Updated
Updated · MarketWatch · May 11
Hosokawa Micron reports first-half net profit falls
Updated
Updated · MarketWatch · May 11

Hosokawa Micron reports first-half net profit falls

1 articles · Updated · MarketWatch · May 11

Summary

  • For the half-year ended 31 March, net profit dropped to Y1.21bn from Y2.69bn, while revenue rose to Y39.91bn from Y38.48bn.
  • Operating profit fell to Y1.80bn from Y3.57bn and pretax profit to Y2.27bn from Y3.94bn, with earnings per share declining to Y82.76 from Y181.85.
  • The Japanese company said the results were prepared under Japanese accounting standards, showing higher sales but markedly weaker profitability in the latest first-half period.

Insights

With sales rising but profits plummeting, is Hosokawa Micron a canary in Japan's economic coal mine?
As Japan-China tensions escalate, can Hosokawa Micron survive a potential rare earth supply chain collapse?