Fujitec Co., Ltd. (JP:6406) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Fujitec Co., Ltd. reported a solid first quarter for the fiscal year ending June 30, 2024, with net sales up by 11.4% and a 9.9% increase in profit attributable to owners. Despite a slight decrease in the shareholders’ equity ratio from 57.9% to 57.1%, the company maintains a strong financial position with total assets increasing. Looking forward, Fujitec provides an optimistic forecast for the fiscal year, expecting a rise in net sales and operating income, albeit with a slight dip in net income per share.
For further insights into JP:6406 stock, check out TipRanks’ Stock Analysis page.