First quarter 2022 earnings released: EPS JP¥321 (vs JP¥56.87 in 1Q 2021)
The company reported a strong first quarter result with improved earnings, revenues and profit margins.First quarter 2022 results:
- Revenue: JP¥7.94t (up 73% from 1Q 2021).
- Net income: JP¥897.8b (up 465% from 1Q 2021).
- Profit margin: 11% (up from 3.5% in 1Q 2021). The increase in margin was driven by higher revenue.
Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 13% per year, which means it is well ahead of earnings