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An update from Diamond Electric Holdings Co., Ltd. ( (JP:6699) ) is now available.
Diamond Electric Holdings Co., Ltd. reported an increase in sales and profit for its mobility equipment segment, driven by higher production in the U.S. and China. However, the energy solutions segment faced profit declines due to lower insurance recovery, and the home electronics segment saw a revenue decrease due to weak European demand, despite a slight profit increase from improved sales mix and manufacturing efficiencies. The overall financial performance showed a significant rise in operating profit, although ordinary profit and net profit were impacted by higher interest expenses and corporate taxes.
More about Diamond Electric Holdings Co., Ltd.
Diamond Electric Holdings Co., Ltd. operates in the mobility equipment, energy solutions, and home electronics industries. The company is listed on the Tokyo Stock Exchange Prime Market and focuses on producing internal combustion engine vehicles, energy solutions, and home electronics, with significant market activities in the U.S., China, and Europe.
Average Trading Volume: 14,944
Technical Sentiment Signal: Buy
Current Market Cap: Yen5.07B
For a thorough assessment of 6699 stock, go to TipRanks’ Stock Analysis page.