津田駒工業's share price traded at around ¥800 from the end of September, while trading volume surged on 5 October, rising 212% from the previous day to 63,300 shares. As of 6 October, interim results showed revenue of ¥16.525 billion, an operating loss of ¥89 million and an ordinary loss of ¥87 million, with progress toward the full-year recovery the focus.
The share price remained range-bound at around ¥800 from 29 September to 6 October, with no clear direction emerging over the past 5 trading days. Trading volume increased significantly on 5 October.
Interim results showed revenue of ¥16.525 billion, with higher revenue and profit in the machine tools business offsetting the decline in textile machinery. The full-year forecast was unchanged at revenue of ¥36 billion, operating profit of ¥500 million, ordinary profit of ¥300 million and net profit of ¥100 million.
By segment, interim revenue was ¥13.311 billion for textile machinery, down 9.3% year on year, and ¥3.213 billion for machine tools, up 19.0% year on year, making it difficult for the share price to move in one direction overall.
The interim dividend was ¥0, and the dividend forecast for the next period was also ¥0, indicating that the policy of prioritising earnings recovery in financial management remains in place.