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Ubiteq Swings to Profit as First-Half Revenue Reaches Y679 Million

Ubiteq Inc. (6662.TO) returned to profitability in the first half of the fiscal year ending December 31, reversing a significant prior-year loss on the back of double-digit revenue growth. The Japanese technology provider reported a net profit of 32.00 million yen, signaling a successful operational turnaround compared to the 129.00 million yen loss recorded during the same period last year.

Ubiteq Swings to Profit as First-Half Revenue Reaches Y679 Million

The Tokyo-listed firm saw its revenue rise to 679.00 million yen, up from 559.00 million yen a year earlier. This increase in sales volume allowed the company to overcome previous deficits, resulting in an operating profit of 32.00 million yen. The recovery highlights a shift in the company's financial trajectory as it stabilizes its core business operations.

Strengthening Financial Fundamentals

Beyond the headline revenue gains, Ubiteq showed improvement across its entire balance sheet. The company's pretax profit reached 33.00 million yen, a stark contrast to the 128.00 million yen loss reported in the previous half-year. This performance translated to earnings per share of 2.20 yen, successfully erasing the 8.75 yen loss per share from the 2024 fiscal period.

According to the official filing, these results are based on Japanese accounting standards. The data confirms that the company has effectively managed its cost of goods sold and operating expenses to capitalize on the higher revenue base.

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