Nachi-Fujikoshi Q1 profit surges on structural reforms, yen weakness

Nachi-Fujikoshi Corp (TSE:6474) reported a substantial increase in first-quarter profit, with net profit attributable to owners of parent soaring to ¥1.43 billion, a 302% increase compared to the previous year. This surge was primarily driven by the company's ongoing structural reforms, which reduced fixed costs and enhanced production efficiency. Favorable currency conditions, including a weaker yen, also contributed to the improved financial performance.