Furuno Electric Full Year 2024 Earnings: Beats Expectations

Furuno Electric (TSE:6814) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥114.9b (up 26% from FY 2023).
• Net income: JP¥6.24b (up 363% from FY 2023).
• Profit margin: 5.4% (up from 1.5% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: JP¥198 (up from JP¥42.72 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Furuno Electric Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%.

Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.6% growth forecast for the Electronic industry in Japan.

Performance of the Japanese Electronic industry.

The company's shares are down 30% from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Furuno Electric (2 are a bit unpleasant) you should be aware of.

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