SUMISEKI HOLDINGS Reports Third Quarter FY2023 Earnings Results

Earnings Overview

SUMISEKI HOLDINGS ($TSE:1514) reported total revenue of JPY 104.0 million and net income of JPY 8503.0 million for the third quarter of FY2023, covering the period from October 1, 2022 to December 31, 2022. Compared to the same quarter of the previous year, this represented a 50.7% increase in revenue and a 101.1% increase in net income. The results were announced on February 6, 2023.

Market Price

SUMISEKI HOLDINGS reported their earnings results for the third quarter of FY2023 on Monday. The results showed that the stock opened at JP¥351.0, but closed at the same price with a decrease of 0.3% from its prior closing price of JP¥352.0. SUMISEKI HOLDINGS has been under pressure from analysts and investors to improve their balance sheet in order to increase their share price. They have been attempting to reduce their debt burden, while continuing to invest in research and development. Despite these efforts, the stock has seen a steady decline since the start of the quarter.

The company has been implementing changes to improve its outlook, and investors are hopeful that this will help to boost their share price. Overall, SUMISEKI HOLDINGS reported a relatively flat quarter with a slight dip in their stock price compared to the previous period. With the company making changes to improve their financial situation, investors are hopeful that the stock will see a turnaround soon. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Sumiseki Holdings. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Sumiseki Holdings. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Sumiseki Holdings. More…

Key Ratios Snapshot

Some of the financial key ratios for Sumiseki Holdings are shown below. More…

Analysis

At GoodWhale, we recently conducted an analysis of SUMISEKI HOLDINGS’ welfare. According to our Risk Rating, SUMISEKI HOLDINGS is a high risk investment in both financial and business aspects. We have also detected 3 risk warnings in the company’s income sheet, balance sheet, and financial journal. If you’re considering investing in SUMISEKI HOLDINGS, we recommend you register with us to get access to the full report and check out all the details. We have set up a team of experts who can help you understand the risks associated with this investment and make a well-informed decision. More…

Peers

These companies all specialize in different aspects of the industry, ranging from coal mining to energy resources. Sumiseki Holdings Inc stands out among these companies due to its wide range of services, commitment to sustainability, and strong financial performance.

– Hidili Industry International Development Ltd ($SEHK:01393)

Hidili Industry International Development Ltd is a publicly traded company based in China that specializes in coal mining and power generation. The company has a market capitalization of 940.98M as of 2023, which is the total value of all its outstanding shares. Additionally, the company has an impressive Return on Equity (ROE) of 60.67%. This reflects the company’s ability to generate profits from its equity investments, indicating strong financial health and strong management performance.

– Shanghai Datun Energy Resourses Co Ltd ($SHSE:600508)

Shanghai Datun Energy Resources Co Ltd is a Chinese energy company that operates in the oil, gas, and petrochemical industries. The company has a market capitalization of 10.4 billion USD as of 2023, which makes it one of the largest energy companies in the country. In addition, the company has also obtained a strong Return on Equity of 12.43%. This is a measure of how well the company is able to generate profits from its investments, and is indicative of the company’s financial health.

Summary

SUMISEKI HOLDINGS reported impressive financial results for the third quarter of FY2023, with total revenue rising 50.7% year-over-year and reported net income up 101.1%. This indicates a strong performance for the company and suggests that investing in SUMISEKI could be a wise decision. Investors should also consider the company’s financial strategy and management as well as its competitive advantage to make a well-informed investment decision. Looking ahead, investors should be aware of any changes in the economic and industry landscape which could impact the company’s future performance.