TOKYO, May 27 (Pulse News Wire) – JTEC Corporation (2479.T) reported a revenue decrease of 100.0% compared to the previous fiscal year, while operating expenses increased by 2.4%. Despite these challenges, the company's operating profit declined by -28.6% due to higher selling and administrative costs.
Additionally, the company saw a reduction in ordinary income by -35.8% amid rising raw material costs and labor expenses. In terms of customer base, JTEC maintained relationships with over 100 listed companies and solid mid-sized firms across various sectors, particularly noting robust demand in the information processing and industrial machinery segments. Key clients included Denso Ten, Yamaha, Hitachi GE Nuclear Energy, Honda R&D Co., Ltd., and Roland DG Corporation.
For the upcoming fiscal year, JTEC plans to focus on enhancing its technology workforce to reach a target of 700 members, aiming for high retention rates through improved compensation packages and recruitment strategies. The company also emphasized its commitment to shareholder returns, planning to increase dividends per share to ¥13, up from the previous year’s ¥1, reflecting a dividend yield of 26.3%. Looking ahead, JTEC outlined its medium-term plan targeting sustainable growth, focusing on strengthening its intellectual property leasing business and diversifying revenue streams through alliances and potential mergers and acquisitions in emerging tech fields.
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