The company’s latest financial results, reported under IFRS standards, show a notable recovery compared to the same period last year when it faced a net loss of 331 million yen. Revenue for the period rose to 11.44 billion yen, up from 11.04 billion yen, signaling a stabilizing demand for the group’s hardware and components.
In section Market Quotes
TEAC Corp Swings to Profit as Nine-Month Revenue Reaches ¥11.44 Billion
Tokyo-based electronics manufacturer TEAC Corp. (6803.TO) returned to profitability during the first nine months of its fiscal year, reporting a net profit of 96 million yen through December 31, 2024.
Operational Turnaround and Earnings
The shift to the black was driven by a move into operating profit, which reached 82 million yen against a previous loss of 85 million yen. Pretax figures also showed significant improvement, with the company posting a 68 million yen profit, successfully erasing a 342 million yen deficit from the prior year.Key performance indicators for the nine-month period include:
- Earnings per share of 3.35 yen, reversing an 11.50 yen loss per share.
- Operating profit margin recovery following a year of contraction.
- Total revenue growth of approximately 3.6% year-on-year.
Comments (0)
No comments yet. Be the first!