Nikkei registers its 4th weekly gain before long vacation

* Position of investors facing the 10-day holiday

* Anritsu finishes down 12.8%, Nintendo and Zozo down

* Investors are uncertain about the strength of the recovery in China

By Hideyuki Sano and Daniel Leussink

TOKYO, April 26 (Reuters) – Japan's Nikkei lost Friday against the disappointing results of high-tech companies and at the end of the holiday market to celebrate the enthronement of Crown Prince Naruhito.

The average Nikkei shares lost 0.22% to 22,258.73 points. For the week, the index rose 0.26%, its fourth consecutive week of gains.

Anritsu, one of the best-performing stocks in the past two years on demand for 5G, tumbled 12.8% after its cautious earnings outlook disappointed investors.

The company recorded a 16% decline in net profits during the year, which stood at 7.5 billion yen ($ 67.17 million), about 8% below the average badyst forecasts. Anritsu share prices had reached the 19-year high last month, having tripled in more than two years.

The poor results touched on other actions that benefited from the 5G theme.

Advantest, which forecast a 54% decline in operating profits from last year's record profits, was down 8.9%.

Weak indications from US chip makers Intel and Xilinx have sparked growing optimism that the worst has come for the sector, which has been hit by concerns over Canada-China trade wars.

"Judging by our audiences, the Chinese economy, including the semiconductor industry, seems to have bottomed out in January and February. But people are not sure about the strength of the recovery, "said Tetsuro Ii, president of Commons Asset Management.

"Whether it's a V-shaped, U-shaped or L-shaped, nobody really has a clear idea," he said.

Nintendo closed down 1.3% after the video game giant offered conservative earnings guidance and called for caution when deploying its Switch console in China.

Zozo lost 9.3% at the close, as the market has digested its latest results. The online fashion retailer said it expects earnings recovery for the current fiscal year after recording its first ever annual decline in profits.

Brokerage stocks struggled after low earnings, with Daiwa down 0.8% while Nomura posted a small gain of 0.2%.

Before the long break April 27 to May 6, many players were arguing the longest market closure in modern history. They did not want to be affected by the abrupt movements of world markets during this period.

Positive points included Hino Motors, which closed 4.4% after the truck builder announced earnings growth in the year ended March and the current year.

Kyocera finished up 4.9% after the company released optimistic forecasts and increased its dividend payout ratio from 10% to 50%.

The larger Topix finished from 0.15% to 1617.93 points. ($ 1 = 111.66 yen)