tiprankstipranks
Trending News
More News >

Jamco Reports Strong Q3 Growth Amid Dividend Suspension

Story Highlights
Jamco Reports Strong Q3 Growth Amid Dividend Suspension

Confident Investing Starts Here:

An update from Jamco ( (JP:7408) ) is now available.

Jamco Corporation reported significant financial growth in the third quarter of fiscal year 2024, with a 25.2% increase in net sales and a substantial rise in operating and ordinary income compared to the previous year. Despite these positive results, the company announced a resolution not to pay year-end dividends due to a planned tender offer for its common shares, which may impact shareholder returns.

More about Jamco

Jamco Corporation is a company listed on the Tokyo Stock Exchange, primarily operating in the aerospace industry. The company focuses on manufacturing aircraft interiors and components, catering to various airlines and aircraft manufacturers.

YTD Price Performance: 20.09%

Average Trading Volume: 1,500

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $318.5M

See more insights into 7408 stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1