Asia
Jefferies Adjusts BayCurrent's Price Target to 8,500 Yen From 7,800 Yen, Keeps at Buy
BayCurrent (TYO:6532) has an average rating of buy and mean price target of 8,057.14 yen, according to analysts polled by FactSet.
TYO:6532
TYO:6532
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Asia
Japan Earnings Wrap: Toho, Baycurrent Gain, Ichigo Slides
Japanese listed companies reporting earnings traded mixed on Thursday, with gains led by entertainment and consulting firms, and renewable energy firms came under pressure.Toho's (TYO:9602) shares gained over 4% despite fiscal Q1 profit coming in lower. Profit attributable to owners of the parent fell 29% to 8.2 billion yen for the three months ended May 31.The entertainment company's basic earnings per share fell to 9.81 yen while operating revenue climbed 4.6% to 88.74 billion yen.For the fiscal year ending Feb. 28, 2027, the company expects an attributable profit of 41 billion yen, basic EPS of 49.22 yen, and operating revenue of 345 billion yen.BayCurrent's (TYO:6532) shares jumped nearly 8% after reporting improved fiscal Q1 figures. Attributable profit rose 19% to 10.7 billion yen while basic earnings per share increased to 70.99 yen.The management consulting company's net sales jumped 30% to 44.6 billion yen in the three months ended May 31.The company forecasts attributable profit of 48.1 billion yen, basic EPS of 323.79 yen, and net sales of 190 billion yen for the fiscal year ending Feb. 28, 2027.Ichigo (TYO:2337) shares fell more than 5% despite reporting net income surging 24% to 2.88 billion yen for the fiscal Q1.The renewable energy company's net income per share increased to 7.24 yen while revenue dropped 16% to 10.5 billion yen for the three months ended May 31.For the fiscal year ending Feb. 28, 2027, the company projects a net income of 18 billion yen, net income per share of 45.13 yen, and operating profit of 20.6 billion yen.
Nikkei 225TYO:2337TYO:6532TYO:9602
Asia
BayCurrent's Profit Jumps 19% in Fiscal Q1
BayCurrent's (TYO:6532) profit attributable to owners of the parent rose 19% to 10.7 billion yen for the fiscal first quarter from 9.02 billion yen a year earlier.The management consulting company's basic earnings per share increased to 70.99 yen from 59.32 yen a year ago, according to a Tokyo bourse filing on Wednesday.Net sales jumped 30% to 44.6 billion yen in the three months ended May 31 from 34.3 billion yen in the prior year.For the fiscal year ending Feb. 28, 2027, the company expects attributable profit of 48.1 billion yen, basic EPS of 323.79 yen, and net sales of 190 billion yen.The company plans to pay interim and year-end dividends of 65 yen per share each for the fiscal year, which is higher than the amounts paid in the prior fiscal year.Shares of BayCurrent fell nearly 7% at market close.
TYO:6532
Asia
BayCurrent Consulting Board Approves Treasury Share Disposal Under Restricted Stock Compensation Plan
BayCurrent Consulting (TYO:6532) board approved the disposal of 326,714 treasury shares at 5,530 yen per share, totaling 1.81 billion yen under its restricted stock compensation plan.The shares were allocated to three directors, excluding outside directors, and 198 employees as part of the company's scheme, according to a Wednesday filing on the Tokyo Stock Exchange.The disposal will be completed on July 17.
TYO:6532
Asia
Money Forward Jumps, Baycurrent Rises, Toho Falls as Japan Stocks Close Earnings Mixed
Japanese stocks that reported recent earnings mostly rose on Wednesday, in line with a broader market rally, with gains led by companies reporting strong profit growth and upbeat outlooks.Money Forward (TYO:3994) jumped 17% after reporting its first-quarter results, swinging to a profit attributable to owners of parent of 1.83 billion yen from a loss of 1.12 billion yen a year earlier, as revenue rose 25.3% to 14.67 billion yen. The company expects full-year profit attributable to owners of parent of a loss, alongside revenue of 53.40 billion yen to 57.55 billion yen.Baycurrent (TYO:6532) advanced 14% after posting full-year results, with profit attributable to owners of parent rising 23% to 37.84 billion yen and revenue increasing 27.8% to 148.33 billion yen. The company forecast profit attributable to owners of parent of 48.10 billion yen and revenue of 190 billion yen for the next fiscal year.Meanwhile, Toho fell 5% after reporting full-year earnings. Profit attributable to owners of parent rose to 51.77 billion yen from 43.36 billion yen as revenue climbed 15.2% to 360.66 billion yen, but the company forecast profit attributable to owners of parent of 41 billion yen and revenue of 345 billion yen for the next fiscal year.
TYO:3994TYO:6532TYO:9602
Asia
BayCurrent's Profit Rises 23% in Fiscal 2026
BayCurrent's (TYO:6532) profit attributable to owners of the parent rose 23% to 37.8 billion yen for the fiscal year 2026 from 30.8 billion yen a year earlier.The consulting firm's basic earnings per share increased to 249.16 yen from 202.16 yen a year ago, according to a Tokyo bourse filing on Tuesday.Revenue jumped 28% to 148.3 billion yen for the full year ended Feb. 28 from 116.1 billion yen in the prior year.It declared a final dividend of 50 yen per share for the fiscal year ended Feb. 28, payable from May 28.For the fiscal year 2027, the company expects attributable profit of 48.1 billion yen, basic EPS of 323.79 yen, and revenue of 190 billion yen.BayCurrent plans to pay interim and year-end dividends of 65 yen per share, each, for the current year, which is higher than the amount paid in the year-ago period.
TYO:6532
