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Fenwal Controls of Japan surges to new high on 50% operating profit growth in Q1 driven by fire protection and semiconductor demand
Fenwal Controls of Japan,Ltd. <6870> shares jumped to their daily limit-up of 2,596 yen, hitting a record high since its listing. The rally followed the release of consolidated first-quarter results on April 30. While revenue rose 10.0% year-on-year to 4.25 billion yen, ordinary profit surged 49.5% to 850 million yen. Despite being only the first quarter, the ordinary profit progress hit 77% of the full-year forecast, fueling investor expectations for an upward revision. In the SSP (Safety, Security, Protection) segment, gas fire extinguishing and explosion suppression systems performed strongly amid rising demand for fire protection maintenance and renovations. The Thermal segment also provided a significant boost, with orders and sales of heating plates and sensors for semiconductor manufacturing equipment increasing substantially. Net profit declined due to the absence of a one-time gain from an affiliate liquidation recorded a year earlier.
Source: MINKABU PRESS
*Translated by generative AI. Click here for the original article.
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