Japan Earnings Wrap: Renesas, Kioxia Rise; Fanuc, Toto Declines
Japanese stocks reporting earnings traded mixed on Monday, with gains led by computer chip and memory makers while robot and toilet manufacturers declined.Renesas Electronics' (TYO:6723) shares jumped 13% after its attributable profit reached 217.3 billion yen in the first half, reversing a loss a year earlier.The chipmaker's earnings per share were 117.47 yen while revenue increased 26% to 798.7 billion yen.For the nine months ending Sept. 30, Renesas forecasts non-GAAP revenue of 1.200 trillion yen to 1.215 trillion yen.Computer memory manufacturer Kioxia's (TYO:285A) shares climbed nearly 7% after earnings jumped to 842.2 billion yen for the fiscal first quarter.Earnings per share soared to 1,525.09 yen while revenue surged 415.5% to 1.767 trillion yen for the three months ended June 30.For the six months ending Sept. 30, the company expects an attributable profit of 2.112 trillion yen and revenue of 4.157 trillion yen.Fanuc's (TYO:6954) shares plummeted 18% despite fiscal first quarter earnings coming in higher. Attributable net income expanded 35% to 51 billion yen in the three months ended June 30.The industrial robot manufacturer's net income per share rose to 54.63 yen while net sales increased 18% to 231 billion yen.For the fiscal year ending March 31, 2027, Fanuc projects net income attributable to owners of the parent of 198 billion yen, or 212.18 yen per share, with net sales of 948.1 billion yen.Toto's (TYO:5332) shares slid over 9% despite a nearly 10% rise in attributable profit in the first fiscal quarter to 6.91 billion yen.The toilet manufacturer's earnings per share increased to 41.98 yen while net sales edged up 1.7% to 168.6 billion yen.The company expects an attributable profit of 46 billion yen, basic EPS of 279.78 yen, net sales of 785 billion yen, and a total dividend of 120 yen per share for the fiscal year ending March 31, 2027.
