TSE:8052Trade Distributors
Tsubakimoto Kogyo (TSE:8052) Stock Sees Margin Squeeze As Profits Slip
Tsubakimoto Kogyo stock came into the Q1 print with a modestly positive tone after a 30 day gain of about 3.9%, trading at ¥2,868 and on a trailing P/E of 10.7x. The headline this time is pressure on profitability. Quarterly net income for this industrial distributor stood at ¥1,083m on revenue of ¥29,419m and the trailing net margin sits at 3.8%, lower than the 4.1% level a year earlier. For investors with a longer time horizon, the question now is how that margin squeeze fits against the...