Fujitsu, Oriental Land, JR Central Slide as Japan Stocks Close Earnings Lower
Japanese stocks that reported recent earnings mostly fell on Thursday, tracking a broader market decline, with losses led by companies issuing cautious outlooks despite solid full-year performance.Fujitsu (TYO:6702) slumped 14% after reporting full-year results. Profit attributable to owners of parent more than doubled to 449.41 billion yen, even as revenue edged down 1.3% to 3.503 trillion yen. The company forecast profit attributable to owners of parent of 310 billion yen for the next fiscal year, down 31%, alongside revenue of 3.51 trillion yen.Oriental Land (TYO:4661) dropped 10% after posting full-year earnings. Profit attributable to owners of parent slipped 1.8% to 121.88 billion yen, while revenue rose 3.7% to 704.54 billion yen. The company projected profit attributable to owners of parent of 113.80 billion yen for the next fiscal year, down 6.6%, with revenue expected at 724.31 billion yen.Central Japan Railway (TYO:9022) declined 8% after reporting full-year results. Net income attributable to owners of parent rose 20.6% to 552.87 billion yen as operating revenue increased 9.5% to 2.006 trillion yen. The company expects declines across key metrics in the next fiscal year, forecasting net income attributable to owners of parent to fall about 19% alongside weaker operating income and revenue.