Teikoku Electric first quarter operating profit falls 10.2%

Teikoku Electric reported net sales of 6,232 million yen for the three months ended June 30, down 10.2% year-on-year. Operating profit fell 10.2% to 1,158 million yen, while ordinary profit declined 25.8% to 1,197 million yen.

Despite the operational declines, profit attributable to owners increased 17.7% to 964 million yen.

The company forecasts net sales of 27,520 million yen and operating profit of 5,000 million yen for the fiscal year ending March 2026.