Howa Machinery, Ltd. (JP:6203) has released an update.
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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.