long-term ratings of Japan Airlines Co Ltd under review for possible downgrade, citing concerns about Iraq and the weak business environment in Japan. 0437 GMT **TOKYO GAS SOLID AFTER REPORT TO BEAT FORECAST**

Tokyo Gas Co Ltd up 1.65 percent at 370 yen after the Nihon Keizai Shimbun said on Friday that Japan's top city gas supplier would beat its earnings forecasts for the year ending this month.

Tokyo Gas will post a group current profit -- which is pre-tax and excludes some extraordinary items -- of 90 billion yen ($750.2 million), surpassing its forecast of 83 billion yen on higher sales due to a colder-than-expected winter and cost cuts, the newspaper said. 0159 GMT **KOITO UP AFTER RAISING FORECASTS**

Koito Manufacturing Co Ltd up 4.32 percent at 483 yen after Japan's largest maker of automotive lighting equipment on Thursday raised its dividend and parent-only earnings forecasts for the year ending this month.

The Toyota Motor Corp affiliate raised its 2002/03 dividend forecast to 10 yen from eight yen. 0125 GMT **KAWAI MUSICAL SOARS ON DIVIDEND RESUMPTION HOPES**

Kawai Musical Instruments Manufacturing Co Ltd up 21.5 percent to 130 yen, the biggest percentage gainer and most heavily traded stock on the Tokyo Stock Exchange first section.

The world's second-largest maker of musical instruments was boosted by a report on Thursday by Tachibana Securities saying Kawai Musical could resume dividends in the business year beginning next month. **ATLUS SOARS, TAKARA TO TAKE STAKE**

Atlus Co Ltd up 12.39 percent at 635 yen after Japan's second-biggest toymaker, Takara Co Ltd, said on Thursday it would acquire a 30.2 percent stake in the small games maker for 1.95 billion yen ($16.25 million) by mid-April.

Takara said the acquisition of the stake in Atlus -- best known for its photo-sticker arcade machines that are hugely popular among Japanese schoolchildren -- was aimed at bolstering its character merchandising business.

Takara shares were up 2.41 percent at 721 yen. 0036 GMT **CHORI JUMPS ON AID PACKAGE REPORT** Chori Co Ltd up 14.29 percent at 56 yen after a Nihon Keizai Shimbun report that the ailing textile trading firm would receive a financial aid package totalling 30 billion yen ($250 million) from shareholders Asahi Kasei Corp and Toray Industries Inc and creditor banks.

Chori, which had said in February it would seek the financial assistance, said the details of the report had not come from the company. It said it would make an announcement on its aid request once something final had been decided. 0016 GMT ($1=119.95 yen)