Forval Corporation (JP:8275) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Forval Corporation reported a 10.4% increase in net sales for the three months ended June 30, 2024, but saw a 23.1% decline in profit attributable to owners compared to the same period last year. Despite the decrease in profit, the company’s overall financial position remained solid with a slight increase in the equity ratio from 40.5% to 41.5%. Looking forward, Forval anticipates a 5.5% rise in full-year net sales and a moderate increase in profits, with earnings per share projected at 80.16 yen.
For further insights into JP:8275 stock, check out TipRanks’ Stock Analysis page.