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Japan Hot Stocks-Don Quijote, ABC-Mart, CSK, Eisai

Reuters - Friday, July 3

TOKYO, July 3 - The benchmark Nikkei average <.N225> fell 1.4 percent and the broader Topix <.TOPX> lost 1.1 percent on Friday.

The following stocks were on the move: **DON QUIJOTE <7532.T> UP, CREDIT SUISSE RAISES TARGET PRICE**

Discount retailer Don Quijote Co Ltd rose 0.9 percent to 1,938 yen after Credit Suisse analyst Dairo Murata raised the target price for the company's shares to 2,050 yen from 1,400 yen.

While keeping a "neutral" rating on the stock, Murata said in a research note that the share price could rise further, adding that the forthcoming full-year results, company guidance and improvement in earnings at supermarket unit Nagasakiya were all positives. 0419 GMT **ABC-MART <2670.T> DOWN AFTER POOR SAME-STORE SALES FIGURES** Shoe store chain ABC-Mart Inc fell 2.2 percent to 2,465 yen after the company said on Thursday that its June existing store sales fell 4.1 percent year-on-year, citing poor weather and the fact that there was one fewer Sunday in the month compared to last year. 0141 GMT **CSK <9737.T> JUMPS ON CAPITAL INJECTION PLAN**

CSK Holdings Corp jumped 5.6 percent to 474 yen after the financial services firm said it would raise about 15 billion yen to shore up its balance sheet through a placement of preferred shares to a fund management company, whose major shareholders include Sumitomo Corp <8053.T>.

The company's capital base was hurt badly after it suffered large impairment losses on its property securitisation businesses and other financial operations for the year ended in March. 0132 GMT **EISAI <4523.T> FALLS AFTER BROKERAGE DOWNGRADE**

Drugmaker Eisai Co Ltd <4523.T> lost 4.3 percent to 3,320 yen after Nikko Citigroup downgraded it to "3M" from "1M" , citing the fact that the company's Aricept Alzheimer's drug will not receive approval from the U.S. Food and Drug Administration for pediatric use and will not get a six-month extension from the patent expiry date.

Eisai said on Thursday that it had received a notice from the FDA that there were insufficient grounds to issue a Written Request to obtain pediatric exclusivity, which Nikko Citigroup analyst Hidemaru Yamaguchi termed a negative surprise.

Yamaguchi wrote in a report that forecasts for Eisai had been based on the assumption that the patent expiry of Nov. 25, 2010, would be extended by six months, but that they were now revising them down. 0108 GMT **JAPAN AIRLINES DOWN AFTER REPORT OF FREIGHT RATE HIKE**

Japan Airlines <9205.T> lost 2.1 percent to 183 yen after the Nikkei business daily reported that the company, Asia's biggest carrier by revenue, will seek a 30 percent jump in international freight rates from the middle of July as part of measures to bolster such operations. [ID:nBNG529143] 0039 GMT **OIL-RELATED SHARES DROP AFTER CRUDE PRICE TUMBLE**

Shares of oil and gas field developer Inpex <1605.T> and other oil-related shares drop after crude oil prices fell nearly 4 percent on Thursday, battered by swelling fuel stocks and a bigger-than-expected rise in U.S. unemployment that raised fears about economic recovery. [O/R]

U.S. crude <CLc1> edged down 33 cents on Friday, falling towards $66 a barrel.

Inpex lost 3.1 percent to 724,000 yen, oil distributor Nippon Oil <5001.T> shed 2.4 percent to 527 yen, and fellow distributor Showa Shell Sekiyu <5002.T> slipped 2.5 percent to 980 yen. 0023 GMT **SEVEN & I <3382.T> TUMBLES AFTER Q1 PROFIT DECLINES

Seven & I Holdings slid 5.4 percent to 2,180 yen after it reported a 17.5 percent drop in first-quarter profit as cost-cutting failed to offset sharp sales declines at its department stores and supermarkets. [ID:nT83976]

Seven & I and its rivals are suffering as consumers defer buying clothing and non-essential items or defect to cheaper speciality stores such as casual apparel chain Uniqlo, which on Thursday reported strong sales growth in June. 0015 GMT

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