日精機's consolidated results for April-June 2024 showed net profit expanding 2.2-fold year on year to ¥1.51 billion. Revenue was ¥76.383 billion and operating profit was ¥2.181 billion, while progress against the initial full-year plan was only 15.2%.
日精機's consolidated results for the first quarter (April-June) showed net profit rising 2.2-fold year on year to ¥1.51 billion, with revenue of ¥76.383 billion and operating profit of ¥2.181 billion. Calculated under IFRS, EPS was ¥3.3.
However, the progress rate against the full-year plan was 15.2%, below the five-year average of 22.6%, excluding loss-making periods. Performance trends will therefore need to be assessed in light of the initial full-year outlook.
The operating margin on sales for April-June improved to 2.6% from 2.0% a year earlier, as profit growth continued. Based on the latest three months, revenue continued to expand, but profit growth remained dependent on progress for the full fiscal year.
Future performance may be affected by the outlook for the first half of the current fiscal year and changes in market conditions. Investors will focus on medium- to long-term earnings stability and the company's dividend policy.