TOKYO, Oct 2 (Reuters) - The Nikkei average gained 0.3 percent and the broader Topix rose 0.4 percent on Tuesday morning.
The following stocks were on the move:
**SHIMAMURA FALLS AFTER DISAPPOINTING Q2 EARNINGS**
Shimamura Co Ltd dropped 2.4 percent to 8,590 yen after the clothing store chain reported a 3.9 percent drop in second-quarter earnings ended Aug. 20 compared with a year earlier due to higher costs.
The company posted a 4.1 percent rise in sales in the quarter versus the same period last year.
**NEXON HITS 4-WEEK HIGH AFTER ANNOUNCING ACQUISITION**
Nexon Co Ltd jumped 9.3 percent to 1,133 yen, hitting a four-week high after the online game provider said it would acquire gloops, a social applications company, for 36.5 billion yen, a move which traders said could help boost its mobile gaming business.
**ALPS ELECTRIC FALLS TO 3-YEAR LOW AFTER CUTTING GUIDANCE**
Alps Electric Co Ltd slumped 10.5 percent to 360 yen, hitting a three-year low after the electronic parts maker cut its operating profit forecast by 46 percent to 11.8 billion yen ($151 million) for the business year ending in March, citing higher material costs and a strong yen.
Alps Electric has fallen 31.6 percent this year, underperforming a 0.8 percent rise in the Topix.
0019 GMT ($1 = 78.0600 Japanese yen)
(Reporting by Dominic Lau; Editing by Chris Gallagher, Jijo Jacob and Prateek Chatterjee)
Keywords: MARKETS JAPAN STOCKS HOT/