CTS Co., Ltd. (JP:4345) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
CTS Co., Ltd. reported improved financial performance for Q1 ending June 30, 2024, with net sales up by 5.9%, operating profit by 12.4%, and profit attributable to owners by 9.8% compared to the previous year. The company saw a slight increase in its equity ratio from 73.2% to 74.2%, indicating a stronger financial position. Additionally, CTS forecasts further growth in the full fiscal year with net sales expected to rise by 8.2% and profits by 6.5%.
For further insights into JP:4345 stock, check out TipRanks’ Stock Analysis page.