Nikkei eases off 13-month high, consolidates gains

* Nikkei down 0.26%, Topix up slightly
* Doubts on U.S.-China deal, Hong Kong protest sour mood
* Investor look to future earnings recovery
* Honda, Nissan Chemical up as share buyback offset soft
earnings

By Hideyuki Sano
TOKYO, Nov 11 (Reuters) - Japanese shares consolidated their
gains on Monday after a strong rally over the past few weeks on
hopes of a U.S.-China trade deal, but fresh violence in Hong
Kong dampened sentiment.
The Nikkei share average .N225 slipped 0.26% to 23,331.84,
easing from a 13-month high hit on Friday, while the broader
Topix .TOPX ticked up 0.07% to 1,704.03, with advancers
outnumbering decliners by a ratio of 62 to 38.
U.S. President Donald Trump said on Friday he had not agreed
to a rollback of U.S. tariffs sought by China, raising some
doubts on the chance of a deal, though he said on Saturday that
trade talks were moving along "very nicely". Asian share markets were rattled by news fromn Hong Kong,
where media reported at least one protester was wounded after
police fired live rounds a day after officers used tear gas to
break up demonstrations that are entering their sixth month.
"Given the market has rallied without any corrections, it
needs some time for consolidation," said Takashi Hiroki, chief
strategist at Monex Securities.
"Japanese earnings results so far have not been great, with
about 70% of companies cutting estimates. But investors are
looking beyond the dips in the current year and to a likely
recovery after that," he said.
Honda Motor 7267.T rose 3.9% as the carmaker announced a
plan to buy back up to 1.9% of its own shares. That was more
than enough for investors to offset any disappointment from the
revision in its annual profit and global sales outlook to a
four-year low.
Likewise, Nissan Chemical 4021.T rose 9.9% after the
company cut its earnings guidance but also announced share
buybacks.
Regional lender Fukushima Bank 8562.T , trading at about a
quarter of its book value, rose 27.6% after public broadcaster
NHK reported it would form a capital and strategic tie-up with
Japanese internet brokerage giant SBI Holdings Inc 8473.T .
SBI Holdings dipped 0.5%.
Sushiro Global Holdings 3563.T jumped 6.8% to a record
high after the sushi restaurant chain operator announced solid
earnings and dividend hikes while security company Secom
9735.T also gained 3.9% after brisk earning growth in
July-September.
On the other hand, diaper maker Unicharm 8113.T , which has
had a high valuation, fell 7.7% as its earnings growth fell
short of market expectations.
Bridgestone 5108.T dipped 0.8% after the tyre maker cut
its annual profit outlook.
Amusement store operator Round One 4680.T dropped 13.5%
after it cut its annual profit estimate and posted a fall in
revenue in October, the first month after sales tax hike.

(Editing by Jacqueline Wong & Simon Cameron-Moore)