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ANEST IWATA Corp. ( (JP:6381) ) has provided an update.
ANEST IWATA Corp. reported a 1.8% increase in net sales for FY2024, driven by a sales recovery in Japan and expanded coating equipment sales in Europe. However, operating profit slightly decreased due to higher overseas expenses and a weaker yen. The company has initiated a new medium-term business plan aiming to boost revenue across all regions, with a focus on air compressors. Despite an expected decline in profit due to rising personnel costs and investments, ANEST IWATA plans to enhance shareholder returns through dividends and share buybacks.
More about ANEST IWATA Corp.
ANEST IWATA Corp. operates in the machinery industry, focusing on the production and sales of coating equipment and air compressors. The company has a significant market presence in Japan and Europe, with an emphasis on expanding its air compressor sales in Japan and India.
Average Trading Volume: 56,139
Technical Sentiment Signal: Hold
Current Market Cap: Yen44.01B
For a thorough assessment of 6381 stock, go to TipRanks’ Stock Analysis page.