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The latest announcement is out from Alps Alpine Co ( (JP:6770) ).
Alps Alpine Co., Ltd. reported a slight increase in net sales for the nine months ending December 31, 2024, with a total of ¥740,616 million, marking a 0.7% rise year-on-year. The company experienced a significant boost in operating profit, growing by 22.9% to ¥25,295 million, while ordinary profit increased by 2.2% to ¥24,459 million. Profit attributable to owners of the parent reversed from a loss to ¥9,912 million, indicating a recovery in financial performance. Alps Alpine has revised its earnings forecast for the fiscal year ending March 31, 2025, with expectations of further growth in net sales and operating profit. The company’s improved financial health and forecast adjustments may positively influence its market position and stakeholder confidence.
More about Alps Alpine Co
Alps Alpine Co., Ltd. is a company listed on the Prime Market of the Tokyo Stock Exchange, focusing on electronics and automotive components. The company is known for producing a wide range of electronic products and systems, catering to various sectors including consumer electronics and automotive industries.
YTD Price Performance: 0.10%
Average Trading Volume: 150
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.09B
See more insights into 6770 stock on TipRanks’ Stock Analysis page.
