<p>尽管发布了一些强劲的财报，但 <strong>北越株式会社</strong>（TSE:3865）的股票市场表现并没有太大变化。我们的分析表明，这可能是因为股东注意到了一些令人担忧的潜在因素。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/876645-earnings-and-revenue-history-1-dark/1748298568156?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/876645-earnings-and-revenue-history-1-dark/1748298568156"/></p>
<p>TSE:3865 财报和收入历史 2025 年 5 月 26 日</p>
<h2>非常规项目如何影响利润？</h2>
<p>要正确理解北越的利润结果，我们需要考虑到 JP¥28 亿的非常规项目带来的收益。我们不能否认，较高的利润通常让我们感到乐观，但我们更希望利润是可持续的。当我们对数千家上市公司的数据进行分析时，我们发现某一年来自非常规项目的收益往往在下一年 <strong>不会</strong> 重复。这是可以预期的，因为这些收益被描述为'非常规'。如果北越没有看到这种贡献的重复，那么在其他条件相同的情况下，我们预计其利润将在当前年度下降。</p>
<p>这可能让你想知道分析师对未来盈利能力的预测。幸运的是，你可以点击这里查看基于他们估计的未来盈利能力的互动图表。</p>
<h2>我们对北越利润表现的看法</h2>
<p>可以说，北越的法定收益被非常规项目扭曲，导致利润上升。因此，我们认为北越的真实潜在收益能力实际上可能低于其法定利润。但好消息是，尽管我们承认必须超越法定数字，但这些数字仍在改善，过去一年每股收益以非常高的速度增长。本文的目标是评估我们在多大程度上可以依赖法定收益来反映公司的潜力，但还有很多其他因素需要考虑。虽然考虑公司的法定收益在多大程度上代表其真实收益能力非常重要，但查看分析师对未来的预测也是值得的。因此，欢迎查看我们代表分析师预测的免费图表。</p>
<p>今天我们聚焦于一个单一的数据点，以更好地理解北越的利润性质。但还有许多其他方式可以帮助你形成对公司的看法。有些人认为高股本回报率是优质企业的良好标志。虽然这可能需要你进行一些研究，但你可能会发现这份 <strong>免费</strong> 的高股本回报率公司集合，或者这份内部持股显著的股票列表对你有帮助。</p>
<p>如果你想交易北越，建议在专业人士信赖的最低成本平台 Interactive Brokers 开设账户。</p>
<p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让你可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
<p>享受无隐藏费用、无账户最低限额，外汇转换率低至 0.03%，远低于大多数经纪商提供的费用。</p>
<p>赞助内容</p>

3865

<p>北越集团（TSE:3865）报告了强劲的收益，但由于对潜在因素的担忧，市场反应平淡。来自异常项目的 28 亿日元收益扭曲了利润数据，引发了对可持续性的质疑。分析师表示，如果没有这一提振，利润可能会下降。尽管如此，北越的每股收益（EPS）显示出显著增长。投资者在评估公司潜力时，建议同时考虑法定收益和未来预测</p>

