Stock Analysis
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- TSE:6814
Furuno Electric Full Year 2024 Earnings: Beats Expectations
Furuno Electric (TSE:6814) Full Year 2024 Results
Key Financial Results
- Revenue: JP¥114.9b (up 26% from FY 2023).
- Net income: JP¥6.24b (up 363% from FY 2023).
- Profit margin: 5.4% (up from 1.5% in FY 2023). The increase in margin was driven by higher revenue.
- EPS: JP¥198 (up from JP¥42.72 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Furuno Electric Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 5.4%. Earnings per share (EPS) also surpassed analyst estimates by 15%.
Looking ahead, revenue is forecast to stay flat during the next 2 years compared to a 6.6% growth forecast for the Electronic industry in Japan.
Performance of the Japanese Electronic industry.
The company's shares are down 30% from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Furuno Electric (2 are a bit unpleasant) you should be aware of.
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About TSE:6814
Furuno Electric
Furuno Electric Co., Ltd. engages in the manufacture and sale of marine and industrial electronics equipment, wireless LAN system, and handy terminals in Japan, the Americas, Europe, rest of Asia, and internationally.
Solid track record with excellent balance sheet.