NPC Inc.'s revenue grew 642.5% in the first quarter of fiscal 2014

Japanese PV manufacturing equipment provider NPC Inc. reported a 642.5% year-on-year increase in sales for the quarter ended Aug. 31, 2013. Total quarterly revenue grew to ¥3,362 million ($32.7 million) in the first quarter of fiscal 2014 from just ¥452 million for the same quarter a year earlier. The company’s operating income for the latest quarter reached ¥44 million, but its net loss increased to ¥354 million – the company recorded a net loss of ¥335 million for the same period last year. The company has not released forecasts for the first half of the current fiscal year because »the size of each order received in the photovoltaic business is getting larger and the timing of sales booking for these orders are influenced fully by many uncertain external factors. «

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