Money Forward Jumps, Baycurrent Rises, Toho Falls as Japan Stocks Close Earnings Mixed

MT Newswires Live04-15

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.

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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.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"HEWJ","symbol_name":"日本ETF汇率对冲-iShares","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2627477081","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2627477081","pubTimestamp":1776227471,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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