Sakai Heavy Industries (6358) Earnings: Revenue Down 2.2% YoY, Ordinary Profit Decreased 85.1% to 23 Million Yen

Sakai Heavy Industries (6358) released its financial results, reporting net sales of 5.62 billion yen, a decrease of 2.2% year-on-year. Ordinary profit fell by 85.1% YoY to 23 million yen. The company posted an operating loss of 72 million yen and a net loss attributable to owners of the parent of 16 million yen, with earnings per share (EPS) at -1.88 yen. Meanwhile, comprehensive income stood at 644 million yen.

From a financial and valuation perspective, the company maintains a solid financial foundation with an equity ratio of 73.1%. Retained earnings stand at 14.75 billion yen against interest-bearing debt of 4.45 billion yen. Return on Equity (ROE) was recorded at -0.07%, and Return on Assets (ROA) was -0.04%.