MARUKA FURUSATO Corporation (7128 JP) - 1Q Follow-Up

390 Views07 Jun 2023 06:25

Issuer-paid

SUMMARY

In 1Q FY12/23, net sales rose 12.8%, and operating profit increased 20.3%; thus, MARUKA FURUSATO made good progress toward achieving 1H forecasts of 9.2% increase in net sales and 9.4% decline in operating profit.
As a large percentage of the company’s earnings comes from business orders, short-term earnings are unlikely to change much.
It appears, however, that the company is making greater than initially expected progress in reducing its order backlog as supply constraints, such as shortage of semiconductors, are eliminated.

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