Nikkei posts 4th weekly gain ahead of long holiday


* Investors square positions ahead of 10-day holiday

* Anritsu ends down 12.8 pct, Nintendo, Zozo drop onearnings

* Investors uncertain on strength of China recovery

By Hideyuki Sano and Daniel Leussink

TOKYO, April 26 (Reuters) - Japan's Nikkei fell on Fridayfollowing disappointing earnings from high-tech firms and asmarket players wound down for a 10-day holiday to celebrate theenthronement of Crown Prince Naruhito.

The Nikkei share average .N255 lost 0.22 percent to22,258.73 points. For the week, the index rose 0.26 percent, itsfourth straight week of gains.

Anritsu6754.T , one of the best performing shares in thepast two years on hopes of 5G-related demand, tumbled 12.8percent after its cautious earnings guidance disappointedinvestors.

The firm saw a 16 percent fall in net profits in the year toMarch to 7.5 billion yen ($67.17 million), about 8 percent belowmean analysts forecast. Anritsu shares prices had hit 19-yearhighs last month, having tripled in over two years.

The poor results hit other shares that have benefited from5G theme.

Advantest6857.T , which forecast a 54 percent fall inoperating profits this financial year from record profits in theprevious year, ended down 8.9 percent.

Weak guidance from U.S. chipmakers IntelINTC.O and XilinxXLNX.O dented growing optimism that the worst is over for thesector, which has been hit by concerns over Sino-U.S. tradewars. urn:newsml:reuters.com:*:nL3N2274Z5urn:newsml:reuters.com:*:nL3N227349

"Judging from our hearings, the Chinese economy, includingthe semi-conductor sector, does appear to have bottomed out inJanuary and February. But people are not sure how strong arecovery it will be," said Tetsuro Ii, president of CommonsAsset Management.

"Whether it will be a V-shaped recovery, or U-shaped orL-shaped, nobody really has a clear idea," he said.

Nintendo7974.T closed 1.3 percent lower after the gaminggiant offered conservative earnings guidance and urged cautionon the roll-out of its Switch console in China.

Zozo3092.T was down 9.3 percent at the close as themarket digested its latest earnings. The online fashion retailersaid it expects profits to recover in the current fiscal yearafter booking its first-ever annual drop inearnings. urn:newsml:reuters.com:*:nL3N2271OJ

Shares of brokerage firms struggled after weak earnings,with Daiwa8601.T ending down 0.8 percent, while Nomura 8604.T carved out a small gain, of 0.2 percent.

Many players were squaring positions ahead of the longholiday from April 27 through May 6, the longest market closurein modern history, not wanting to be hit by sudden moves inglobal markets during this period.

Among the bright spots was Hino Motors7205.T , whichclosed up 4.4 percent after the truck maker announced profitgrowth in the financial year that ended in March and the currentyear.

Kyocera6971.T ended 4.9 percent higher after the companygave upbeat guidance and raised its dividend payout ratio by 10percentage point to 50 percent.

The broader Topix .TOPX finished 0.15 percent lower at1617.93 points.($1 = 111.66 yen)

(Editing by Kim Coghill) ((hideyuki.sano@thomsonreuters.com; +81 3 6441 1827; ReutersMessaging: hideyuki.sano.thomsonreuters.com@reuters.net))




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