TSE:6005Machinery
Miura (TSE:6005) Stock Resets As Margin Pressure Clouds Solid Profit Growth
Miura stock has been grinding higher in recent weeks, yet today’s reaction is all about one thing. Quarterly profits came in solid on an absolute basis, with basic earnings per share at ¥39.60 and net income of ¥4,582m, but the margin squeeze versus the recent run of stronger quarters is what traders are keying on. The market is treating this as a reset of expectations after a strong trailing year of earnings growth.
For investors, the main question is whether today’s move reflects a one...