TOKYO, Jan 28 - The benchmark Nikkei average <.N225> fell 0.9 percent and the broader Topix <.TOPX> lost 1.1 percent on Friday.
The following stocks were on the move: **H2O RETAILING <8242.T> GAINS AFTER LIFTS PROFIT FORECAST**
Department store operator H2O Retailing Corp rose 4.4 percent to 616 yen after it lifted its annual operating profit forecast above analysts' estimates, helped by strong sales of winter clothing and lower costs than a year ago for rennovations to its Hankyu Umeda store in Osaka.
It now forecasts 9.7 billion yen, up from its previous estimate of 9 billion yen, and above an average estimate of 9.5 billion yen in a poll of 4 analysts by Thomson Reuters I/B/E/S.
H2O Retailing's operating profit surged by almost a third in the first nine months of its business year that began in April. 0200 GMT **CANON DOWN <7751.T>, OP PROFIT FALLS 1ST TIME IN 5 QUARTERS**
Canon Inc dropped 3.5 percent to 4,050 yen after the world's largest maker of digital cameras posted an operating profit of 82.8 billion yen for October-December, down 10 percent from a year earlier.
The year-on-year decline was Canon's first in five quarters, with revenue hit by a stronger yen and a high baseline the previous year, when sales jumped after the end of the financial crisis.
Canon was the most actively traded stock on the Tokyo Stock Exchange's main board and third biggest faller among the Nikkei 225 components.
Market players said the move was exaggerated as investors took profits after the stock closed 2.2 percent higher at 4,195 yen on Thursday before the company released its results. 0105 GMT **NINTENDO <7974.OS> FALLS AFTER WEAK Q3 EARNINGS**
Shares of Nintendo Co Ltd fell 1 percent to 22,310 yen after the firm reported a 46 percent fall in quarterly profit on Thursday, as sales of its ageing DS handheld device tumbled ahead of the launch of a new, 3D-capable model next month.
Nintendo's October-December operating profit totalled 104.6 billion yen , compared with 192.3 billion yen a year ago and lower than analysts' expectations of 118 billion yen.
For the year to March, Nintendo left its operating profit forecast at 210 billion yen, down from 356.6 billion yen the previous year and compared with a consensus of 203.5 billion yen in a poll of 25 analysts by Thomson Reuters I/B/E/S. [ID:nTOE70P06S] 0041 GMT **KOMATSU JUMPS ON FORECAST REVISION, STRONG Q3 RESULTS**
Shares in Komatsu Ltd <6301.T> jumped 3 percent to 2,520 yen after the construction machinery maker said on Thursday its group net profit in the nine months to Dec. 31 surged more than five times from a year earlier to 100.62 billion yen on strong sales in China and other emerging markets.
Komatsu also hiked its net profit forecast for the full year to March 31 by 16.7 percent to 140 billion yen, citing a pickup in demand for its products worldwide.[ID:nT27043T18]
It was the most actively traded stock by turnover on the Tokyo Stock Exchange's main board and the third-biggest gainer among the Nikkei 225 components. 0020 GMT **SONY GAINS ON NEW HANDHELD DEVICE**
Shares in Sony Corp <6758.T> gained 1.8 percent to 2,965 yen after it unveiled a new handheld gaming device on Thursday and announced it would make PlayStation games available on other makers' hardware, as it battles with Nintendo's <7974.OS> DS and tries to fend off competition from Apple Inc's iPhone.
Sony's new device, codenamed "NGP" for Next Generation Portable, features a 3G wireless data connection and a 5-inch organic light-emitting diode touch screen, as well as motion sensors and a rear touch panel. [ID:nTOE70Q05J] 0006 GMT (For IPO news, data and diary, click, for stocks click [.T])
The following stocks were on the move: **H2O RETAILING <8242.T> GAINS AFTER LIFTS PROFIT FORECAST**
Department store operator H2O Retailing Corp rose 4.4 percent to 616 yen after it lifted its annual operating profit forecast above analysts' estimates, helped by strong sales of winter clothing and lower costs than a year ago for rennovations to its Hankyu Umeda store in Osaka.
It now forecasts 9.7 billion yen, up from its previous estimate of 9 billion yen, and above an average estimate of 9.5 billion yen in a poll of 4 analysts by Thomson Reuters I/B/E/S.
H2O Retailing's operating profit surged by almost a third in the first nine months of its business year that began in April. 0200 GMT **CANON DOWN <7751.T>, OP PROFIT FALLS 1ST TIME IN 5 QUARTERS**
Canon Inc dropped 3.5 percent to 4,050 yen after the world's largest maker of digital cameras posted an operating profit of 82.8 billion yen for October-December, down 10 percent from a year earlier.
The year-on-year decline was Canon's first in five quarters, with revenue hit by a stronger yen and a high baseline the previous year, when sales jumped after the end of the financial crisis.
Canon was the most actively traded stock on the Tokyo Stock Exchange's main board and third biggest faller among the Nikkei 225 components.
Market players said the move was exaggerated as investors took profits after the stock closed 2.2 percent higher at 4,195 yen on Thursday before the company released its results. 0105 GMT **NINTENDO <7974.OS> FALLS AFTER WEAK Q3 EARNINGS**
Shares of Nintendo Co Ltd fell 1 percent to 22,310 yen after the firm reported a 46 percent fall in quarterly profit on Thursday, as sales of its ageing DS handheld device tumbled ahead of the launch of a new, 3D-capable model next month.
Nintendo's October-December operating profit totalled 104.6 billion yen , compared with 192.3 billion yen a year ago and lower than analysts' expectations of 118 billion yen.
For the year to March, Nintendo left its operating profit forecast at 210 billion yen, down from 356.6 billion yen the previous year and compared with a consensus of 203.5 billion yen in a poll of 25 analysts by Thomson Reuters I/B/E/S. [ID:nTOE70P06S] 0041 GMT **KOMATSU JUMPS ON FORECAST REVISION, STRONG Q3 RESULTS**
Shares in Komatsu Ltd <6301.T> jumped 3 percent to 2,520 yen after the construction machinery maker said on Thursday its group net profit in the nine months to Dec. 31 surged more than five times from a year earlier to 100.62 billion yen on strong sales in China and other emerging markets.
Komatsu also hiked its net profit forecast for the full year to March 31 by 16.7 percent to 140 billion yen, citing a pickup in demand for its products worldwide.[ID:nT27043T18]
It was the most actively traded stock by turnover on the Tokyo Stock Exchange's main board and the third-biggest gainer among the Nikkei 225 components. 0020 GMT **SONY GAINS ON NEW HANDHELD DEVICE**
Shares in Sony Corp <6758.T> gained 1.8 percent to 2,965 yen after it unveiled a new handheld gaming device on Thursday and announced it would make PlayStation games available on other makers' hardware, as it battles with Nintendo's <7974.OS> DS and tries to fend off competition from Apple Inc's
Sony's new device, codenamed "NGP" for Next Generation Portable, features a 3G wireless data connection and a 5-inch organic light-emitting diode touch screen, as well as motion sensors and a rear touch panel. [ID:nTOE70Q05J] 0006 GMT (For IPO news, data and diary, click
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