Japan Earnings Wrap: Macnica, Canon, Koei Techmo Slide
Japanese stocks reporting earnings declined on Tuesday, led by electronic devices, imaging products, and video game makers.Macnica's (TYO:3132) shares plummeted 13% after reporting that first-quarter net income soared 114% to 10.9 billion yen or 61.20 yen per share. The electronic device and integrated circuit manufacturer's net sales jumped nearly 40% to 393.4 billion yen.For the full year ending March 31, 2027, the company expects attributable net income of 32 billion yen, net income per share of 179.21 yen and net sales of 1.3 trillion yen.Canon's (TYO:7751) shares fell nearly 6% after disclosing first-half results. Net income attributable to owners of the parent rose 9.8% to 171.2 billion yen for the six months ended June 30. The consumer imaging equipment maker's attributable net income per share rose to 197.36 yen while net sales jumped 3.5% to 2.275 trillion yen.For the full year ending Dec. 31, the company expects attributable net income of 340 billion yen, basic attributable net income per share of 398.51 yen and net sales of 4.8 trillion yen.The company expects to pay a year-end dividend of 80 yen per share for the current fiscal year.Koei Tecmo (TYO:3635) dropped 5% despite registering a sharp jump in fiscal Q1 earnings. Attributable profit jumped 87% to 11.3 billion yen or 33.97 yen per share while net sales gained 17% to 17.4 billion yen.The video game and entertainment company forecasts an attributable profit of 31 billion yen, basic EPS of 95.38 yen and net sales of 90 billion yen.
