FINWIRES · TerminalLIVE
FINWIRES

NHK Spring's Fiscal Q1 Attributable Profit Surges 75%

By

NHK Spring (TYO:5991) recorded a 75% rise in attributable profit in the first fiscal quarter to 15.7 billion yen from 8.98 billion yen a year prior.

Basic EPS was 77.63 yen, up from 44.24 yen in the year-ago period, according to a Thursday Tokyo bourse filing.

Net sales for the manufacturer of springs for vehicles increased 8.1% to 216.2 billion yen from 200 billion yen previously.

The company forecasts an attributable profit of 45 billion yen, basic EPS of 222.12 yen, net sales of 860 billion yen, and a total dividend of 69 yen per share for the fiscal year ending March 31, 2027.

Related Articles

Asia

Xiamen Tungsten to Avail of Up to 2.1 Billion Yuan of Wealth Management Products; Shares Rise 6%

Xiamen Tungsten (SHA:600549) will avail of wealth management products for up to 2.1 billion yuan, according to a Thursday filing with the Shanghai bourse.The funds will be sourced from idle proceeds from its cash management program, the tungsten materials supplier said in its filing.Shares rose 6% during the midday break on Thursday.

SHA:600549
Asia

Seiko Epson to Launch Up to 30 Billion Yen Share Buyback

Seiko Epson (TYO:6724) said its board agreed to launch an up to 30 billion yen buyback, repurchasing as many as 17 million common shares as part of its plan to drive growth investments and shareholder returns.The printer manufacturer said the share buyback will run from Aug. 7, 2026, through March 31, 2027, and all repurchased shares will be canceled, according to a Thursday filing on the Tokyo Stock Exchange.The buyback, to be conducted on the Tokyo Stock Exchange using the discretionary method, represents 5.31% of its outstanding shares excluding treasury stock.

TYO:6724
Asia

CPE Technology Unit to Buy Johor Land with Factory for MYR10 Million

CPE Technology's (KLSE:CPETECH) subsidiary, Champion Precision Technology, agreed to acquire a piece of freehold land with a factory in Johor, Malaysia, from Flomatic Industries, for 10 million ringgit, according to a Wednesday filing with Bursa Malaysia.The acquisition will be funded via proceeds from the company's initial public offering.The expansion is part of CPE's strategy to strengthen its manufacturing capabilities and expand production capacity.The transaction is expected to conclude by the second quarter of 2027, the filing said.

KLSE:CPETECH