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Japan – Nms Holdings revenue rises 15.4% in fiscal year, but net loss bigger

17 May 2022

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).