Updated
Updated · MarketWatch · May 11O'Will Corp reports lower full-year net profit
1 articles · Updated · MarketWatch · May 11Summary
- For the year ended 31 March in Japan, net profit fell to Y793 million from Y915 million, while revenue rose to Y41.91 billion from Y39.16 billion.
- Operating profit increased to Y1.37 billion from Y1.16 billion, and pretax profit edged up to Y1.25 billion from Y1.15 billion.
- Earnings per share declined to Y88.13 from Y101.91, with the results prepared under Japanese accounting standards.
Insights
Global tax reforms hit O'Will's profits despite rising sales. Are other Japanese giants next? Is O'Will's profit drop a warning sign for the entire Japanese economy amid a weak yen and rising costs?