TSE:4221Chemicals
Okura Industrial (TSE:4221) Stock Jumps As Profit Growth Accelerates
Okura Industrial walked into this earnings season with a reputation for steady profit growth and a stock that had already climbed in recent months, yet the latest move in the ¥5,550 share price tells only part of the story. The headline is the jump in quarterly profitability. Q2 basic earnings per share came in at ¥199.93 on revenue of ¥28,473m, helping lift trailing twelve month earnings per share to ¥442.06. For a stock trading on a P/E of 12.5x and sitting above a discounted cash flow...