Japan Earnings Wrap: LY Gains; Yamato Slides

MT Newswires Live

Aug 04

LY (TYO:4689) shares gained nearly 5% after reporting higher earnings in the fiscal first quarter.

The internet company's net income attributable to owners of the parent jumped 19% to 58.1 billion yen in the three months ended June 30.

Earnings per share increased to 8.44 yen while revenue climbed 13% to 554 billion yen during the quarter under review.

For the fiscal year ending March 31, 2027, the company expects revenue of 2.240 trillion yen and an adjusted EPS of 30 yen.

Meanwhile, Yamato's (TYO:9064) shares dropped nearly 7% after its attributable loss for the fiscal first quarter widened to 5.89 billion yen.

The logistics firm's basic loss per share widened to 18.59 yen while operating revenue edged up 1.4% to 443.3 billion yen in the three months ended June 30.

For the fiscal year ending March 31, 2027, the company expects attributable income of 16 billion yen, basic EPS of 50.52 yen, and operating revenue of 1.918 trillion yen.

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