Japan Hot Stocks-Toshiba Machine, chips, Nissan


TOKYO, Aug 26 (Reuters) - The following stocks are on the move on Monday.


Toshiba Machine Co Ltd down 8.36 percent or 26 yen at 285 after the machine tools maker on Friday cut its earnings forecast for the six months to September and the full year to March 2003 due to poor demand in the United States and Japan.

Toshiba now sees a net profit of 1.10 billion yen ($9.20 million) for the year to next March, compared with a previous estimate for a profit of 1.70 billion, with its sales forecast for the year cut by 10 billion yen to 110 billion. 0025 GMT


Advantest Corp, a maker of chip testing devices, down 3.38 percent at 6,280 yen after a six percent tumble on Philadelphia's semiconductor index and paring a seven percent jump on Friday.

Raising concerns about the capital spending outlook for Japan's chip equipment makers, Bear Stearns on Friday cut its earnings estimates on Intel Corp , saying the world's largest chip maker was facing sluggish demand for computers.

Tokyo Electron Ltd , Japan's top maker of chip equipment, down 3.21 percent at 6,040 yen, while the nation's top chipmaker, Toshiba Corp , dropped 1.35 percent to 437. 0015 GMT **NISSAN MOTOR UP ON RECORD PROFIT REPORT**

Nissan Motor Co Ltd up 0.68 percent or 6 yen at 886, outperforming a broad market decline after a newspaper report that Japan's third-largest automaker will likely post a record group operating profit for the first half to September.

The Nihon Keizai Shimbun business daily said on Saturday Nissan will likely post a 48 percent rise in operating profit to 280 billion yen in the six months to September thanks to brisk sales of new models in Japan and the Altima sedan in the U.S. 0003 GMT ($1=119.52 yen)



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