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Fujitec Co., Ltd. ( (JP:6406) ) just unveiled an update.
Fujitec Co., Ltd. reported its consolidated business results for the third quarter ended December 31, 2024, showing a 6.7% increase in net sales compared to the same period last year. However, the profit attributable to owners of the parent decreased by 28.9%, reflecting challenges in maintaining profitability amid rising operational costs. The company also revised its business performance forecasts, anticipating a 5.5% increase in net sales for the fiscal year ending March 31, 2025, but a 20.4% drop in profit attributable to owners of the parent. This announcement highlights the company’s ongoing efforts to balance growth and profitability in a competitive market.
More about Fujitec Co., Ltd.
Fujitec Co., Ltd. operates in the elevator and escalator industry, providing services and products related to vertical transportation systems. The company is listed on the Tokyo Stock Exchange and is focused on delivering advanced mobility solutions to enhance urban infrastructure.
YTD Price Performance: -3.86%
Average Trading Volume: 167,338
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen448.3B
For a thorough assessment of 6406 stock, go to TipRanks’ Stock Analysis page.
