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Alt, Inc. Reports Fiscal Year 2024 Financial Results Amid Strategic Changes

Story Highlights
  • Alt, Inc. reported a net sales of ¥6,057 million with a loss of ¥2,694 million.
  • The company forecasts a 39.5% sales increase for fiscal year 2025, indicating potential growth.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Alt, Inc. Reports Fiscal Year 2024 Financial Results Amid Strategic Changes

Alt, Inc. ( (JP:260A) ) just unveiled an update.

Alt, Inc. reported its consolidated financial results for the fiscal year ended December 31, 2024, showing a net sales figure of ¥6,057 million but also a significant loss of ¥2,694 million attributable to the owners of the parent company. This marks the first year the company has prepared consolidated financial statements, and it conducted a 100-for-1 common stock split during the year. Despite the losses, the company forecasts a 39.5% increase in net sales for the fiscal year ending December 31, 2025, indicating potential growth and recovery. The financial report highlights the company’s strategic changes, including the acquisition and cancellation of preferred shares, which may impact its equity structure and shareholder value.

More about Alt, Inc.

Alt, Inc. is a company listed on the Tokyo Stock Exchange, operating in the artificial intelligence industry. The company focuses on developing AI technologies and solutions, aiming to enhance various business operations and processes.

YTD Price Performance: -3.66%

Average Trading Volume: 2,106,836

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: Yen20.09B

For an in-depth examination of 260A stock, go to TipRanks’ Stock Analysis page.

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