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View All NewsJapan – Nms Holdings revenue rises 15.4% in fiscal year, but net loss bigger
Last Friday, nms Holdings Corp. (2162:TYO) reported net income rose 15.4% in its fiscal year ended March 31 but its net loss rose.
Nms provides manufacturing and production staffing; it also operates in other business lines —assembling electronic device boards and power supply manufacturing. It’s based in Tokyo.
(JPY thousands) | FY ended 31 March 2022 | FY ended 31 March 2021 | % change | FY ended 31 March 2022 (USD thousands) |
Net sales | 63,277,443 | 54,856,858 | 15.4% | 518,875 |
Gross profit | 6,721,464 | 6,746,073 | -0.4% | 55,116 |
Gross margin | 10.6% | 12.3% | - | - |
Net loss | (1,980,006) | (735,907) | nm | (16,236) |
The company noted an impairment loss of JPY 1.43 billion (USD 11.8 million) in the most recent fiscal year.
Guidance
Nms forecasts full-year revenue to be up 21.8% in the present fiscal year ending March 31, 2023.
Share price and market cap
Shares in nms Holding closed down 2.40% in Tokyo on Monday to JPY 244 (USD 1.89); they were 24.49% above their 52-week low, according to FT.com. The company’s market cap is JPY 5.51 billion (USD 42.6 million).