trending Market Intelligence /marketintelligence/en/news-insights/trending/Yh6ajkB5yiY0RdUqN3GiYA2 content esgSubNav
In This List

Foster Electric fiscal Q1 profit falls YOY

Blog

Breaking into Europe’s Digital Infrastructure Markets: Drivers & Trends

Blog

Does Disney+ Hotstar minus IPL equal trouble for the streaming giant?

Blog

Broadband revenues continue to grow in CEE

Blog

SVOD players open to hybrid models; Netflix and Disney to add ad-supported plans


Foster Electric fiscal Q1 profit falls YOY

Foster Electric Co.Ltd. said its normalized net income for the fiscal first quarter ended June 30 came to ¥33.08 per share, a decrease of 18.1% from ¥40.42 per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was ¥884.5 million, a decline of 18.1% from ¥1.08 billion in the year-earlier period.

The normalized profit margin declined to 2.1% from 2.8% in the year-earlier period.

Total revenue climbed 9.7% on an annual basis to ¥42.33 billion from ¥38.59 billion, and total operating expenses grew 11.7% on an annual basis to ¥40.82 billion from ¥36.55 billion.

Reported net income fell 23.0% from the prior-year period to ¥967.3 million, or ¥36.18 per share, from ¥1.26 billion, or ¥46.98 per share.

As of Aug. 12, US$1 was equivalent to ¥102.19.