Daitron First Quarter 2024 Earnings: EPS: JP¥69.26 (vs JP¥129 in 1Q 2023)

Daitron (TSE:7609) First Quarter 2024 Results

Key Financial Results

• Revenue: JP¥21.1b (down 14% from 1Q 2023).
• Net income: JP¥769.0m (down 46% from 1Q 2023).
• Profit margin: 3.6% (down from 5.9% in 1Q 2023). The decrease in margin was driven by lower revenue.
• EPS: JP¥69.26 (down from JP¥129 in 1Q 2023).

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

Daitron Earnings Insights

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 7.1% growth forecast for the Electronic industry in Japan.

Performance of the Japanese Electronic industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

Don't forget that there may still be risks. For instance, we've identified 1 warning sign for Daitron that you should be aware of.

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