Howa Machinery, Ltd. (JP:6203) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Howa Machinery, Ltd. reports a significant improvement in its operating profit by 197.7% and a 93.3% increase in profit attributable to owners of the parent company compared to the previous year. However, the company experienced a slight decrease in net sales by 1.1%. The capital adequacy ratio slightly decreased from 57.2% to 55.0%, indicating a strong balance sheet despite the drop in sales.
For further insights into JP:6203 stock, check out TipRanks’ Stock Analysis page.