Updated
Updated · MarketWatch · May 7Nagase & Co reports higher FY net profit
6 articles · Updated · MarketWatch · May 7
- For the year ended 31 March, net profit rose to Y33.12bn from Y25.52bn, while revenue increased to Y972.78bn from Y944.96bn.
- Operating profit climbed to Y44.73bn from Y39.08bn and pretax profit to Y44.10bn from Y38.38bn, with earnings per share rising to Y78.89 from Y57.60.
- The Japanese trading company said the results were prepared under Japanese accounting standards, showing broad year-on-year profit and sales growth.
Can a 190-year-old firm's pivot to semiconductors and biotech redefine Japan's role in the global tech race? Is Nagase's record performance a sustainable transformation or a peak before an energy crisis hits its profits?