TSE:9880Electronic
Innotech (TSE:9880) Stock Cheapens As One Off Gain Clouds Earnings Quality
Innotech stock comes into this earnings season with a quiet winning streak. The share price is up about 12% over the past three months and sits at ¥3,695 as of Monday’s close. The headline this quarter is profit quality. Reported earnings over the past year look very strong on paper with net profit up sharply and a P/E of 10.8x that screens cheaper than many electronics peers, yet a ¥3.2b one off gain and a five year earnings decline shape a much more complicated story for anyone thinking...