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MEDINET Co., Ltd. Reports Financial Challenges in Q1 2024

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MEDINET Co., Ltd. Reports Financial Challenges in Q1 2024

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MEDINET Co., Ltd. ( (JP:2370) ) has shared an announcement.

MEDINET Co., Ltd. reported a decrease in net sales by 17.7% for the first quarter ending December 2024, with a net loss of 345 million yen, indicating financial challenges. Despite a high capital adequacy ratio of 91%, the company did not declare any dividends, highlighting a cautious financial approach amidst declining profits.

More about MEDINET Co., Ltd.

MEDINET Co., Ltd. operates in the general business category and is listed on the Tokyo Growth Stock Exchange. The company is involved in providing various products and services, although specific details about its industry or market focus are not provided in the document.

Average Trading Volume: 1,112,237

Technical Sentiment Consensus Rating: Buy

Current Market Cap: Yen9.52B

Find detailed analytics on 2370 stock on TipRanks’ Stock Analysis page.

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