4:30 PM Tokyo – Investors shifted focus to domestic earnings in trading in Japan. Softbank Corp nine-month net sales increased 41% and the wireless services provider reaffirmed its annual outlook. Rakuten, the largest online retailer in Japan estimated operating profit to rise 15% on the back of fast expanding market.
Stocks in Tokyo closed lower and the yen weakened. Investors remained on the edge after tensions in the euro zone rose as Greece’s leader stood firm on his demand to rollback austerity laid out at the time of international bailout of 240 billion euros.
The Nikkei 225 Stock Average slipped 59.25 or 0.3% to 17,652.68 and the broader Topix index fell 2.80 to 1,427.72.
The yen decreased to 118.92 against one dollar.
Stocks in Review
rose 0.5% to 2,049 yen after the oil and gas producer said net sales in the year ending in December climbed 48.8% to 378.5 billion yen from 254.4 billion yen a year ago period.
Net income in the year jumped 10.2% to 5.4 billion yen compared to 4.9 billion yen and diluted earnings per share jumped to 80.82 yen from 65.39 yen in the same period a year ago.
The company forecasted revenues for the fiscal 2015 to decline to 300 billion yen and net income to slump to 3 billion yen compared to fiscal 2014.
gained 1.3% to 1,688 yen after the online retailer forecasted operating profit for the year to jump 15% to more than 100 billion yen, amid a rapid expansion of online retail sales in domestic market.
slid 0.08% to 7,130 yen after the mobile communication service provider reported net sales in the nine-month period ending in December soared 41% to 6.43 trillion yen from 4.56 trillion yen a year ago period.
Net income in the year surged 92.3% to 1.07 trillion yen compared to 559.17 billion yen and diluted earnings per share climbed to 486.86 yen from 418.77 yen in the same period a year ago.
The mobile carrier reaffirmed fiscal year operating profit estimate unchanged at 900 billion yen and net sales of about 8 trillion yen.
fell 0.5% to 31,345 yen after the pneumatic equipment maker reported net sales in the nine-month period ending in December climbed 16% to 339.37 billion yen from 292.59 billion yen a year ago period.
Net income in the quarter jumped 25.9% to 84.65 billion yen compared to 67.23 billion yen and earnings per share increased to 1,258.21 yen from 991.54 yen in the same period a year ago.
slipped 1.6% to 793 yen after the construction company reported net sales in the nine-month period ending in December jumped 6.9% to 1.09 trillion yen from 1.02 trillion yen a year ago period.
Net income in the year soared 191.4% to 23.57 billion yen compared to 8.09 billion yen and diluted earnings per share advanced to 30.01 yen from 10.28 yen in the same period a year ago.