TSE:7241Auto Components
Futaba Industrial (TSE:7241) Profit Squeeze Clouds Revenue Growth Story
The market has nudged Futaba Industrial higher in recent weeks, yet today’s close near ¥1,037 suggests investors are still debating what this auto parts stock really earned in Q1. The headline is not revenue, which stayed around ¥175,614m. The real story is profit pressure. Basic earnings per share of ¥27.70 and net income of ¥2,474m sit well below the previous quarter, which challenges the recent enthusiasm around the low 5.8x trailing P/E and 4.34% dividend yield. Emotion is wrestling with...