OKAMOTO GLASS CO.,LTD. [7746.T]
TOKYO, May 15 (Pulse News Wire) – Okamoto Glass CO.,LTD. (7746.T) reported its fiscal year 2026 third quarter earnings, which exceeded previous forecasts.
The company recorded a foreign exchange gain of ¥40 million due to the depreciation of the yen against the US dollar, impacting its foreign-currency denominated receivables. Additionally, Okamoto Glass incurred an impairment loss of ¥31 million related to production equipment used for manufacturing nitride substrates at its headquarters factory in Chiba Prefecture. This was due to delays in customer mass production certification for applications beyond light-emitting devices such as lasers and LEDs, leading to lower-than-expected sales.
Comparing the latest results to previously announced forecasts, the company's revenue came in at ¥4.731 billion compared to the earlier estimate of ¥4.690 billion. Operating profit reached ¥--¥78 million, surpassing the prior projection by ¥46 million. Ordinary profit stood at ¥--¥82 million, exceeding expectations by ¥39 million.
However, net income per share was ¥--¥5.6 million from the forecasted ¥--¥5.0 million.
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