August 12, 2022

By Kosaku Narioka Sanrio Co. shares rose sharply Wednesday morning after the owner of Hello Kitty posted strong first-quarter results and boosted its fiscal-year earnings guidance. The Japanese company's shares were recently 13% higher at 3,435 yen after rising as much as 16% earlier. Sanrio said Tuesday after market close that operating profit rose to Y2.38 billion ($17.9 million...