Tokyo stocks seen snapping 4-day win streak

TOKYO, Oct 3 (Reuters) Tokyo stocks are seen snapping a four-day winning streak on Tuesday, with shares of Softbank Corp.

and other Nikkei heavyweights losing ground as investors bet they have risen too quickly in recent sessions.

Shares of Nomura Real Estate Holdings Inc. may be a focus for the market. Japan's fifth-largest property firm will make its market debut on Tuesday. The company set an IPO price at the top of its target range at 3,500 yen per share last month.

''Shares of companies that have a big weighting on the Nikkei are likely to see some selling as they have steadily advanced in recent sessions,'' said Toshihiko Matsuno, assistant general manager of investment research at SMBC Friend Securities.

''There is some concern about overheating,'' Matsuno said.

The Nikkei average rose to its highest close in nearly a month on Monday, ending up 0.79 percent at 16,254.29.

Internet firm Softbank has gained nearly 14 percent in the past five sessions. Fast Retailing Co. Ltd., another Nikkei heavyweight, has added more than 8 percent during the same period.

Nikkei futures pointed to a decline in the market on Tuesday.

Nikkei December futures closed at 16,210 in Chicago, a fall of 80 points from the Osaka finish.

The Nikkei average is likely to move between 16,000 and 16,200 on Tuesday, market participants said.

STOCKS TO WATCH -- Nittoc Construction Co. Ltd.

Contractor Nittoc Construction and lender Sumitomo Mitsui Financial Group Inc. will be the biggest gainers when the Tokyo exchange adjusts the weighting of stocks in the TOPIX index at the end of October, exchange data showed on Monday.

-- Ryohin Keikaku Co. Ltd.

Clothing and household goods maker Ryohin Keikaku posted a 3.1 percent rise in group net profit for the six months to August to 4.52 billion yen (.22 million). It expects a profit of 10.7 billion yen for the full year.

Revenues for the half year also rose 11.4 percent to 76.52 billion yen.

-- Ono Pharmaceuticals Co. Ltd. OS> The drug company said it would buy back up to 6 million shares, worth 3.5 billion yen, or 4.88 percent of its outstanding shares, from October 3 to March 23 next year.

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