KK Mitsui High Tec

6966

Equity

ISIN JP3892400007 / Valor 762787

Tokyo Stock Exchange (2024-09-17)

JPY 811.00-5.50%

KK Mitsui High Tec
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About company

KK Mitsui High Tec is a Japanese company specializing in the manufacture of precision tools, including stamping dies and motor core components for the automotive and electronics industries.

Summarized from source with an LLMView SourceSector: Technology

Net Sales

KK Mitsui High Tec reported net sales of ¥50,431 million for the three months ended April 30, 2024, reflecting an 11.4% increase compared to the same period in the previous year. This growth was driven by strong demand in the automotive sector, particularly for electric vehicle-related products.

Operating Profit

The company achieved an operating profit of ¥3,971 million for the three months ended April 30, 2024, marking a 3.9% year-on-year increase. This improvement was attributed to enhanced productivity and cost reduction efforts across the Group.

Ordinary Profit

KK Mitsui High Tec's ordinary profit surged by 42.4% year-on-year to ¥6,462 million for the three months ended April 30, 2024. The significant increase was primarily due to higher foreign exchange gains on foreign currency-denominated financial assets.

Profit Attributable to Owners of Parent

For the three months ended April 30, 2024, the profit attributable to owners of parent was ¥4,777 million, representing a 48.7% increase from the previous year. This substantial growth was driven by the overall improvement in operating and ordinary profits.

Equity and Assets

As of April 30, 2024, KK Mitsui High Tec's total assets stood at ¥212,371 million, up from ¥195,696 million as of January 31, 2024. The company's equity also increased to ¥102,922 million, reflecting a solid equity-to-asset ratio of 48.3%.

Summarized from source with an LLMView Source

Key figures

-50.7%1Y

-54.0%3Y

142%5Y

Performance

46.8%1Y

50.7%3Y

52.1%5Y

Volatility