TOKYO, Oct 28 (Reuters) - The benchmark Nikkei average fell 0.7 percent, while the broader Topix lost 0.3 percent on Wednesday.
The following stocks were on the move:
**SEGA SAMMY JUMPS AFTER SMALLER H1 LOSS ESTIMATE**
Sega Sammy Holdings jumped 5.3 percent to 1,313 yen after the 'pachinko' pinball machine maker said it is likely to report far smaller first-half losses than previously estimated, thanks to cost-cutting and better-than-expected sales of slot machines, which have higher profit margins than pachinko machines.
The company said it now expects to report a 320 million yen operating loss for the six months ended in September, down from 12.5 billion yen loss in the previous estimate.
0200 GMT
**LEOPALACE21 DIVES AFTER WARNING OF ANNUAL LOSSES**
Leopalace21 Corp tumbled 15.3 percent to 532 yen after the real estate agent, which specialises in building and leasing apartments, said it expects annual losses as the economic downturn has led to a higher vacancy rate for its apartments.
It now projects a group net loss of 19.10 billion yen ($208.4 million) in the year to next March instead of a profit of 8.7 billion yen it had previously forecast.
0135 GMT
**SHIMANO PLUNGES AFTER CUTTING FULL-YEAR OUTLOOK**
Shimano Inc plunged 7.6 percent to 3,630 yen after the bicycle parts maker cut its full-year operating profit forecast by 18 percent, citing a slow recovery in demand. The firm said it now expects 20 billion yen in operating profit for 2009, down from 24.5 billion yen in the previous forecast.
0119 GMT
**KAO FALLS AFTER OUTLOOK CUT**
Kao fell 3.5 percent to 2,075 yen after Japan's top maker of toiletry goods on Tuesday slashed its earnings projections for the year to March 2010, citing a deeper-than-expected slump in cosmetics sales.
Deutsche Securities cut its rating on Kao to 'hold' from 'buy' and lowered the price target for the shares to 2,200 yen from 2,400 yen.
0042 GMT
**CANON SLIDES ON Q3 PROFIT DROP; RICOH DOWN**
Shares of Canon and Ricoh fell after the office equipment makers reported sharp falls in quarterly profit on sluggish copier demand as companies reined in spending.
Canon slid 3.4 percent to 3,460 yen, while Ricoh shed 0.5 percent to 1,250 yen.
Both Canon and Ricoh stood by their annual operating profit forecasts, which are down 62 percent and 46 percent, respectively, as they see no clear end to the current slump in office equipment demand.
0020 GMT
**HONDA BID HIGHER AFTER ALMOST TRIPLES OUTLOOK**
Honda Motor Co shares were untraded due to a glut of buy orders at 2,965 yen, up 4.2 percent from Tuesday's close after it surprised with a near tripling of its annual profit forecasts that some said may yet be conservative.
That would bump it further ahead of rivals thanks to a dominant motorcycle business and line-up heavy in small cars.
0010 GMT
(Reporting by Tokyo newsroom)
((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))
($1=91.63 Yen) 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 2009. 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:
**SEGA SAMMY JUMPS AFTER SMALLER H1 LOSS ESTIMATE**
Sega Sammy Holdings jumped 5.3 percent to 1,313 yen after the 'pachinko' pinball machine maker said it is likely to report far smaller first-half losses than previously estimated, thanks to cost-cutting and better-than-expected sales of slot machines, which have higher profit margins than pachinko machines.
The company said it now expects to report a 320 million yen operating loss for the six months ended in September, down from 12.5 billion yen loss in the previous estimate.
0200 GMT
**LEOPALACE21 DIVES AFTER WARNING OF ANNUAL LOSSES**
Leopalace21 Corp tumbled 15.3 percent to 532 yen after the real estate agent, which specialises in building and leasing apartments, said it expects annual losses as the economic downturn has led to a higher vacancy rate for its apartments.
It now projects a group net loss of 19.10 billion yen ($208.4 million) in the year to next March instead of a profit of 8.7 billion yen it had previously forecast.
0135 GMT
**SHIMANO PLUNGES AFTER CUTTING FULL-YEAR OUTLOOK**
Shimano Inc plunged 7.6 percent to 3,630 yen after the bicycle parts maker cut its full-year operating profit forecast by 18 percent, citing a slow recovery in demand. The firm said it now expects 20 billion yen in operating profit for 2009, down from 24.5 billion yen in the previous forecast.
0119 GMT
**KAO FALLS AFTER OUTLOOK CUT**
Kao fell 3.5 percent to 2,075 yen after Japan's top maker of toiletry goods on Tuesday slashed its earnings projections for the year to March 2010, citing a deeper-than-expected slump in cosmetics sales.
Deutsche Securities cut its rating on Kao to 'hold' from 'buy' and lowered the price target for the shares to 2,200 yen from 2,400 yen.
0042 GMT
**CANON SLIDES ON Q3 PROFIT DROP; RICOH DOWN**
Shares of Canon and Ricoh fell after the office equipment makers reported sharp falls in quarterly profit on sluggish copier demand as companies reined in spending.
Canon slid 3.4 percent to 3,460 yen, while Ricoh shed 0.5 percent to 1,250 yen.
Both Canon and Ricoh stood by their annual operating profit forecasts, which are down 62 percent and 46 percent, respectively, as they see no clear end to the current slump in office equipment demand.
0020 GMT
**HONDA BID HIGHER AFTER ALMOST TRIPLES OUTLOOK**
Honda Motor Co shares were untraded due to a glut of buy orders at 2,965 yen, up 4.2 percent from Tuesday's close after it surprised with a near tripling of its annual profit forecasts that some said may yet be conservative.
That would bump it further ahead of rivals thanks to a dominant motorcycle business and line-up heavy in small cars.
0010 GMT
(Reporting by Tokyo newsroom)
((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))
($1=91.63 Yen) 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 2009. 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.
