(Updates at 0630 GMT)
TOKYO, Nov 11 (Reuters) - Japan's Nikkei share average
ended slightly higher on Monday, as gains were capped by
domestic firms' dim forecasts, with Sony ( SONY ) soaring on 73% rise in
its quarterly profit.
The Nikkei ended 0.08% higher at 39,533.32, while
the broader Topix inched down 0.09% at 2,739.68.
"A significant number of companies revised down their
outlook. That negative surprise has made investors cautious
about buying local stocks," said Shigetoshi Kamada, general
manager at the research department at Tachibana Securities.
"The market is awaiting the outcome of SoftBank (Group) and
banks to confirm the outlook trend."
Results of Honda Motor ( HMC ), which reported a surprise
15% drop in second-quarter operating profit last week, was
particularly a big surprise, said Kamada. The stock slipped
0.14% on Monday.
Nissan ( NSANF ) fell for a second session, falling 4.31%
after announcing last week it would cut 9,000 jobs and 20% of
its manufacturing capacity as it struggles with sales in China
and the United States.
Toyota ( TM ) slipped 0.34%.
Sony ( SONY ) jumped 6% after the audio equipment and game
maker's operating profit rose 73% in the July-September quarter.
Home appliances retailer Nojima ( NJMLF ) jumped 4.63% after
announcing it would buy Vaio, a computer business originally
owned by Sony ( SONY ), from an investment fund Japan Industrial
Partners.
Suzuki Motor ( SZKMF ) added 4.39% after raising its annual
operating and net profit forecasts for the year to March 2025.
Home security services provider Secom ( SOMLF ) fell 4.97% to
drag the Nikkei the most. Air conditioner maker Daikin
Industries ( DKILF ) shed 2.71%.
Of more than 1,600 stocks trading on the Tokyo Stock
Exchange's prime market, 42% rose, 55% fell and 2% traded flat.