TSE:3401Chemicals
Teijin (TSE:3401) Stock Rebounds On Profit Swing As Revenue Slips
Teijin stock came into this earnings print on the back foot, down about 3% over the past week and about 7% over the past month, yet sitting slightly higher over the last quarter. The short term story has been weak sentiment. The headline today is far cleaner profit and loss. Teijin swung from a series of quarterly losses to a Q1 net income of ¥45,106m with basic earnings per share at ¥233.81.
The near term bounce in profitability now sits against a longer horizon where the stock still prices...