Noritsu Koki Co.,Ltd. [7744.T]
TOKYO, May 15 (Pulse News Wire) – Noritsu Koki CO.,LTD. (7744.T) reported robust first-quarter results driven by acquisitions and favorable currency effects.
Revenue surged to ¥40 million, up 55.2% from ¥27.200 billion in the same period last year. Operating profit reached ¥8.413 billion, marking a significant increase of 60.5%. The company maintained its full-year forecast despite high Q1 progress rates, citing ongoing uncertainties. In detail, the acquisition of Senkushia contributed substantially to revenue growth, while strong performances from Teibo and Hamamatsu Metal Works also bolstered earnings. However, JLab experienced a decline in operating profit due to regional sales challenges.
Despite these fluctuations, Noritsu Koki's overall outlook remains positive, with projected full-year revenue growth of 53%. Regarding balance sheet changes, cash and equivalents increased significantly, reflecting the impact of the Senkushia acquisition and existing debt repayment. Net debt rose to -¥80.00 billion compared to ¥29.414 billion previously. The company expects to finalize purchase price allocation adjustments by February 2027. Currency impacts continue to influence various segments differently, with North American operations benefiting more from dollar depreciation than European counterparts.
Overall, Noritsu Koki anticipates continued resilience amid fluctuating exchange rates and global economic conditions.
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