Newtech's first quarter profit soars, driven by strong sales

Newtech (TSE:6734) announced a significant increase in its first-quarter earnings for the fiscal year ending February 2026, with sales reaching JPY 1,443.5 million, a 104.5% increase year-over-year. Operating profit jumped to JPY 89.5 million, a 395.8% rise. Net profit attributable to the parent company's shareholders also saw a substantial increase to JPY 70.5 million, representing a 325.2% increase. The strong performance was attributed to robust sales in RAID and NAS products, as well as medical-related goods and services. The company maintains its full-year forecast.