Oki Electric Industry Full Year 2024 Earnings: EPS Beats Expectations

Oki Electric Industry (TSE:6703) Full Year 2024 Results

Key Financial Results

• Revenue: JP¥421.9b (up 14% from FY 2023).
• Net income: JP¥25.6b (up from JP¥2.80b loss in FY 2023).
• Profit margin: 6.1% (up from net loss in FY 2023). The move to profitability was driven by higher revenue.
• EPS: JP¥296 (up from JP¥32.33 loss in FY 2023).

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

Oki Electric Industry EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 114%.

Looking ahead, revenue is forecast to grow 3.4% p.a. on average during the next 2 years, compared to a 7.0% growth forecast for the Electronic industry in Japan.

Performance of the Japanese Electronic industry.

The company's shares are down 10% from a week ago.

Risk Analysis

You still need to take note of risks, for example - Oki Electric Industry has 4 warning signs (and 2 which shouldn't be ignored) we think 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.