JTEKT profit surges 64% despite revenue decline
JTEKT Corporation reported revenue of 454.8 billion yen for the three months ended June 30, down 2.0% year-on-year, but business profit surged 63.8% to 14.0 billion yen.
Operating profit rose 21.4% to 13.5 billion yen, though profit attributable to owners fell 39.8% to 6.5 billion yen.
The automotive segment saw revenue drop 2.2% but business profit increased 20.3% due to cost reductions. The industrial and bearings segment's business profit jumped 245.8% despite a 2.8% revenue decline.
This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com
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