(Updates for market close)

By Brigid Riley

TOKYO, Feb 10 (Reuters) - Japan's Nikkei share average

ended nearly flat on Monday as investors weighed fresh U.S.

tariff threats, although a smooth meeting between Japan's prime

minister and U.S. President Donald Trump eased some investor

concerns.

The Nikkei closed up just 0.04% at 38,801.17 after a

choppy session, while the broader Topix shed 0.2% to sit

at 2,733.01.

Steelmakers narrowed losses to end down 0.2% with

Nippon Steel ( NISTF ) sliding 0.5%, after Trump said he would

announce new 25% tariffs on Monday on all U.S. steel and

aluminium imports.

While a negative for companies that export steel and

aluminium to the United States, similar tariffs were implemented

during Trump's first time in office, limiting the surprise

factor, said Tomo Kinoshita, global market strategist at Invesco

Asset Management Japan.

"However, I think caution towards additional tariffs... will

continue, and financial markets will likely continue to be

sensitive," he said.

Investors were relieved after Japanese Prime Minister

Shigeru Ishiba's first White House summit on Friday passed

without major incident.

The meeting between Ishiba and Trump came off well, offering

some support to Japanese equities, said Hiroshi Namioka, chief

strategist at T&D Asset Management.

The United States has yet to announce any tariffs

specifically targeting Japan, and while Trump pressed Ishiba to

close Japan's annual trade surplus with Washington, he expressed

optimism this could be done quickly.

"When looking at the global picture, I believe Japan is in

quite a good position," said Namioka.

Japanese markets will be closed on Tuesday for a public

holiday.

Among individual shares, earnings produced some of the

biggest percentage winners, with Taiyo Yuden ( TYOYF ) surging

22.1% after the firm announced an upward revision to its

earnings forecast on Friday.

E-commerce and gaming company DeNA ( DNACF ) climbed 23.1%,

and Fujikura ( FKURF ), which makes fibres used by data centres,

jumped 7.1%.

Heavyweights Fast Retailing and SoftBank Group

dragged on the Nikkei, declining 1.2% and 1.9%,

respectively.

(Reporting by Brigid Riley; Editing by Tom Hogue, Rashmi Aich,

Subhranshu Sahu and Mrigank Dhaniwala)