For the year ended 31 March, net profit fell to Y2.69 billion from Y3.28 billion, while revenue rose to Y41.96 billion from Y38.67 billion.
Operating profit declined to Y3.67 billion from Y4.10 billion and pretax profit to Y3.59 billion from Y4.00 billion, indicating weaker profitability despite higher sales.
Earnings per share dropped to Y339.26 from Y413.20, and the annual dividend forecast was cut to Y40.00 from Y45.00 under Japanese accounting standards.
With sales rising, why is the Hormuz crisis causing this Japanese company’s profits and dividends to plummet?
As costs surge globally and at home, can Japanese firms innovate their way back to profitability?
How is the Mideast conflict forcing a painful economic reckoning for Japan's core industries and their supply chains?