TSE:5991Auto Components
NHK Spring (TSE:5991) Stock Profit Rebound Contrasts With Margin Squeeze
NHK Spring stock went into this earnings print under a cloud, with the share price down over the past week and month even after a strong 3 month run. The headline result cuts against that cautious mood. First quarter basic earnings per share came in at ¥77.62, a solid profit level for an auto components supplier, and net income reached ¥15,726m.
The sentiment reckoning for NHK Spring is about whether that profit strength justifies a stock that still trades on a richer P/E than the domestic...