(Updates at 0630 GMT)

TOKYO, Nov 5 (Reuters) - Japan's Nikkei share average

ended higher on Tuesday, rebounding from a sharp decline on

Friday, led by stocks that reported robust outlooks.

The Nikkei rose 1.11% to close trade at 38,474.90

points, after opening 0.58% higher.

The index had declined 2.63% on Friday in its biggest daily

decline in a month. Markets were closed on Monday for a public

holiday.

The broader Topix was up 0.76% to 2,664.26.

Seiichi Suzuki, chief equity market analyst at Tokai Tokyo

Intelligence Laboratory, said investors clearly had more

appetite for the upside following the opening, which pushed the

early rally further.

"But the momentum will not last long as investors are

cautious until they confirm the results of the U.S. presidential

election. The Nikkei's volatility is still high," said Suzuki.

The Nikkei volatility index rose 4.49 points to

30.52, compared to its 75-day average of 27.7.

The Tokyo Stock Exchange (TSE) increased its trading hours

by 30 minutes to 1530 JST (0630 GMT) on Tuesday to try to boost

trading volumes.

Strategists, however, said the extended trading is unlikely

to help boost volumes in the long term.

Electronic components maker TDK surged 6% after the

raised its annual operating profit forecast on Friday to 220

billion yen ($1.45 billion), 27% higher than a year earlier.

Meanwhile, Nomura Holdings ( NMR ) jumped 10.61% after the

brokerage reported on Friday that it had more than doubled its

quarterly profit to the highest level in four years.

The brokerage sector rose 5.84% to become the top

performer among the TSE's 33 industry sub-indexes.

Sanrio ( SNROF ) surged 12.82% after the owner of the 'Hello

Kitty' brand raised its annual net profit forecast.

($1=152.21 yen)

(Reporting by Junko Fujita; Editing by Neil Fullick and Varun H

K)