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HIRANO TECSEED Q1 Report Shows Decreased Earnings

HIRANO TECSEED Q1 Report Shows Decreased Earnings

Hirano Tecseed Co., Ltd. (JP:6245) has released an update.

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HIRANO TECSEED Co., Ltd. reported a decline in its consolidated financial results for the first quarter ended June 30, 2024, with net sales, operating income, ordinary income, and net income attributable to owners of parent decreasing by 3.9%, 53.5%, 36.7%, and 29.8%, respectively, compared to the previous year. Despite this, the company anticipates a turnaround with its full-year forecast predicting an increase in operating income, ordinary income, and net income. The equity ratio slightly decreased from 61.3% to 59.6%, while total assets grew to ¥64,201 million as of June 30, 2024.

For further insights into JP:6245 stock, check out TipRanks’ Stock Analysis page.

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