In the morning session of August 12, Square Enix Holdings hit a new year-to-date high. The company's first-quarter operating profit rose 88.6% year-on-year to 17 billion yen, with sales and profit in its HD games business growing significantly, which was well received. There is also speculation that Nomura Securities raised its target price from 2,300 yen to 2,950 yen. Meanwhile, Sanrio posted record-high revenue and operating profit in its first-quarter results, but the figures fell short of market expectations, leading to a sharp decline. Profit-taking dominated as the stock had hit a year-to-date high before the earnings announcement.
Square Enix Holdings Co., Ltd.First-quarter operating profit jumped 88.6% and Nomura raised target price.
Sanrio Co. Ltd.Record revenue and operating profit but missed market expectations, leading to sharp decline.
