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Sources: Japan to post record-high tax revenue for 5th year
Sources: Japan to post record-high tax revenue for 5th year

NHK

time2 days ago

  • Business
  • NHK

Sources: Japan to post record-high tax revenue for 5th year

Sources say that Japan's tax collectors brought in a record amount of revenue for the fifth consecutive year. Contributing factors include healthy bottom lines at corporations and higher consumption-tax proceeds due to inflation. The Finance Ministry estimates that total tax revenue for fiscal 2024 that ended in March topped 75 trillion yen, or 522 billion dollars. The figure would be at least 1.6 trillion yen more than a projection last November when a supplementary budget was being compiled. The ministry plans to announce the official results as early as this week.

Accenture Tops Q3 Estimates, Lifts Full-Year Sales, Profit Outlook
Accenture Tops Q3 Estimates, Lifts Full-Year Sales, Profit Outlook

Yahoo

time20-06-2025

  • Business
  • Yahoo

Accenture Tops Q3 Estimates, Lifts Full-Year Sales, Profit Outlook

Accenture (ACN) on Friday reported better-than-expected fiscal third-quarter results and lifted its full-year revenue and profit projections. The company reported earnings per share (EPS) of $3.49 on revenue that grew 8% year-over-year to $17.73 billion. Analysts had expected $3.29 and $17.33 billion, respectively, according to estimates compiled by Visible Alpha. Accenture lifted the bottom end of its full-year revenue forecast again, now projecting 6% to 7% growth from fiscal 2024, and also raised its EPS estimate to $12.77 to $12.89. Last quarter, Accenture raised the lower end of its fiscal 2025 revenue growth and EPS ranges, forecasting 5% to 7% sales growth and EPS of $12.55 to $12.79. Despite the solid top- and bottom-line results, Accenture shares were down 3% immediately following the report's release. They entered Friday down about 13% since the start of the year. Read the original article on Investopedia

Japan to study ways to help more pregnant women in danger
Japan to study ways to help more pregnant women in danger

Japan Times

time09-06-2025

  • Health
  • Japan Times

Japan to study ways to help more pregnant women in danger

The Children and Families Agency will examine ways to help more pregnant women under difficult conditions, such as abuse and poverty, benefit from its program to provide them with a safe childbirth environment. The program was launched in fiscal 2024 to prevent life-threatening situations for struggling women and their babies. As of January this year, 23 prefectural and municipal governments had taken part and offered temporary housing, meals, medical services and other necessary assistance through individual consultations. Assistance seekers include youngsters who ran away from home due to bad relations with their parents, or other guardians, and those fleeing their partners' violence, agency officials said. Still, some women who unexpectedly got pregnant have been taken to hospitals in critical conditions, had their children die shortly after delivery, or killed their newborn babies and themselves. In a move to further prevent childbirths with a high possibility of negative outcomes, the agency will conduct a survey from next month to around the end of the current fiscal year through March 2026. It will first learn the roles that infant homes and support facilities are actually playing in the program and then, upon their consent, hear directly from women who eventually became eligible for the public support. The survey results will provide the basis for subsequent discussions on how to improve the knowledge of relevant local government officials and medical professionals about the program so they can recommend appropriate assistance measures for expectant mothers in trouble. "I think we can help more pregnant women on the edge of a precipice if we learn their life experiences and explain the process of how some such women became able to receive assistance," an agency official in charge of the program said. The agency also aims to improve the program and bring more local governments on board.

BOJ sets aside maximum provisions for bond transactions, Nikkei reports
BOJ sets aside maximum provisions for bond transactions, Nikkei reports

CNA

time01-06-2025

  • Business
  • CNA

BOJ sets aside maximum provisions for bond transactions, Nikkei reports

The Bank of Japan has set aside the maximum provision for losses on bond transactions, the Nikkei reported on Monday. For fiscal 2024, BOJ raised the level of provisions to 100 per cent for the first time, signaling that the central bank expects higher interest payments to financial institutions to impact its capital base, the newspaper reported. Japan's central bank kept short-term interest rates steady at 0.5 per cent in its May meeting, with pressures mounting to keep hiking borrowing costs.

