TOKYO, Nov 20 (Reuters) - The benchmark Nikkei average fell 0.8 percent and the broader TOPIX was 0.3 percent lower on Friday.
The following stock was on the move:
**SONY FALLS AFTER ANNOUNCING NEW BUSINESS STRATEGY**
Sony shares fall 2.6 percent to 2,405 yen after it pushed back an elusive target of an operating profit margin of 5 percent to March 2013 and said it aims to make its videogame and TV operations profitable next year.
Sony's TV business is in its sixth straight year of losses as it struggles to compete with South Korean rivals such as Samsung Electronics Co Ltd, and analysts say it will be difficult for the unit to turn profitable soon.
0017 GMT
(Reporting by Tokyo bureau) ((Tokyo Markets Team; tokyo.markets@thomsonreuters.com; +81-3-6441-1872)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
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 stock was on the move:
**SONY FALLS AFTER ANNOUNCING NEW BUSINESS STRATEGY**
Sony shares fall 2.6 percent to 2,405 yen after it pushed back an elusive target of an operating profit margin of 5 percent to March 2013 and said it aims to make its videogame and TV operations profitable next year.
Sony's TV business is in its sixth straight year of losses as it struggles to compete with South Korean rivals such as Samsung Electronics Co Ltd, and analysts say it will be difficult for the unit to turn profitable soon.
0017 GMT
(Reporting by Tokyo bureau) ((Tokyo Markets Team; tokyo.markets@thomsonreuters.com; +81-3-6441-1872)) ((If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com))
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.
© 2009 AFX News
