bullish
MARUKA FURUSATO Corporation (7128 JP) - 1Q Follow-Up
SUMMARY
- In 1Q FY12/23, net sales rose 12.8%, and operating profit increased 20.3%; thus, MARUKA FURUSATO made good progress toward achieving 1H forecasts of 9.2% increase in net sales and 9.4% decline in operating profit.
- As a large percentage of the company’s earnings comes from business orders, short-term earnings are unlikely to change much.
- It appears, however, that the company is making greater than initially expected progress in reducing its order backlog as supply constraints, such as shortage of semiconductors, are eliminated.
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