Updated
Updated · MarketWatch · May 8
Trade Works returns to Q1 net profit
Updated
Updated · MarketWatch · May 8

Trade Works returns to Q1 net profit

3 articles · Updated · MarketWatch · May 8
  • The Japanese company posted net income of Y19 million for the quarter ended 31 March, after a Y97 million loss a year earlier.
  • Revenue rose to Y1.24 billion from Y893 million, while operating profit reached Y35 million and pretax profit Y36 million, versus losses in both measures last year.
  • Earnings per share improved to Y0.48 from a loss of Y2.72, with results prepared under Japanese accounting standards.
Does one company's profit signal the end of Japan's 'lost decades' and a new era of corporate growth?
Is Trade Works' turnaround a sustainable strategy or just a temporary ride on Japan's economic wave?