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.
