bullish
Ohba |(9765 Jp) - Making Steady Progress in Building up Technical Capabilities and Human Capital
SUMMARY
- Earnings Trends: 1Q FY24/5 results were solid, with steady sales and improved gross profit margins.
- Profit growth was limited owing to higher SG&A expenses in absolute terms stemming from hiring personnel, higher wages, and the inclusion of SG&A expenses of Ohba Research and Land Surveys.
- However, the company is likely to see more benefits from the steady accumulation of orders and continuous improvement in gross profit margin from 2Q onward, when it becomes easier to secure sales volume owing to the seasonality of its business.
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