Japan Steel Works (JP:5631) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
The Japan Steel Works, Ltd. reported a decrease in net sales by 13.1% but a significant increase in profits for the first quarter ended June 30, 2024, with operating profit and profit attributable to owners up by 54.9% and 47.7%, respectively. Total assets rose marginally from the previous quarter, while the equity ratio saw a slight decline. The company also forecasts an overall improvement in financial performance for the fiscal year ending March 31, 2025, including a 4.9% increase in net sales and higher dividends.
For further insights into JP:5631 stock, check out TipRanks’ Stock Analysis page.