Japanese stocks reporting earnings traded mixed on Thursday, with gains led by automatic test equipment makers and technology and engineering firms while power tools manufacturers declined.
Advantest's (TYO:6857) shares advanced 12% after reporting a 93.8% year-over-year increase in net income attributable to owners of the parent to 174.78 billion yen for the first quarter ended June 30.
The automatic test equipment manufacturer's basic earnings per share rose to 241.27 yen while net sales jumped 39.3% to 367.47 billion yen for the quarter under review.
Advantest raised its forecasts for the fiscal year ending March 31, 2027, with an attributable income of 660 billion yen, EPS of 911.64 yen, and net sales of 1.714 trillion yen.
Hitachi's (TYO:6501) shares gained 5% after first quarter net income came in slightly lower at 189.5 billion yen. The technology and engineering firm's earnings per share were 42.21 yen, while revenue climbed 20% to 2.71 trillion yen for the three months ended June 30.
Makita's (TYO:6586) shares fell 10% despite first-quarter earnings climbing 19% to 22.9 billion yen for the fiscal first quarter.
The power tool manufacturer's basic earnings per share rose to 88.70 yen while revenue rose 10.7% to 206.6 billion yen for the three months ended June 30.
For the fiscal year ending March 31, 2027, the company expects attributable profit of 81 billion yen, basic EPS of 314.22 yen, and revenue of 820 billion yen.