TOKYO - The benchmark Nikkei average .N225 and the broader Topix .TOPX both fell 0.6 per cent on Thursday.
The following stocks were on the move:
**BUNKA SHUTTER 5930.T UP AFTER ANNOUNCING SHARE BUYBACK**
Bunka Shutter Co climbed 3.6 per cent to 228 yen after the shutter door maker said it plan to spend 750 million yen ($9.09 million) to buy back up to 4.4 per cent of its own shares. The company plans to buy back 3 million shares between Thursday and March 23. 0034 GMT
**TOBU RAILWAY AWASH WITH SELL ORDERS ON CAPITAL RAISING**
Tobu Railway 9001.T , a Japanese rail operator and property developer, was overwhelmed with sell orders 10.5 per cent below Wednesday's close of 407 yen, after it said it would raise as much as 93.2 billion yen ($1.13 billion) in a share offering to buy back convertible bonds maturing in 2014.
"The impact of the deals may be short-lived, but if there are more financing deals coming out due to a recent recovery in the stock market, further falls are likely," said Yutaka Miura, a senior technical analyst at Mizuho Securities.
Tobu, which is building the 634 metre (2,080 ft) Tokyo Sky Tree broadcasting tower, said it would sell up to 218.5 million new shares including a greenshoe option, potentially boosting the total number of shares outstanding by 25 per cent. 0026 GMT
**CSK AWASH WITH BUY ORDERS ON SUMITOMO CORP MOVE**
CSK Corp 9737.T , an information services company, was overwhelmed with buy orders after the Nikkei business daily reported that Sumitomo Corp 8053.T aims to buy a majority stake in the firm.
Sumitomo's ACA Investments, currently owns 36 per cent of CSK's outstanding shares, making it the company's largest stakeholder, the Nikkei said. (ID:nL3E7DN218)
CSK's share price was indicated at 359 yen, up 4.7 per cent from Wednesday's close. 0006 GMT