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JTEKT ( (JP:6473) ) has issued an update.
JTEKT Corporation reported a decline in its financial performance for the nine months ending December 31, 2024, with significant drops in revenue, business profit, and profit before income taxes compared to the previous year. The company’s comprehensive income also saw a decrease, indicating financial challenges. Despite the reduced earnings, JTEKT has announced a forecasted increase in cash dividends for the fiscal year ending March 31, 2025, suggesting an effort to maintain shareholder value amidst the downturn.
More about JTEKT
JTEKT Corporation operates in the automotive and industrial equipment industry, providing a range of products including steering systems, driveline components, and machine tools. The company is listed on the Tokyo and Nagoya stock exchanges.
YTD Price Performance: -0.34%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.51B
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