Kyowa Electronic Insts first-quarter net profit rises
Updated
Updated · MarketWatch · May 7
Kyowa Electronic Insts first-quarter net profit rises
5 articles · Updated · MarketWatch · May 7
For the quarter ended 31 March, net profit reached Y551 million, while revenue rose to Y4.65 billion from Y4.51 billion and earnings per share increased to Y21.75.
Operating profit fell to Y633 million from Y709 million, and pretax profit slipped to Y647 million from Y698 million, despite the higher bottom-line result.
The Japanese company reported the figures under Japanese accounting standards, showing profit growth alongside mixed underlying profitability in its fiscal first quarter.
Is this Japanese firm's profit squeeze a warning sign for the entire global high-tech manufacturing sector?
As demand from AI and EVs fuels its sales, why is this tech firm’s core profitability shrinking?