The Japanese firm’s revenue fell sharply to 2.75 billion yen, down from 4.14 billion yen in the previous year. Operating profit also saw a steep decline, dropping to 30 million yen from 464 million yen. However, the company’s pretax profit rose to 919 million yen compared to 715 million yen a year earlier. These figures, calculated according to Japanese accounting standards, resulted in earnings per share of 130.64 yen, up from 98.53 yen.
In section Market Quotes
Micron Machinery Net Profit Climbs Despite Revenue Slump
Micron Machinery Co. Ltd. reported a net profit of 609 million yen for the nine-month period ending May 31, marking a significant increase from the 478 million yen recorded during the same period last year. Despite the bottom-line growth, the company faced a substantial contraction in top-line performance.
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