TSE:6273Machinery
SMC (TSE:6273) Stock Surges On Margin Strength And Profit Jump
SMC stock came into this earnings print with a mixed scorecard. The share price was down about 10% over the past three months yet still up modestly over the past week and month. The headline from this quarter is clear: profitability did the heavy lifting. Basic earnings per share reached ¥1,076.01 and net income from ongoing operations stood at ¥67,863m, both sitting comfortably on top of a solid revenue base of ¥270,987m. For a machinery heavyweight known for efficiency, this quarter was all...