Nikkei slips on profit-taking, JGC Corp tumbles

JGC plunged 13% after forecasting dismal profit

Japan's Nikkei average fell on Wednesday, slipping from a 1-1/2-week high on profit-taking after big gains the previous day, while JGC Corp tumbled after forecasting dismal profit.

The benchmark Nikkei ended 0.1% lower at 14,405.76.

Engineering company JGC plunged 13% and contributed 17.55 hefty negative points to the Nikkei after saying it expects a net profit of 42 billion yen for the year ending March 2015, a 11% drop on year.

The broader Topix added 0.4% at 1,183.15 and the new JPX-Nikkei Index 400 advanced 0.4% at 10,767.97.