Updated
Updated · MarketWatch · May 8
Teikoku Sen-I reports higher first-quarter net profit
Updated
Updated · MarketWatch · May 8

Teikoku Sen-I reports higher first-quarter net profit

4 articles · Updated · MarketWatch · May 8
  • For the quarter ended 31 March, net profit rose to Y3.26bn from Y2.42bn, while revenue increased to Y19.77bn from Y15.32bn.
  • Operating profit climbed to Y4.07bn from Y2.88bn and pretax profit to Y4.69bn from Y3.42bn, with earnings per share rising to Y127.15.
  • Diluted earnings were Y126.43 versus Y92.46 a year earlier. The Japanese company said the results were prepared under Japanese accounting standards.
With soaring profits, why are shareholders accusing this Japanese company of destroying value with its cash?
Can one company's record earnings signal a solution to Japan's long-standing productivity paradox?
Is this firm's future in innovative fire trucks or its controversial multi-billion yen stock holding?