TSE:9438Interactive Media and Services
MTI (TSE:9438) Stock Can Profit Momentum Revive Investor Confidence?
The market has been cooling on MTI for weeks, with the stock down almost 9% over the past month, yet the latest quarter gives investors a different headache. The headline is not revenue, which stayed around ¥7,611m. The story is the profit squeeze. Net income excluding one off items came in at ¥312m and basic earnings per share dropped to ¥5.62, sharply below the prior two quarters. For a stock trading on a single digit P/E and already carrying a discount, this kind of earnings compression...