Alps Alpine Reports Remarkable Quarterly Recovery

Alps Alpine Co (JP:6770) has released an update.

Alps Alpine Co., Ltd. reported a significant increase in its consolidated financial results for the three months ending June 30, 2024, with net income attributable to owners of the parent jumping to 445 million yen, a stark contrast to the previous year’s loss. The company also forecasts a mixed financial performance for the fiscal year ending March 31, 2025, expecting a decrease in net sales but an increase in operating income. Additionally, Alps Alpine has announced a dividend forecast of 60 yen per share for the fiscal year.

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