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Precision System Science Returns to Profit as Sales Climb

Precision System Science Co. Ltd. (7707.TO) swung to a net profit for the first half of the fiscal year ended December 31, 2024, reversing a significant loss from the previous year. The Japanese laboratory equipment maker reported a net income of 61.00 million yen, supported by a year-over-year revenue increase to 2.53 billion yen.

Precision System Science Returns to Profit as Sales Climb

The company's operational performance showed a marked improvement, with operating profit reaching 84.00 million yen. This result represents a substantial recovery from the 111.00 million yen operating loss reported during the same period in 2023. Pretax profit followed a similar trajectory, coming in at 69.00 million yen against a prior loss of 119.00 million yen.

Reversal of Losses

According to the official filing based on Japanese accounting standards, the swing to profitability has significantly bolstered the company's per-share valuation. Earnings per share rose to 2.27 yen, a sharp contrast to the loss of 5.65 yen per share recorded a year earlier.

Key financial data for the half-year period includes:

  • Total revenue reached 2.53 billion yen, up from 2.20 billion yen.
    • Operating profit climbed to 84.00 million yen from a loss position.
  • Net profit stood at 61.00 million yen for the six months ending December 31.
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