HIRATA Corporation Forecasts Growth Amid Mixed Q1 Results

Hirata (JP:6258) has released an update.

HIRATA Corporation reported a 6.3% increase in net sales but a decrease in operating profit, ordinary profit, and profit attributable to owners by 19.3%, 19.0%, and 34.6% respectively in the first quarter of 2024 compared to the previous year. The company’s consolidated financial position shows a slight dip in the equity-to-asset ratio from 49.7% to 48.3% as of June 2024. Despite the mixed results, HIRATA projects a significant growth for the fiscal year ending in March 2025, with forecasts indicating increases in net sales and profits.

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