MEC Full Year 2023 Earnings: EPS Beats Expectations

MEC (TSE:4971) Full Year 2023 Results

Key Financial Results

• Revenue: JP¥14.0b (down 14% from FY 2022).
• Net income: JP¥2.30b (down 25% from FY 2022).
• Profit margin: 16% (down from 19% in FY 2022).
• EPS: JP¥122 (down from JP¥161 in FY 2022).

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

MEC EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.4%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Chemicals industry in Japan.

Performance of the Japanese Chemicals industry.

The company's shares are up 1.4% from a week ago.

Risk Analysis

Be aware that MEC is showing 1 warning sign in our investment analysis that you should know about...

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.