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Updated · MarketWatch · May 8YKT Corp returns to first-quarter net profit
2 articles · Updated · MarketWatch · May 8
- For the quarter ended 31 March, net profit was Y192 million, with revenue rising to Y5.59 billion from Y2.05 billion a year earlier.
- Operating profit reached Y210 million versus a Y154 million loss, while pretax profit climbed to Y283 million from a Y110 million loss.
- Per-share earnings improved to Y16.62 from a loss of Y10.94, with results prepared under Japanese accounting standards.
YKT's profits soared. Was it brilliant strategy or simply Japan's economic tailwind? As Japan and the US deepen ties, is YKT’s success the blueprint for a new industrial boom?