bullish
Q2 Follow-Up - TSUBAKIMOTO KOGYO (8052 JP)
SUMMARY
- Tsubakimoto Kogyo Co., Ltd., (hereafter, the Company) announced its H1 FY2025/3 results on October 31, 2024. Net sales rose but profit fell during H1 FY2025/3.
- Net sales were firm due to the substantial order backlog.
- However, profits at the operating profit level and below fell year on year as SG&A costs rose for various reasons, including stronger sales activities following the end of the COVID-19 pandemic and revisions to personnel expenses. Orders remained firm and hit a record high.
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