Nagase & (8012) · FactRevenue growth and a sharp profit decline
Revenue and profit growth, with record-high first-quarter profit, FY2023-Q1
First written in FY2023-Q1. . Latest entry: FY2024-Q1.
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First-quarter record profit with higher revenue and profitA theme 1 companies write about · 0 as a headwind · 1 as a tailwind
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- FY2024-Q1Revenue growth and a sharp profit declineAnnual report
「Revenue was ¥224,062 million, up 2.0% year on year; operating profit was ¥6,955 million, down 36.0%; ordinary profit was ¥7,338 million, down 36.4%; and quarterly net profit attributable to owners of the parent was ¥4,367 million, down 45.2%.」
In FY2024-Q1, revenue increased 2.0% year on year due in part to the weaker yen, while operating profit and all lower profit measures declined due to a lower gross profit margin, higher SG&A expenses, and increases in interest expenses and valuation losses on investment securities, among other factors. - FY2023-Q1First statedAnnual report
「For the first quarter of the current fiscal year, the Group as a whole achieved record first-quarter profit at every level from gross profit downward.」
In FY2023-Q1, revenue was ¥219,571 million, operating profit was ¥10,871 million, ordinary profit was ¥11,542 million and quarterly net profit attributable to owners of the parent was ¥7,969 million, representing year-on-year increases of 19.1%, 11.6%, 8.3% and 11.2%, respectively.