Jamco Corp reports strong Q3 earnings, boosted by interiors

JAMCO Corporation (TSE:7408) reported strong consolidated financial results for the third cumulative quarter of fiscal year 2024, ending December 31, 2024, with net sales up 25.2% year-over-year to ¥55.581 billion. Operating income surged to ¥4.672 billion, a 232.7% increase, while net income attributable to shareholders of the parent company rose 98.5% to ¥2.517 billion. The aircraft interiors business was a key driver, offsetting slower sales growth impacted by delayed material shipments, Boeing production schedule adjustments, and a strike at Boeing. The company maintains its full-year consolidated financial results forecast, updated to reflect an exchange rate of ¥150 per US$1. Due to a planned tender offer by K.K. BCJ-92, JAMCO will not be paying year-end dividends for FY2024.