Arakawa Chemical Reports Strong Quarterly Growth

Arakawa Chemical Industries,Ltd. (JP:4968) has released an update.

Arakawa Chemical Industries, Ltd. reported a positive turnaround in their financial performance for the three months ending June 30, 2024, with net sales increasing by 11.3% to 19,261 million yen and profits attributable to owners of the parent surging to 1,799 million yen, a marked improvement from the previous year’s losses. The company’s equity ratio also saw a slight increase from 44.8% to 47.1%, indicating a stronger financial position. They have maintained their annual dividend forecast at 48.00 yen per share, with no changes from the prior announcement.

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