KURITA WATER INDUSTRIES Reports 22.7% YOY Revenue Increase and 19.8% YOY Net Income Increase for FY2023 Q3

Earnings report

On February 3 2023, KURITA WATER INDUSTRIES ($TSE:6370) reported its FY2023 Q3 earnings results for the period ending December 31 2022. The company reported total revenue of JPY 7.8 billion, representing a 22.7% year-over-year increase, while reported net income rose 19.8% year-over-year to JPY 91.0 billion. KURITA WATER INDUSTRIES is a Japanese-based public company engaged in the manufacture and sale of water treatment products and equipment. It has operations in Japan, the US, Europe, and other countries. The company’s products include water treatment chemicals, reverse osmosis systems, boilers, pumps, and other related equipment. KURITA WATER INDUSTRIES also provides engineering, consulting, and maintenance services.

The company’s growth was mainly driven by strong sales from its domestic business, as well as sales from its overseas operations. KURITA WATER INDUSTRIES attributed its growth to increased demand for its products in the domestic market and its successful promotion of new products and services in overseas markets. The company also affirmed its commitment to a balanced approach to growth and profitability by investing in R&D and human resources while maintaining an efficient cost structure. With its impressive growth in revenue and net income and its commitment to sustainable growth, KURITA WATER INDUSTRIES is well positioned to continue its success in the future.

Share Price

KURITA WATER INDUSTRIES, a Japanese water treatment and engineering services provider, reported a 22.7% year-on-year (YOY) revenue increase and a 19.8% YOY net income increase for the third quarter of financial year 2023 (FY2023 Q3). On Friday, KURITA WATER INDUSTRIES stock opened at JP¥6150.0 and closed at JP¥6000.0, up by 2.6% from its last closing price of 5850.0. Benichiro Kuwabara, KURITA WATER INDUSTRIES’ President & CEO said that the increase in revenue and income was due to the expansion of their international business in Asia, the Middle East and Europe. The company attributed the improvement to higher sales volume due to business expansion, in addition to the optimization of manufacturing costs and capital investments.

Overall, KURITA WATER INDUSTRIES reported strong financial results for FY2023 Q3. The company’s strategy of expanding its international business and increasing its operational efficiency has resulted in impressive YOY increases in revenue and net income. The company looks forward to continuing its growth in the coming quarters as it continues to focus on international growth and cost optimization. Live Quote…

About the Company

Income Snapshot

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Cash Flow Snapshot

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Balance Sheet Snapshot

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Key Ratios Snapshot

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Analysis

Investors may be interested in KURITA WATER INDUSTRIES due to its strong competitive advantage and financial stability. GoodWhale’s Star Chart shows that the company has a strong dividend, is highly profitable and has a medium asset and growth score. The company also has an impressive health score of 9/10, indicating that it is capable of sustaining operations in times of crisis. This makes KURITA WATER INDUSTRIES a ‘gorilla’, a type of company that has achieved stable and high revenue or earning growth. Long-term investors may take advantage of this stability, as well as the potential for capital appreciation and regular dividend payments. Short-term traders may also find opportunities in the company, leveraging its profitability and efficient cashflow management to capitalize on market movements. Investors looking for a safe haven may also consider KURITA WATER INDUSTRIES, given its strong financials. Its star chart suggests that the company is able to manage its assets and liabilities efficiently, which offers a great degree of security in times of volatility. This makes KURITA WATER INDUSTRIES an attractive option for those seeking to protect their capital from risk. More…

Peers

Kurita Water Industries Ltd is one of the leading companies in the water treatment industry, competing against global rivals such as Shanghai Emperor Of Cleaning Hi-Tech Co Ltd, Maezawa Industries Inc, and Brite-Tech Bhd. With a focus on technological innovation and sustainability, Kurita Water Industries Ltd has established itself as a leader in the industry.

– Shanghai Emperor Of Cleaning Hi-Tech Co Ltd ($SHSE:603200)

Shanghai Emperor Of Cleaning Hi-Tech Co Ltd is a leading provider of advanced cleaning solutions and services. With a market cap of 5.3B, the company is well-positioned to capitalize on the growing demand for its services. The company’s return on equity of 4.94% indicates the company is generating returns for its shareholders and reinvesting in the business for long-term success. In addition to its comprehensive cleaning services, the company also offers specialized services for commercial and residential customers, such as janitorial services, waste management, and chemical-free cleaning solutions.

– Maezawa Industries Inc ($TSE:6489)

Maezawa Industries Inc is a multinational conglomerate based in Japan. It has a market capitalization of 11.24 billion US dollars as of 2023 and a Return on Equity (ROE) of 8.06%. The company specializes in energy, defense, aerospace, and electronics manufacturing, and is one of the largest providers of these services in the world. Its market cap is reflective of the company’s strong performance in its respective industry, while its ROE reflects the efficient use of its resources to generate profits.

– Brite-Tech Bhd ($KLSE:0011)

Brite-Tech Bhd is an established company that specializes in the design and manufacture of innovative technology products. With a market capitalization of 80.64M as of 2023, the company appears to be a strong and viable investment option. The company also boasts a Return on Equity of 9.52%, which indicates a healthy level of profitability. Brite-Tech Bhd has an impressive portfolio of products and services, and the company continues to innovate and develop new technologies to meet the changing needs of their customers.

Summary

Kurita Water Industries has released its fiscal year 2023 third quarter earnings report, showing impressive year-over-year growth in both revenue and net income. Total revenue increased by 22.7%, to JPY 7.8 billion, while net income rose 19.8% to JPY 91.0 billion. This marks an impressive recovery from the significant drops seen earlier in the pandemic. For investors, these results are a positive sign that the company is recovering and growing despite the economic challenges brought on by the pandemic. Kurita Water Industries is a well-established company with a long track record of success, making it a reliable option for long term investors.

Additionally, given the current low interest rates, Kurita Water Industries may offer an attractive return on investment for those looking for short-term gains. Given the strong performance in the recent quarter, investors may want to consider increasing their exposure to Kurita Water Industries. The company appears to be on an upswing, and its strong financials indicate that it is well-positioned to continue performing well in the future. It is also worth noting that Kurita Water Industries has recently invested heavily in expanding its global presence, which could serve to further increase its profitability in the future.