TSE:7806Personal Products
MTG (TSE:7806) Stock Faces Profit Reset Despite Stronger Annual Growth
MTG entered this earnings release with a mixed setup. The stock had climbed roughly 17% over the past three months but was down about 8% over the past month, and it now sits at ¥7,470 after the first full day of trading following the results. The headline is clear: revenue for Q3 reached ¥35,963m, yet quarterly profit more than halved versus Q2, with basic earnings per share dropping from ¥98.66 to ¥48.64.
Is MTG now a genuine bargain after this profit reset, or is the lower share price...