Nissei ASB Machine Full Year 2024 Earnings: EPS Beats Expectations, Revenues Lag

Nissei ASB Machine (TSE:6284) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥36.8b (up 5.7% from FY 2023).
• Net income: JP¥5.78b (up 14% from FY 2023).
• Profit margin: 16% (up from 15% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: JP¥385 (up from JP¥339 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Nissei ASB Machine EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 2.3%. Earnings per share (EPS) exceeded analyst estimates by 2.6%.

Looking ahead, revenue is forecast to grow 7.5% p.a. on average during the next 2 years, compared to a 4.8% growth forecast for the Machinery industry in Japan.

Performance of the Japanese Machinery industry.

The company's shares are up 9.3% from a week ago.

Balance Sheet Analysis

While earnings are important, another area to consider is the balance sheet. We have a graphic representation of Nissei ASB Machine's balance sheet and an in-depth analysis of the company's financial position.

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