The automotive parts manufacturer faced mounting pressure on its margins throughout the fiscal period. Operating profit declined to 7.87 billion yen compared to 8.61 billion yen a year earlier, while pretax profit dropped more sharply to 6.97 billion yen from 8.79 billion yen. This divergence between rising sales and falling earnings resulted in diluted per-share earnings of 50.92 yen, down from 71.40 yen in the previous year. These figures were prepared in accordance with Japanese accounting standards.
In section Market Quotes
Futaba Industrial Profits Slip Despite Revenue Gains
Futaba Industrial Co. Ltd. reported a significant contraction in profitability for the half-year ending September 30, with net income falling to 4.55 billion yen from 6.39 billion yen in the same period last year, even as the company’s total revenue climbed to 351.56 billion yen from 329.48 billion yen.
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