TOKYO, May 13 (Reuters) - Japan's Nikkei share average

recouped early losses on Wednesday to trade slightly higher as

memory chip maker Kioxia ( KXHCF ) rebounded, while the broader Topix

gained 1% as investors grew confident about the domestic

corporate outlook.

The Nikkei rose 0.3% to 62,930.2 by the midday break

after falling as much as 0.67% earlier. The broader Topix

rose 1.01% to 3,912.14.

"There are still uncertainties in the market, but domestic

firms have reported a relatively strong outlook," said Masahiro

Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset

Management.

"The market had expected companies to flag a modest outlook

(this earnings season), but it turned out that overall it was

not as weak as they had expected."

Shares of Olympus Corp ( OCPNF ) jumped 16.52% after the

medical equipment maker forecast annual net profit ahead of

market expectations and announced a share buyback plan.

Kioxia ( KXHCF ) rose 5.12% after early losses to become the

biggest source of the Nikkei's gain. Its gains covered the

losses of chip-related heavyweights Advantest ( ADTTF ) and Tokyo

Electron ( TOELF ), which fell 3.15% and 2.03%, respectively.

Kioxia ( KXHCF ), which joined the Nikkei 225 in April, saw trading

value of its shares hit 24 trillion yen ($152.20 billion) last

month, according to the Tokyo Stock Exchange, a record high

since the exchange created the prime market in its exchange

reform in 2022.

Fibre optic cable maker Furukawa Electric ( FUWAF ) surged

15.07%, extending gains from the previous session. It jumped 16%

on Tuesday after announcing a stock split.

Of the Nikkei members, 157 stocks rose, 65 fell and three

traded flat.

Trading firms rose, with Mitsubishi Corp ( MSBHF ) and Mitsui

& Co up 6.36% and 4.99%, respectively.

An index for trading houses jumped 4% to become

the top performer among the Tokyo Stock Exchange's 33 industry

sub-indexes.

Toyota Motor ( TM ) rose 2.2% after sixth-session losing

streak, while Honda Motor ( HMC ) gained 2.2%.

($1 = 157.6900 yen)

(Reporting by Junko Fujita; Editing by Subhranshu Sahu)