Japan Earnings Wrap: Create Restaurants Climbs, Tsuruha Slips

Japanese listed companies reporting earnings traded mixed on Wednesday, with gains led by restaurant operators, but drugstore firms came under pressure. Create Restaurants' (TYO:3387) shares jumped 4% after reporting fiscal Q1 earnings. The restaurant's profit attributable to owners of the parent rose 6.2% to 2.22 billion yen in the three months. Earnings per share increased to 5.27 yen while revenue grew 3.5% to 43.3 billion yen. For the fiscal year ending February 2027, the company expects attributable profit of 5.7 billion yen, basic EPS of 13.54 yen, and revenue of 171 billion yen. Tsuruha's shares (TYO:3391) fell over 2% despite reporting higher fiscal Q1 net income. The drugstore company's net income attributable to owners of the parent rose 21% to 13.5 billion yen, though earnings per share declined to 29.70 yen. Net sales soared 134% to 636.9 billion yen in the three months ended May 31. The company forecasts an attributable profit of 41.5 billion yen, basic EPS of 91.62 yen, and net sales of 2.555 trillion yen for the fiscal year ending Feb. 28, 2027.