TSE:8018Luxury
Sankyo Seiko (TSE:8018) Stock Rises On Profit Growth Despite Durability Questions
Investors came into Sankyo Seiko’s Q1 print with the stock treading water, up only slightly over the past month and down over the past quarter. The headline that really matters today is earnings power. Basic earnings per share for Q1 stood at ¥19.20 and net income reached ¥719 million, setting the tone for how sustainable the recent trailing 12 month profit profile really looks once the prior ¥1.6b one off gain is stripped from the story.
Impressed by Sankyo Seiko’s earnings power but...