Meidensha Corporation Reports 6.2% Increase in Net Sales, 54.3% Decrease in Net Income for FY2025 Q1
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Meidensha Corporation reported a 6.2% increase in net sales to ¥58.39 billion for FY2025 Q1, compared to ¥54.975 billion in the same period last year. Operating income turned positive at ¥348 million, while ordinary income rose 168.2% to ¥573 million. However, net income attributable to owners fell 54.3% to ¥465 million. The company noted stable demand for heavy electrical products but expressed concerns over global instability and changes in the automotive sector. No earnings guidance was provided.
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