Furuno Electric and 3 other firms revise earnings after the close, Hoden Seimitsu posts 33% profit gain

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3▲1 ▼4Impact / 5
Summary · why it matters

After the market close, several companies including Furuno Electric, Hoden Seimitsu, Axelspace, and Alpha announced earnings revisions. Furuno Electric raised its interim ordinary profit for the February-ending fiscal year by 37%, from 10 billion yen to 13.7 billion yen, while Hoden Seimitsu lifted its net profit for the February-ending year by 33%, from 866 million yen to 1.151 billion yen. On the other hand, Axelspace cut its net loss forecast for the May-ending fiscal year to a loss of 3.65 billion yen from a loss of 240 million yen, a change of minus 1421%. Alpha lowered its net profit for the August-ending fiscal year by 75%, from 130 million yen to 32 million yen, and TWOSTONE reduced its operating profit for the August-ending year by 39%, from 1.324 billion yen to 810 million yen. Value Creation revised up its interim net profit for the March-ending fiscal year by 85%, from 65 million yen to 120 million yen.

Impact on assets 5

Space Economy± Mixed
Axelspace Holdings Corp.
402A
▼ NegativeCapitalrelevance

Axelspace cut its net loss forecast for the May-ending fiscal year to a loss of 3.65 billion yen from a loss of 240 million yen.

Furuno Electric Co., Ltd.
6814
▲ PositiveCapitalrelevance

Furuno Electric raised its interim ordinary profit for the February-ending fiscal year by 37%, from 10 billion yen to 13.7 billion yen.

Consumer Discretionary▼
Alpha Corporation
3434
▼ NegativeCapitalrelevance

Alpha lowered its net profit for the August-ending fiscal year by 75%, from 130 million yen to 32 million yen.

Communication Services▼
Alpha Co., Ltd.
4760
▼ NegativeCapitalrelevance

Alpha lowered its net profit for the August-ending fiscal year by 75%, from 130 million yen to 32 million yen.

Industrials▼
TWOSTONE&Sons Co.Ltd.
7352
▼ NegativeCapitalrelevance

TWOSTONE reduced its operating profit for the August-ending year by 39%, from 1.324 billion yen to 810 million yen.