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HOKUETSU INDUSTRIES CO., LTD. ( (JP:6364) ) just unveiled an update.
Hokuetsu Industries reported a notable increase in net sales by 3.6% for the nine months ending December 31, 2024, compared to the previous year. Despite the rise in sales, the company experienced a decrease in operating profit by 15.3%, highlighting challenges in operational efficiency. The financial forecast for the fiscal year ending March 31, 2025, anticipates a rise in net sales and operating profit, indicating a cautiously optimistic outlook amid ongoing market challenges.
More about HOKUETSU INDUSTRIES CO., LTD.
Hokuetsu Industries Co., Ltd. is a company listed on the Tokyo Stock Exchange, engaging primarily in the production of industrial machinery. The company is recognized for its focus on air compressors and other related products, catering to both domestic and international markets.
YTD Price Performance: 11.72%
Average Trading Volume: 26,554
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: Yen58.2B
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