Ascentech Profits Plummet as Revenue Halves in First Quarter

The company’s financial report, prepared under Japanese accounting standards, shows revenue sliding to 3.41 billion yen, down from 6.25 billion yen in the same quarter of 2025. Operating profit also retreated to 571 million yen, compared to 779 million yen during the same period last year.

The impact on the bottom line was further exacerbated by a substantial drop in pretax profit, which fell to 363 million yen from 1.14 billion yen. Consequently, earnings per share for the quarter settled at 5.80 yen, trailing well behind the 18.57 yen recorded during the first quarter of the previous fiscal year.