QD Laser Sets Profitability Goal by Fiscal Year 2027 in Mid-Term Plan

MT Newswires Live
2024-11-22

QD Laser (TYO:6613) targets profitability by the fiscal year ending March 2027 with net sales reaching 1.95 billion yen and operating profit of 7 million yen under its baseline plan, according to a Thursday filing on the Tokyo Stock Exchange.

The plan focuses on its laser device and visual information device (VID) businesses, aiming for annual growth of 20%-25% in the laser device segment, with improved gross margins of 45% by FY26.

The VID business will collaborate with partners to reduce financial burdens while pursuing new products like Smart Glasses and Vision Health Care services. Operating loss is expected at 331 million yen for FY26, with a return to profitability by FY27.

Price (JPY): $328.00, Change: $+8.0, Percent Change: +2.50%

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