Japanese services firm Tosho Co. Ltd. recorded a 19% increase in nine-month net profit, reaching ¥2.72 billion even as total revenue experienced a sharp decline compared to the previous year.
Iriso Electronics Co. Ltd. posted a 27% surge in net profit for the first nine months of the fiscal year, as the Japanese manufacturer benefited from a double-digit rise in revenue. For the period ending December 31, the company reported net income of ¥3.70 billion, up from ¥2.92 billion a year earlier, highlighting operational efficiency amid a recovering electronics market.
NTN Corp. reported a net profit of ¥3.72 billion for the nine months ending Dec. 31, reversing a substantial loss from the previous year despite a slight contraction in overall revenue.
Japanese industrial materials maker Fujimi Inc. reported a 6.9% increase in net profit to ¥7.77 billion for the nine months ended December 31, as a double-digit revenue surge bolstered the company’s bottom line.
Shares of Huatai Securities tumbled on Tuesday after the Chinese brokerage unveiled plans to raise HK$10 billion ($1.28 billion) through a zero-coupon convertible bond issuance, sparking investor concerns over potential equity dilution.
Shinmaywa Industries Ltd. reported a significant rise in net profit to ¥6.34 billion for the nine months ended December 31, as the Japanese industrial giant capitalized on steady revenue growth. The Tokyo-listed manufacturer saw gains across its core financial metrics, outpacing its performance from the same period in the previous fiscal year.
