01.04.201301:14:46UTC+00Japan stocks glide after 'tankan' survey result

Tokyo stocks shyly dropped in early trading action, Monday, opening a fresh Japanese fiscal year on a decline note. The Nikkei Stock Average shift down 0.3% to 12,361.83, with the Topix dropped a larger 0.7%, as a for the closely watched Bank of Japan "tankan" business-sentiment survey aid weigh on sentiment. With the tankan showing major manufacturers still pessimistic, Sony Corp. misses 1.2%, Olympus Corp. declined 1.4%, and Panasonic Corp. diving 0.9% after said one of the firm's U.S. units was under investigation over possible bribery. Broker shares also lost their good grips, with Daiwa Securities Group Inc. trading 2.1% down and Nomura Holdings Inc. decreasing 1.6%, while transports likewise suffered, with Mitsui O.S.K. Lines Ltd. off track 2.3% and Japan Airlines Co. gave up 1.3%. On the upside, Toyota Motor Corp. surge 0.2% after a Nikkei news report stating its earning for the just-ended fiscal year would be above expectations, while Advantest Corp. continues its run with a 2.5% progress.