TSE:6986Machinery
Futaba (TSE:6986) Stock Premium Looks Fragile After Losses Deepen
Futaba came into this earnings print with the stock up over the past month and trading on a richer P/E than many machinery peers. The headline this quarter is not growth but a sharp swing back into the red. Q1 2027 produced a net loss of ¥1,447m and a basic loss per share of ¥34.12, a stark reversal from the profit in Q4 2026. For investors who had started to price in a cleaner earnings story after last year’s one off gain of about ¥1.6b, this result raises fresh questions about earnings...