TOKYO, Jan 25 (Reuters) - The benchmark Nikkei average fell 1.2 percent and the broader TOPIX slipped 0.9 percent on Monday.
The following stocks were on the move:
**TOKYO STEEL SINKS AFTER SURPRISE LOSS WARNING**
Shares of Tokyo Steel Manufacturing Co, Japan's top maker of construction steel, tumbled 8.3 percent to 925 yen after warning on Friday that it would post an annual operating loss due to higher materials costs, dashing analysts' expectations for a profit.
0029 GMT
**CANON RISES AFTER MEDIA REPORT OF UPBEAT EARNINGS**
Canon inched up 0.7 percent to 3,795 yen, bucking falls in shares of other tech firms, after the Nikkei business daily reported the company's operating profit appears to have topped initial forecasts and hit 215 billion yen ($2.4 billion) for the year ended December, due to robust camera demand.
0017 GMT
(Reporting by Aiko Hayashi)
((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=90.04 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 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:
**TOKYO STEEL SINKS AFTER SURPRISE LOSS WARNING**
Shares of Tokyo Steel Manufacturing Co, Japan's top maker of construction steel, tumbled 8.3 percent to 925 yen after warning on Friday that it would post an annual operating loss due to higher materials costs, dashing analysts' expectations for a profit.
0029 GMT
**CANON RISES AFTER MEDIA REPORT OF UPBEAT EARNINGS**
Canon inched up 0.7 percent to 3,795 yen, bucking falls in shares of other tech firms, after the Nikkei business daily reported the company's operating profit appears to have topped initial forecasts and hit 215 billion yen ($2.4 billion) for the year ended December, due to robust camera demand.
0017 GMT
(Reporting by Aiko Hayashi)
((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=90.04 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 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.
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