Updated
Updated · MarketWatch · May 11
Chofu Seisakusho first-quarter net profit rises
Updated
Updated · MarketWatch · May 11

Chofu Seisakusho first-quarter net profit rises

5 articles · Updated · MarketWatch · May 11
  • The Japanese company posted net profit of Y804 million for the quarter ended 31 March, up from Y558 million, while revenue increased to Y11.14 billion from Y10.97 billion.
  • Operating profit more than doubled to Y537 million from Y247 million, and pretax profit rose to Y1.15 billion from Y852 million.
  • Earnings per share increased to Y23.67 from Y16.43, with the results prepared under Japanese accounting standards.
Can Chofu's record profits withstand Japan's forecasted stagflation and the shock of rising global energy prices?
With cash exceeding its market value, will Chofu become a prime target for Japan's emboldened activist investors?