FINWIRES · TerminalLIVE
FINWIRES

Yamato Kogyo's Profit Rises 108% in Fiscal Q1

By

Yamato Kogyo (TYO:5444) posted a 107.9% year-over-year increase in profit attributable to owners of the parent to 12.29 billion yen for the three months ended June 30 from 5.91 billion yen.

The Japan-based steel manufacturer's basic earnings per share increased to 205.71 yen from 95.70 yen a year ago, according to a Tokyo Stock Exchange filing on Friday.

Net sales remained flat at 39.2 billion yen.

In a separate filing, the company raised its forecast for the fiscal year ending March 31, 2027, with an attributable profit of 57.50 billion yen, EPS of 962.30 yen, and net sales of 178 billion yen.

Related Articles

Asia

ASE Technology's Q2 Profit Shoots Up as Revenue Rises 27%

ASE Technology's (TPE:3711) attributable profit surged to NT$21.1 billion in the second quarter from NT$7.52 billion a year earlier.Diluted earnings per share rose to NT$4.61 from NT$1.70 a year earlier.Revenue climbed 27% year over year to NT$191.1 billion due to higher semiconductor assembly, testing and electronic manufacturing services sales. On a sequential basis, revenue increased 10%.Gross margin improved to 21% from 20% in the first quarter, while operating margin rose to 11% from 10%, it said.

TPE:3711
Asia

Fitch Affirms Sinochem at A, Stable Outlook

Fitch Ratings affirmed Sinochem International's (SHA:600500) long-term foreign-currency issuer default rating and senior unsecured rating at A-, with a stable outlook, the ratings firm said Thursday.The new ratings reflected the state-owned firm's parent, Sinochem Holdings Corporation, which was rated with "Low" legal, "Medium" strategic, and "High" operational incentives to support Sinochem.The ratings firm decided to withdraw the ratings due to commercial reasons.

SHA:600500
Asia

Cinda Securities H1 Profit Up 7%, Revenue Rises 20%

Cinda Securities (SHA:601059) posted first-half attributable net profit of 1.10 billion yuan, up 7.2% from 1.02 billion yuan the previous year.Earnings per share were unchanged at 0.30 yuan, according to a filing with the Shanghai bourseOperating revenue climbed 20% year over year to 2.44 billion yuan from 2.04 billion yuan.Shares of the brokerage were down 1% in recent trade.

SHA:601059