Aug 4 (Reuters) - Japanese stocks gained on Thursday,
tracking positive Wall Street sentiment overnight, as investors
reacted to earnings from key companies reported the previous
Japan's Nikkei share average was up 0.54% at
27,892.68 at the break after briefly breaking through the 28,000
barrier, which it hasn't closed above since June 9, 2022.
The broader TOPIX index was more muted, down 0.08%
at the break, after bouncing between positive and negative
Toyota Motor Co, Japan's largest automaker, is
scheduled to report its earnings later in the day. That appeared
to weigh on investors in early trading.
"There's a strong sense that people are waiting to see
Toyota's results," said a market participant at a domestic
Another automaker, Subaru Corp, was one of the best
performers on the Nikkei in the morning session, gaining 7.25%
after a positive earnings report and optimistic comments from
its president about future sales in the United States.
Of the Nikkei's 225 components, 91 made gains, 129 made
losses, and five were flat.
Casio Computer Co Ltd gained the most, adding 7.59%
after forecasting stronger profits for its current financial
Other technology companies helped the Nikkei after the
Philadelphia SE Semiconductor Index gained 2.65%
overnight. Sumitomo Electric Industries was up 5.32%
and Tokyo Electron Ltd added 3.62%.
The worst performer was Z Holdings Corp, the
operator of Yahoo Japan and Line, which fell 10.95% after
releasing its earnings.
Investors also eyed video game maker Nintendo after
it announced a year-on-year slump in Switch console sales, but
the stock only slid 0.09%. The company's forecast for the
current fiscal year remains unchanged.
(Reporting by Sam Byford and Tokyo markets team; editing by