TOKYO, Feb 8 (Reuters) - The benchmark Nikkei average fell 0.3 percent and the broader Topix lost 0.2 percent on Monday.
The following stocks were on the move:
**J:COM TUMBLES AFTER SOURCE SAYS KDDI PLANS TO REDUCE STAKE**
Jupiter Telecommunications, known as J:Com, fell 10.2 percent to 85,400 yen after a source said KDDI Corp , Japan's No.2 phone operator, plans to reduce the stake it will buy in J:Com after regulators objected to KDDI's original plan.
KDDI had previously planned to buy U.S.-based cable operator Liberty Global's 37.8 percent stake in J:Com for about $4 billion in a big to challenge rival Nippon Telegraph and Telephon Corp's dominance in fixed lines in Japan.
KDDI shares rose 0.6 percent to 488,000 yen.
0119 GMT
**PANASONIC CORP FALLS DESPITE STRONG EARNINGS**
Panasonic lost 4.9 percent to 1,323 yen after the electronics maker on Friday said its quarterly profit jumped more than threefold to the highest level in five quarters as it cut costs and enjoyed robust TV sales, and lifted its outlook to beat market expectations.
Panasonic raised its operating profit forecast for the year to March to 150 billion yen from 120 billion yen, compared with a 72.87 billion yen profit a year earlier and just above the consensus for a 146.7 billion yen profit in a poll of 16 analysts by Thomson Reuters I/B/E/S.
Analysts said the market had largely factored in good results and so investors turned to profit-taking, with additional downward pressure from a stronger yen.
0042 GMT
**YAMAHA SLIDES AFTER SAYING IT EXPECTS BIGGER LOSS FOR 2009**
Yamaha Motor Co Ltd fell 6 percent to 1,179 yen after IT said on Friday it is likely to post a deeper loss than expected for 2009 as it books an additional 30.3 billion yen ($339.3 million) in restructuring charges to cope with a slow recovery in demand for its motorcycles in developed countries.
Yamaha shares sharply underperformed the transport subindex , which lost 1.1 percent.
0017 GMT
**TOYOTA UP AFTER PRESIDENT APOLOGISES, NEWS OF PRIUS RECALL**
Toyota Motor Corp edged up 0.8 percent to 3,340 yen after its president apologised on Friday for safety problems and said the automaker would bring in outside experts to review quality controls.
Investor relief that the automaker had announced concrete measures to deal with the crisis sent its U.S.-listed shares up by more than 4 percent
But in a sign that its recall woes continue, a dealer said on Sunday that Toyota has decided to recall its new Prius hybrid in Japan to fix a braking software glitch.
It is also considering a recall for Sai and Lexus gasoline-electric hybrid models that use the same brake system as the Prius, the Nikkei business daily said on its website.
0006 GMT
(Reporting by Tokyo newsroom)
((Elaine.lies@thomsonreuters.com; +81 3 6441 1807; Reuters Messaging:elaine.lies.reuters.com@reuters.net))
Keywords: MARKETS JAPAN STOCKS HOT (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) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
The following stocks were on the move:
**J:COM TUMBLES AFTER SOURCE SAYS KDDI PLANS TO REDUCE STAKE**
Jupiter Telecommunications, known as J:Com, fell 10.2 percent to 85,400 yen after a source said KDDI Corp , Japan's No.2 phone operator, plans to reduce the stake it will buy in J:Com after regulators objected to KDDI's original plan.
KDDI had previously planned to buy U.S.-based cable operator Liberty Global's 37.8 percent stake in J:Com for about $4 billion in a big to challenge rival Nippon Telegraph and Telephon Corp's dominance in fixed lines in Japan.
KDDI shares rose 0.6 percent to 488,000 yen.
0119 GMT
**PANASONIC CORP FALLS DESPITE STRONG EARNINGS**
Panasonic lost 4.9 percent to 1,323 yen after the electronics maker on Friday said its quarterly profit jumped more than threefold to the highest level in five quarters as it cut costs and enjoyed robust TV sales, and lifted its outlook to beat market expectations.
Panasonic raised its operating profit forecast for the year to March to 150 billion yen from 120 billion yen, compared with a 72.87 billion yen profit a year earlier and just above the consensus for a 146.7 billion yen profit in a poll of 16 analysts by Thomson Reuters I/B/E/S.
Analysts said the market had largely factored in good results and so investors turned to profit-taking, with additional downward pressure from a stronger yen.
0042 GMT
**YAMAHA SLIDES AFTER SAYING IT EXPECTS BIGGER LOSS FOR 2009**
Yamaha Motor Co Ltd fell 6 percent to 1,179 yen after IT said on Friday it is likely to post a deeper loss than expected for 2009 as it books an additional 30.3 billion yen ($339.3 million) in restructuring charges to cope with a slow recovery in demand for its motorcycles in developed countries.
Yamaha shares sharply underperformed the transport subindex , which lost 1.1 percent.
0017 GMT
**TOYOTA UP AFTER PRESIDENT APOLOGISES, NEWS OF PRIUS RECALL**
Toyota Motor Corp edged up 0.8 percent to 3,340 yen after its president apologised on Friday for safety problems and said the automaker would bring in outside experts to review quality controls.
Investor relief that the automaker had announced concrete measures to deal with the crisis sent its U.S.-listed shares up by more than 4 percent
But in a sign that its recall woes continue, a dealer said on Sunday that Toyota has decided to recall its new Prius hybrid in Japan to fix a braking software glitch.
It is also considering a recall for Sai and Lexus gasoline-electric hybrid models that use the same brake system as the Prius, the Nikkei business daily said on its website.
0006 GMT
(Reporting by Tokyo newsroom)
((Elaine.lies@thomsonreuters.com; +81 3 6441 1807; Reuters Messaging:elaine.lies.reuters.com@reuters.net))
Keywords: MARKETS JAPAN STOCKS HOT (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) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.