The impact of the novel coronavirus pneumonia (COVID-19, commonly known as new coronary pneumonia) epidemic is limited,Nissha, a large touch panel manufacturer, successfully turned from a loss to a profit last quarter. And raise the forecast for this year’s H1 financial report, Stimulate the stock price soaring daily limit.
According to Yahoo Finance’s quotation,As of 8:44 am on the 14th, Nissha soared 18.16% to 976 yen, the daily limit was lit, and it hit a new intraday high level since February 21.
Nissha announced the last quarter (January-March 2020) financial report after the Japanese stock market on the 13th: The impact of the new crown pneumonia epidemic is limited, The demand for touch panels for smartphones/tablets is robust, Driven total revenue increased by 8.4% from the same period last year to 39.474 billion yen, The consolidated operating profit showing the profitability of the business has turned from a loss of 2.458 billion yen in the same period last year to a surplus of 1.082 billion yen. The consolidated net profit, which shows the final profit, has also turned from a loss of 2.957 billion yen in the same period last year to a surplus of 870 million yen.
Nissha’s component division (touch panel division) revenue in the last quarter increased by 16.4% from the same period last year to 19.536 billion yen, operating profit was 1.659 billion yen (operating loss 2.109 billion yen in the same period last year); Revenue from the medical technology sector (including medical devices and related products) fell 7.3% to 5.7 billion yen, and operating profit dropped by 48.7% to 214 million yen.
Nissha pointed out,Although the new crown pneumonia caused the demand for some products to be lower than expected,However, the demand for touch panels for tablets is better than expected, Therefore, this year’s H1 (January-June 2020) total revenue target has been revised up from the original estimate of 75 billion yen to 77 billion yen, and the consolidated operating loss has been reduced from the original estimate of 6 billion yen to 4 billion days. Yuan and integration net losses have also been reduced to 5.2 billion yen from the originally estimated 6.9 billion yen.
Nissha revised up its touch panel revenue target during H1 from 32.7 billion yen to 39.2 billion yen.
Nissha said,This season (April-June 2020), the demand for touch panels for smartphones and tablets is expected to increase over the same period last year.Demand for touch panels for game consoles is expected to continue to be stable,This quarter’s touch panel revenue is estimated to increase by 7% annually to 19.664 billion yen.
Nissha maintains its earnings forecast for this year (January-December 2020) unchanged;Total revenue will be reduced by 4.6% annually to 166 billion yen, consolidated operating loss is estimated at 2 billion yen, and consolidated net loss is estimated at 3.5 billion yen.
Post time: Jan-23-2021