2 Penny Stocks That Wall Street Thinks Can Gain 118% to 160% From Here
2 Penny Stocks That Wall Street Thinks Can Gain 118% to 160% From Here

Globe and Mail

time26-05-2025

  • Business
  • Globe and Mail

2 Penny Stocks That Wall Street Thinks Can Gain 118% to 160% From Here

Penny stocks are shares of small companies that trade for less than $5 per share. The advantage of investing in penny stocks is that you can buy a large number of shares for a small sum of money, and if the underlying company succeeds, the return on investment can be significant. However, they can be very volatile and hence very risky. Investors who can stomach these risks may find these 'Strong Buy'-rated penny stocks appealing over the long run. Penny Stock #1: Lantronix With a market cap of $88.4 million, Lantronix (LTRX) is a technology company that makes devices that connect sensors, machines, and systems to the internet. These products are widely used in industrial automation, smart cities, healthcare, and transportation. It also offers software solutions that enable secure data access and management in the Internet of Things (IoT) and remote computing environments. While fiscal 2024 showed strong growth, recent quarters have been challenging. The stock is down 45.8% year to date, while the S&P 500 Index ($SPX) is up 0.5%. Nonetheless, Wall Street rates the stock as a 'Strong Buy' with upside potential of more than 115%. In fiscal 2024, Lantronix achieved significant milestones, with annual revenue rising 22% year-over-year to $160.3 million, with a 74% increase in adjusted earnings to $0.40 per share. However, the momentum from fiscal 2024 did not carry into fiscal 2025. In the most recent third quarter, total revenue fell 30.8% to $28.5 million, while adjusted earnings per share fell to $0.03 from $0.11 in the year-ago quarter. The company attributed the declines to macroeconomic challenges and restructuring efforts. Management stated that the company will continue to invest in high-growth areas like AI-enabled gateways and 5G connectivity. Lantronix is actively pursuing strategies to regain its growth trajectory. In the third quarter, it launched the Open-Q 8550CS System on Module (SoM), built on Qualcomm's (QCOM) QCS8550 processor, which targets next-generation industrial and robotics applications. The company has also hired new executives to spearhead strategic expansion. Furthermore, it has collaborated with Teledyne/FLIR to enable AI-driven drone thermal cameras, demonstrating the capabilities of its Open-Q platform in mission-critical edge vision systems. These initiatives are intended to position Lantronix favorably in the evolving IoT landscape. Analysts expect Lantronix revenue and earnings to fall for the full year fiscal 2025. However, revenue and earnings could increase by 3.2% and 38% in fiscal 2026. On Wall Street, of the five analysts that cover Lantronix stock, four rate it a 'Strong Buy,' while one recommends a 'Moderate Buy.' Needham analyst Ryan Koontz believes that while the recent quarter produced mixed results and a cautious outlook due to macroeconomic uncertainty, these challenges are temporary. He sees Lantronix's strategic shift to edge AI and compute applications as a key driver of future success. However, reflecting this balanced view, he reduced the price target to $4.50 while maintaining his 'Buy' rating. The mean target price for the stock is $4.90, which is 118% above current levels. The Street-high estimate of $8 implies upside of 257% over the next 12 months. Lantronix's fiscal 2024 performance demonstrated its potential in the IoT market. However, given the company's fiscal 2025 performance, investors should keep an eye on whether it can reestablish its growth trajectory in the highly competitive IoT market. Penny Stock #2: Ceragon Networks With a market cap of $206 million, Ceragon Networks (CRNT) is a global provider of wireless backhaul solutions. It specializes in high-capacity, cost-effective wireless transport for mobile operators and private networks. Ceragon stock is down 50% year-to-date, compared to the broader market index. In 2024, Ceragon reported revenues of $394.2 million, up 13.5% year on year. The company reported its highest revenue since 2012, thanks to strong demand in India and an increase in private network deployments. In the first quarter of 2025, Ceragon reported revenues of $88.7 million, a slight increase of 0.2% year-over-year. However, adjusted earnings per share fell to $0.03, compared to $0.05 in the year-ago quarter. Ceragon has introduced several innovative products to bolster its market position, including millimeter-wave solutions like the IP-50EX and IP-50CX. In February, Ceragon completed the acquisition of End 2 End (E2E) Technologies, a U.S.-based systems integration and software firm specializing in private networks for the energy and utilities sectors. The acquisition is expected to contribute $15 million to $19 million in revenues for 2025 and be accretive to non-GAAP earnings in the second half of the year. Ceragon has set a revenue guidance range of $390 million to $430 million for 2025, including contributions from the E2E acquisition. Analysts predict revenue growth to be roughly 7.9% in 2026, followed by earnings growth of 44.6%. On Wall Street, of the five analysts that cover Ceragon stock, four rate it a 'Strong Buy' while one recommends a 'Moderate Buy.' The mean target price for the stock is $6.10, which is 160% above current levels. The Street-high estimate of $10 implies upside of 327% over the next 12 months. With the ongoing expansion of 5G networks and rising demand for high-speed data transmission, Ceragon's long-term prospects are promising. However, as a penny stock, investors should closely monitor the company's strategic plans and ability to navigate the competitive telecommunications market.

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