TOKYO: Japanese shares opened lower on Tuesday on a firmer yen and after a disappointing earnings report and outlook from Nintendo, brokers said.
The Nikkei index at the Tokyo Stock Exchange fell 0.53 percent or 51.48 points to 9,620.48 in the first minutes of trading. The Topix index of all first section shares declined 0.42 percent or 3.57 points to 837.11.
Investor sentiment was dampened after the videogame giant Nintendo said Monday its full-year net profit plunged 66.1 percent on a strong yen and a global sales slump, brokers said.
Nintendo dropped 4.67 percent or 950 yen to 19,380 in early trading.
"The overall market will remain directionless as investors brace for the US Federal Reserve's decision on monetary policy this week," Yumi Nishimura, deputy general manager at Daiwa Securities, told Dow Jones Newswires.
The decline came after US stocks traded mixed ahead of the Federal Reserve policy-setting meeting.
The Dow Jones Industrial Average dropped 26.11 points or 0.21 percent to finish at 12,479.88, but the tech-rich Nasdaq Composite rose 5.72 points or 0.20 percent to 2,825.88.
The dollar fetched 81.75 yen against 82.23 yen in Tokyo Monday.
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