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Press Kogyo (TSE:7246) Stock Rally Meets A Tougher Margin Debate
Press Kogyo stock comes into this earnings report with a strong tailwind, up more than 20% over the past three months. Yet today’s traders are reacting to something much quieter than a breakout story. The headline is margin and profit pressure creeping into what had looked like a clean recovery.
Quarterly net income of ¥2,400m on revenue of ¥51,616m and basic earnings per share of ¥24.60 keep the longer term profit story intact, but they also hint at a squeeze that momentum driven buyers may...