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ANEST IWATA Corp. ( (JP:6381) ) just unveiled an announcement.
ANEST IWATA Corp. reported a 2.6% year-on-year increase in net sales for the third quarter of FY2024, driven by European sales of coating equipment and air compressors. Despite a slight rise in operating profit, the company is facing increased SG&A expenses due to yen depreciation and labor costs, prompting a downward revision of its full-year forecast amid slow recovery in the Chinese market.
More about ANEST IWATA Corp.
ANEST IWATA Corp. operates in the machinery industry, focusing on coating equipment and air compressor products. The company is active in markets such as Europe and China.
YTD Price Performance: -6.52%
Average Trading Volume: 51,063
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen53.6B
Find detailed analytics on 6381 stock on TipRanks’ Stock Analysis page.