Japan Hot Stocks-Real estate developers, banks, Kyowa Hakko

TOKYO, Nov 25 - The benchmark Nikkei average <.N225> and the broader TOPIX <.TOPX> were both flat on Wednesday.

The following stocks were on the move: **DEVELOPERS DROP AFTER ANABUKI CONSTRUCTION FAILURE**

Daikyo Inc <8840.T> dropped 2.9 percent to 168 yen and shares of other apartment developers sank after unlisted Anabuki Construction went under in Japan's fifth-biggest corporate failure this year, showing the severe situation the country's real estate market is in.

Anabuki, which filed for corporate rehabilitation proceedings with debts totaling about 140 billion yen, said it was hurt by a sharp fall in profitability amid slow apartment sales, and higher land and construction prices.

Shares of Takara Leben <8897.T> lost 5 percent and the real estate sector's subindex <.IRLTY.T> was down 2.2 percent, becoming one of the biggest losers among the Tokyo bourse's 33 sub-indexes. 0152 GMT **BANKS FALL AMID WORRIES ABOUT MORE FUNDRAISINGS**

Shares of banks fell, after a brief bounce, on persistent fears they will have to tap the market for equity financing after Mitsubishi UFJ Financial Group <8306.T>, Japan's largest bank, last week announced a large fundraising.

MUFG slipped 1.1 percent to 453 yen, while No. 3 bank Sumitomo Mitsui Financial Group <8316.T> retreated 0.7 percent to 2,670 yen.

0118 GMT **KYOWA HAKKO KIRIN <4151.T> UP ON REPORT OF UPBEAT EARNINGS**

Kyowa Hakko Kirin gained 1.7 percent to 954 yen after the Nikkei business daily reported the company's chemicals segment will likely return to profitability on an operating basis in the October-December period due to a recovery in exports to China. 0055 GMT **NISHIMATSUYA <7545.T> FALLS AFTER SHARP SALES DECLINE**

Nishimatsuya Chain Co Ltd fell 1.9 percent to 778 yen after the child apparel retailer said same-store sales fell 12.1 percent for the around 30-day period that ended on Nov 20, hit by weak sales of winter clothing. 0038 GMT **SHIPPERS SLIP AFTER KEY FREIGHT INDEX EXTENDS FALL**

Shares of shipping firms fell after the Baltic Exchange's main sea freight index <.BADI>, which tracks rates to ship dry commodities, fell further on Tuesday as weak demand for hiring bigger capesize ships hurt sentiment. [ID:nGEE5AN2KL]

Nippon Yusen KK <9101.T> fell 1.7 percent to 284 yen, while Mitsui O.S.K. Lines Ltd <9104.T> declined 1.6 percent to 498 yen. 0024 GMT ((aiko.hayashi@thomsonreuters.com; Reuters Messaging: aiko.hayashi.reuters.com@reuters.net; +81 3 6441 1802)) ((If you have a query or comment on this story send an email to news.feedback.asia@thomsonreuters.com)) ((Multimedia versions of Reuters Top News are now available for: * 3000 Xtra : visit http://topnews.session.rservices.com * BridgeStation: view story .134 * Reuters Plus: from your WebDSS screen For more information on Top News, visit http://topnews.reuters.com))