TSE:5943Consumer Durables
Noritz (TSE:5943) Stock Price Masks A One Off Earnings Boost
Noritz stock closed at ¥2,380 ahead of the fresh Q2 numbers, after a flat week and a slightly weaker three month stretch. On the surface the headline grabs attention. Basic earnings per share for the trailing twelve months sit at ¥156.96 and the stock trades on a P/E of 15.2x, above the broader Japanese consumer durables group but below closer peers. The catch is that a sizeable one off gain of about ¥4.3b still hangs over those earnings, which matters for anyone thinking beyond today's...