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Iwaki Co. Ltd. ( (JP:6237) ) just unveiled an announcement.
Iwaki Co., Ltd. reported a discrepancy between its forecasted and actual financial results for the fiscal year ending March 2025, primarily due to delayed market recovery in South Korea and China. Despite lower-than-expected net sales, the company achieved higher operating income and profits due to cost reductions and favorable product mix. Additionally, the company announced a year-end dividend of 45 yen per share, including a commemorative dividend, as a token of gratitude for achieving its ‘Iwaki Group 10 Year Vision’ targets ahead of schedule, resulting in an annual dividend payout ratio of 34.6%.
More about Iwaki Co. Ltd.
Iwaki Co., Ltd. operates in the industrial sector, focusing on the production and distribution of pumps and related equipment, with a significant market presence in the semiconductor and liquid crystal industries.
Average Trading Volume: 22,680
Technical Sentiment Signal: Hold
Current Market Cap: Yen52.05B
For detailed information about 6237 stock, go to TipRanks’ Stock Analysis page.