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Espec Corp. Upgrades Financial and Dividend Forecasts for Fiscal 2024

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Espec Corp. Upgrades Financial and Dividend Forecasts for Fiscal 2024

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An announcement from Espec Corp. ( (JP:6859) ) is now available.

Espec Corp. has revised its consolidated full-year financial forecast for fiscal 2024, anticipating higher net sales, operating income, and ordinary income than previously expected. This upward revision is attributed to better-than-expected financial results for the first nine months of fiscal 2024 and the sale of cross-shareholdings, which will be recorded as extraordinary income. Consequently, the company has also increased its year-end dividend forecast by 15 yen per share, reflecting its commitment to returning profits to shareholders.

More about Espec Corp.

Espec Corp. operates in the technology sector and is listed on the Tokyo Stock Exchange’s Prime Market. The company is known for its environmental testing equipment and services, focusing on providing solutions for various industries to ensure product reliability and safety.

YTD Price Performance: -9.40%

Average Trading Volume: 58,167

Technical Sentiment Consensus Rating: Hold

Current Market Cap: Yen54.97B

Find detailed analytics on 6859 stock on TipRanks’ Stock Analysis page.

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