Create Medic reports lower first-quarter net profit
Updated
Updated · MarketWatch · May 7
Create Medic reports lower first-quarter net profit
5 articles · Updated · MarketWatch · May 7
For the quarter ended 31 March, net profit fell to Y153 million from Y209 million, while revenue rose to Y3.36 billion from Y3.22 billion.
Operating profit dropped to Y140 million from Y221 million, pretax profit slipped to Y169 million from Y215 million, and earnings per share declined to Y18.40 from Y24.38.
Diluted earnings per share were Y16.58, versus not available a year earlier, and the results were prepared under Japanese accounting standards.
As war and price cuts erode margins, can Japan’s medical device industry survive this profitability crisis?
With sales rising but profits falling, is Create Medic's global expansion a brilliant strategy or a costly gamble?