Kitagawa Corporation Faces Profit Decline
Company Announcements

Kitagawa Corporation Faces Profit Decline

Kitagawa Corporation (JP:6317) has released an update.

Kitagawa Corporation reported a decline in operating profit by 77.2% and ordinary profit by 46.9% for the three months ending June 30, 2024, compared to the same period last year. Despite the downturn, the company maintains a stable equity-to-asset ratio of 50.2% and forecasts a year-end dividend of 40 yen per share. No changes in significant subsidiaries or accounting policies were reported, aside from those due to revisions in accounting standards.

For further insights into JP:6317 stock, check out TipRanks’ Stock Analysis page.

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