Stocks in Japan traded sideways after Japan Tobacco lifted its annual outlook and Dainippon Screen Manufacturing indicated weak orders in the current quarter. After the close, Toyota Motor reported better than expected unit sales and rising revenues.
Stocks in Japan traded mixed as European leaders haggle to bring a quick resolution to the ongoing debt talks in Greece and Japan Tobacco reported better than expected outlook.
Stocks meandered in the early morning trading but were anchored in consumer stocks and edged slightly higher with the broader Topix Index reached a 5-month peak.
The Nikkei 225 Stock Average fell 0.1% to 8,917.52 and the broader Topix index increased 0.4% to 772.77.
After the close, Toyota Motor reported nine month net income declined 57.5% to 162 billion yen or $2.12 billion and revenues fell 10% to 12.88 trillion yen.
The global auto maker also estimated worldwide unit sale of 7.41 million to March, 30,000 units higher than its December forecast and estimated revenues in the full-year period of 18.3 trillion yen.
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