TSE:1975Construction
Asahi Kogyosha (TSE:1975) Stock Lags Solid Profit Growth And Firmer Margins
The market brought Asahi Kogyosha into this earnings day with a muted mood. The stock was up about 8% over the past week and down roughly 13% over the past month, with a trailing P/E of 10.9x that sat below both peers and the wider Japanese construction group.
The headline from this Q1 print is simple: profitability held up. Net income for the quarter was ¥1,546m and basic earnings per share came in at ¥59.75, while the trailing twelve month profit margin was 8.8%. The price reaction now...