<p>Despite posting some strong earnings, the market for <strong>Hokuetsu Corporation's</strong> (TSE:3865) stock hasn't moved much. Our analysis suggests that this might be because shareholders have noticed some concerning underlying factors.</p>
<div class="lb-trans"><p>尽管发布了一些强劲的财报，但 <strong>北越株式会社</strong>（TSE:3865）的股票市场表现并没有太大变化。我们的分析表明，这可能是因为股东注意到了一些令人担忧的潜在因素。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/876645-earnings-and-revenue-history-1-dark/1748298568156" alt="" original-src="https://images.simplywall.st/asset/chart/876645-earnings-and-revenue-history-1-dark/1748298568156"/></p>
<p>TSE:3865 Earnings and Revenue History May 26th 2025</p>
<div class="lb-trans"><p>TSE:3865 财报和收入历史 2025 年 5 月 26 日</p>
</div><h2>How Do Unusual Items Influence Profit?</h2>
<div class="lb-trans"><h2>非常规项目如何影响利润？</h2>
</div><p>To properly understand Hokuetsu's profit results, we need to consider the JP¥2.8b gain attributed to unusual items. We can't deny that higher profits generally leave us optimistic, but we'd prefer it if the profit were to be sustainable. When we crunched the numbers on thousands of publicly listed companies, we found that a boost from unusual items in a given year is often <strong>not</strong> repeated the next year. And that's as you'd expect, given these boosts are described as 'unusual'. If Hokuetsu doesn't see that contribution repeat, then all else being equal we'd expect its profit to drop over the current year.</p>
<div class="lb-trans"><p>要正确理解北越的利润结果，我们需要考虑到 JP¥28 亿的非常规项目带来的收益。我们不能否认，较高的利润通常让我们感到乐观，但我们更希望利润是可持续的。当我们对数千家上市公司的数据进行分析时，我们发现某一年来自非常规项目的收益往往在下一年 <strong>不会</strong> 重复。这是可以预期的，因为这些收益被描述为'非常规'。如果北越没有看到这种贡献的重复，那么在其他条件相同的情况下，我们预计其利润将在当前年度下降。</p>
</div><p>That might leave you wondering what analysts are forecasting in terms of future profitability. Luckily, you can click here to see an interactive graph depicting future profitability, based on their estimates.</p>
<div class="lb-trans"><p>这可能让你想知道分析师对未来盈利能力的预测。幸运的是，你可以点击这里查看基于他们估计的未来盈利能力的互动图表。</p>
</div><h2>Our Take On Hokuetsu's Profit Performance</h2>
<div class="lb-trans"><h2>我们对北越利润表现的看法</h2>
</div><p>Arguably, Hokuetsu's statutory earnings have been distorted by unusual items boosting profit. Therefore, it seems possible to us that Hokuetsu's true underlying earnings power is actually less than its statutory profit. But the happy news is that, while acknowledging we have to look beyond the statutory numbers, those numbers are still improving, with EPS growing at a very high rate over the last year. The goal of this article has been to assess how well we can rely on the statutory earnings to reflect the company's potential, but there is plenty more to consider. While it's really important to consider how well a company's statutory earnings represent its true earnings power, it's also worth taking a look at what analysts are forecasting for the future. So feel free to check out our free graph representing analyst forecasts.</p>
<div class="lb-trans"><p>可以说，北越的法定收益被非常规项目扭曲，导致利润上升。因此，我们认为北越的真实潜在收益能力实际上可能低于其法定利润。但好消息是，尽管我们承认必须超越法定数字，但这些数字仍在改善，过去一年每股收益以非常高的速度增长。本文的目标是评估我们在多大程度上可以依赖法定收益来反映公司的潜力，但还有很多其他因素需要考虑。虽然考虑公司的法定收益在多大程度上代表其真实收益能力非常重要，但查看分析师对未来的预测也是值得的。因此，欢迎查看我们代表分析师预测的免费图表。</p>
</div><p>Today we've zoomed in on a single data point to better understand the nature of Hokuetsu's profit. But there are plenty of other ways to inform your opinion of a company. Some people consider a high return on equity to be a good sign of a quality business. While it might take a little research on your behalf, you may find this <strong>free</strong> collection of companies boasting high return on equity, or this list of stocks with significant insider holdings to be useful.</p>
<div class="lb-trans"><p>今天我们聚焦于一个单一的数据点，以更好地理解北越的利润性质。但还有许多其他方式可以帮助你形成对公司的看法。有些人认为高股本回报率是优质企业的良好标志。虽然这可能需要你进行一些研究，但你可能会发现这份 <strong>免费</strong> 的高股本回报率公司集合，或者这份内部持股显著的股票列表对你有帮助。</p>
</div><p>If you're looking to trade Hokuetsu, open an account with the lowest-cost platform trusted by professionals, Interactive Brokers.</p>
<div class="lb-trans"><p>如果你想交易北越，建议在专业人士信赖的最低成本平台 Interactive Brokers 开设账户。</p>
</div><p>With clients in over 200 countries and territories, and access to 160 markets, IBKR lets you trade stocks, options, futures, forex, bonds and funds from a single integrated account.</p>
<div class="lb-trans"><p>IBKR 在 200 多个国家和地区拥有客户，并可访问 160 个市场，让你可以通过一个集成账户交易股票、期权、期货、外汇、债券和基金。</p>
</div><p>Enjoy no hidden fees, no account minimums, and FX conversion rates as low as 0.03%, far better than what most brokers offer.</p>
<div class="lb-trans"><p>享受无隐藏费用、无账户最低限额，外汇转换率低至 0.03%，远低于大多数经纪商提供的费用。</p>
</div><p>Sponsored Content</p>
<div class="lb-trans"><p>赞助内容</p>
</div>

北越（TSE:3865）的收益质量值得怀疑