Okuma profits plunge 47% despite order surge

Okuma Corporation reported operating profit down 47.8% to 1,599 million yen for Q1 2025, with net sales declining 1.5% to 44,646 million yen.

However, consolidated orders received surged 12.2% year-on-year to 54,166 million yen, pushing the order backlog to 105,972 million yen.

The company maintained its full-year forecast of 230,000 million yen in net sales and 15,000 million yen in profit.