Japan Hot Stocks- Pioneer drops after projecting massive loss

TOKYO, Oct 9 (Reuters) - The benchmark Nikkei average

fell 0.6 percent and the broader TOPIX was 0.7 percent lower on Tuesday. The following stock was on the move:

**PIONEER CORP FALLS ON NET LOSS F'CAST, DEUTSCHE DOWNBEAT**

Pioneer Corp dropped 5.3 percent to 161 yen, a three-year low, after the car electronics company said after Friday's close that it would likely book a net loss of 4.8 billion yen ($61 million) in the six months ending Sept. 30, down from a previous forecast of 1 billion yen profit, due to a fall in the value of Sharp Corp shares that it owns.

Deutsche Securities said in a note that Pioneer would also likely have to cut its operating profit estimate for the year ending March 2013 as sales of optical disk drives, home AV and aftermarket car navigation systems may not have recovered.

0431 GMT ($1 = 78.1600 Japanese yen)

(Reporting by Sophie Knight; Editing by Jijo Jacob)

((sophie.knight@thomsonreuters.com)(+81 3 6441 1833)(Reuters Messaging: sophie.knight.thomsonreuters.com@reuters.net))

Keywords: MARKETS JAPAN STOCKS HOT/