FINWIRES · TerminalLIVE
FINWIRES

NEC's Profit Climbs 157% in Fiscal Q1

By

NEC (TYO:6701) profit attributable to owners of the parent climbed 157% to 49.7 billion yen for the fiscal first quarter from 19.3 billion yen a year earlier.

The IT company's earnings per share rose to 37.47 yen from 14.49 yen a year ago, according to a Tokyo bourse filing on Wednesday.

Revenue increased 15% to 819.8 billion yen for the three months ended June 30 from 715.7 billion yen a year earlier.

For the fiscal year ending March 31, 2027, the company expects attributable profit of 290 billion yen, EPS of 218.65 yen, and revenue of 3.540 trillion yen.

NEC plans to pay interim and year-end dividends of 20 yen per share each for the current fiscal year.

Shares of NEC rose nearly 3% at market close.

Related Articles

Asia

Jinhui Signs Sale-and-Leaseback Deals for Two Bulk Carriers

Jinhui (HKG:0137) has entered into sale-and-leaseback arrangements for two bulk carriers under construction, according to a Tuesday Hong Kong bourse filing.The company will sell each vessel to a unit of ICBC Financial Leasing for up to $18 million and lease them back under separate five-year bareboat charter agreements.The vessels, each with a deadweight of about 64,500 metric tonnes, are expected to be delivered in February and March 2028.

HKG:0137
Asia

BOE Technology Controlling Shareholder to Boost Ownership

BOE Technology (SHE:000725) said its controlling shareholder, Beijing Electronics, plans to purchase company shares worth 500 million yuan to 1 billion yuan over the next six months, according to a Wednesday filing with the Shenzhen bourse.

SHE:000725
Asia

CapitaLand India Trust Spends 30% of Private Placement Proceeds

CapitaLand India Trust (SGX:CY6U) has used SG$45.6 million, representing 30.4% of the gross proceeds of the private placement conducted earlier this year, according to a Wednesday filing to the Singapore stock exchange.Of the SG$100 million earmarked to part fund the ongoing development and construction as part of its acquisition of Building 1 of Ebisu in Bangalore, India, the manager used SG$37.3 million.The company also used SG$5.7 million of the SG$47.4 million allotted to part fund the ongoing development and construction of and acquisition of an office project in Bangalore from Maia Estates Offices.It also used SG$2.6 million to pay all the fees and expenses tied to the private placement.The company's shares were up nearly 2% in recent trade.

SGX:CY6U