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GLOBERIDE, Inc. Reports Decline in Nine-Month Financial Results but Maintains Dividend Outlook

Story Highlights
  • GLOBERIDE, Inc. saw decreased sales and profits for the period ending December 2024.
  • Despite lower profits, the company plans to increase dividends, showing financial resilience.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
GLOBERIDE, Inc. Reports Decline in Nine-Month Financial Results but Maintains Dividend Outlook

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GLOBERIDE, Inc. ( (JP:7990) ) has issued an update.

GLOBERIDE, Inc. reported a decrease in net sales and profits for the nine months ending December 31, 2024, compared to the previous year. Despite the decline, the company maintained a stable equity ratio and increased its dividend forecast, indicating resilience in its financial strategy. The anticipated financial results for the fiscal year ending March 31, 2025, suggest a slight increase in net sales, with a notable decrease in profit margins, reflecting ongoing challenges in the market.

More about GLOBERIDE, Inc.

GLOBERIDE, Inc., listed on the Tokyo Stock Exchange, operates primarily in the manufacturing industry with a focus on producing sporting goods and equipment. The company is known for its diverse range of products aimed at outdoor and sports enthusiasts.

YTD Price Performance: -0.36%

Average Trading Volume: 35,211

Technical Sentiment Consensus Rating: Hold

Current Market Cap: Yen44.21B

See more insights into 7990 stock on TipRanks’ Stock Analysis page.

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