tiprankstipranks
Company Announcements

Alps Alpine Co. Reports Significant Foreign Exchange Gains in Q3

Story Highlights
  • Alps Alpine Co. reports a 3.64 billion yen foreign exchange gain in Q3.
  • The company’s financial results for the nine months ending December 31, 2024, show a 0.992 billion yen foreign exchange loss.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Alps Alpine Co. Reports Significant Foreign Exchange Gains in Q3

Discover the Best Stocks and Maximize Your Portfolio:

The latest update is out from Alps Alpine Co ( (JP:6770) ).

Alps Alpine Co. has reported a non-operating income of 3.64 billion yen due to foreign exchange gains in the third quarter of the fiscal year ending March 31, 2025. This gain results from the revaluation of foreign currency-denominated credits and debits caused by yen depreciation. Despite this gain, the company experienced a foreign exchange loss of 0.992 billion yen over the nine months ending December 31, 2024. These financial changes significantly impacted the company’s consolidated financial results for the nine months of 2024.

More about Alps Alpine Co

YTD Price Performance: 2.47%

Average Trading Volume: 150

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $2.08B

For a thorough assessment of 6770 stock, go to TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1