TOKYO, Nov 12 (Reuters) - Japan's Nikkei share average
rose slightly on Wednesday, with losses in SoftBank countering
gains in some AI-theme stocks, while Sony Group ( SONY ) helped the
broader Topix notch a fresh high on robust annual profit
forecast.
The Nikkei was up 0.1% at 50,881.59, as of 0143 GMT.
The broader Topix rose to a record 3,362.43 and was last
up 0.95% at 3,353.25.
SoftBank Group fell 5.16% after the technology
investor disclosed its sale of Nvidia ( NVDA ) stake for $5.8
billion.
Heavyweight chip-related shares fell, with Advantest ( ADTTF )
and Tokyo Electron ( TOELF ) down 1.99% and 1.87%,
respectively.
"The optimism surrounding artificial intelligence-related
shares is still alive as investors scooped up AI-related shares
with strong outlook," said Hitoshi Asaoka, chief strategist at
Asset Management One.
Mitsui Kinzoku ( XZJCF ), a maker of materials for data
centres, surged 19% after raising its annual profit forecast by
75%.
Sony ( SONY ) rose 3% after the game and audio equipment
maker raised its operating profit forecast for the year ending
March 2026 by 8%.
Bank shares rose, with Mitsubishi Financial Group
and Sumitomo Mitsui Financial Group ( SMFG ) gaining 2.8% and
1.79%, respectively.
All but three of the Tokyo Stock Exchange's (TSE) 33
industry sub-indexes rose, with the pharmaceutical sector
rising 2.44% to become the top performer.
Of the more than 1,600 stocks trading on the TSE's prime
market, 85% rose, 13% fell and 1% traded flat.
Sumco ( SUMCF ) tanked 19.96% to become the biggest
percentage loser on the Nikkei, after the silicon producer
forecast a 16.9 billion yen annual net loss, bigger than
analysts' expectations of a 5.2 billion yen loss.