AMADA HOLDINGS CO ( (AMDWF) ) has released its Q3 earnings. Here is a breakdown of the information AMADA HOLDINGS CO presented to its investors.
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Amada Holdings Co., Ltd. is a prominent company in the metalworking machinery sector, specializing in the manufacturing and sales of metalworking machines, metal machine tools, and real estate leasing. The company is listed on the Prime Market of the Tokyo Stock Exchange.
For the nine months ending December 31, 2024, Amada Holdings reported a decline in key financial metrics compared to the previous year. Revenue decreased by 3.6% to ¥274,831 million, while operating profit dropped by 22.2% to ¥31,332 million. The profit attributable to owners of the parent also saw a significant reduction of 27.3% to ¥20,365 million.
Despite the overall decline in financial results, the company managed to increase its cash and cash equivalents from ¥93,420 million to ¥95,600 million. Additionally, the company showed a reduction in liabilities, with total liabilities decreasing from ¥146,656 million to ¥124,355 million. The company also saw a notable sale of real estate for lease contributing to segment profits.
Looking forward, Amada Holdings forecasts a slight increase in annual revenue by 0.4% to ¥405,000 million, but expects a further decline in operating profit and profit attributable to owners of the parent by 6.2% and 11.4%, respectively, for the fiscal year ending March 2025. Despite these challenges, the company continues to maintain a strong equity position, with equity attributable to owners of the parent standing at ¥524,110 million.
