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View All NewsJapan – nms Holdings net sales up 17.7%, gross margin narrows
Net sales rose 17.7% year over year at nms Holdings Corp. (2162:TYO) to JPY 35.82 billion (USD 247.9 million) in the first six months of its fiscal year — from 1 April to 30 September. Gross margin narrowed. It posted net income of JPY 129.1 million (USD 893,000)
The Tokyo-based company provides staffing, electronics assembly and designs and develops power supply equipment.
(JPY thousands) | H1 ended 30 September 2022 | H1 ended 30 September 2021 | % change | FYH1 ended 30 September 2022 (USD thousands) |
Net sales | 35,818,606 | 30,430,024 | 17.7% | 247,865 |
Gross profit | 3,285,625 | 3,259,691 | 0.8% | 22,737 |
Gross margin | 9.2% | 10.7% | - | - |
Net income/loss | 129,073 | (282,441) | nm | 893 |
Guidance
For its full fiscal year that ends 31 March 2023, nms forecast net sales would be up 23.3% compared to the previous fiscal year.
Share price and market cap
Shares in nms closed down 3.76% on Wednesday in Tokyo to JPY 256 (USD 1.77); they were 31.28% above their 52-week low, FT.com reported. The company had a market cap of JPY 5.75 billion (USD 39.8 million).