Department store Takashimaya's stock surges on Japan tourism boom

TOKYO -- Takashimaya climbed sharply on the stock market Friday after the department store chain upgraded its earnings outlook, thanks to the rush of tourists entering Japan.

After the markets closed in Tokyo Thursday, Takashimaya said it expects a consolidated net profit of 24.5 billion yen ($169 million) for the 12 months ending next February, 1.5 billion yen higher than the previous forecast.