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Meidensha Corporation ( (JP:6508) ) just unveiled an announcement.
Meidensha Corporation reported higher profitability in the third quarter of fiscal 2025 despite a year-on-year decline in orders, with net sales rising 6.7% from the previous year’s third quarter and operating income, ordinary income, and net income all posting double-digit percentage growth. The company also raised or reaffirmed its full-year fiscal 2025 forecast above fiscal 2024 results for net sales, operating and ordinary income, and profit attributable to owners of the parent, signaling confidence in sustained earnings improvement across its power infrastructure, public and industrial, mobility, field services, and other business segments.
The most recent analyst rating on (JP:6508) stock is a Hold with a Yen6577.00 price target. To see the full list of analyst forecasts on Meidensha Corporation stock, see the JP:6508 Stock Forecast page.
More about Meidensha Corporation
Meidensha Corporation is a Japanese manufacturer listed on the Tokyo Stock Exchange (TSE:6508), operating in the electrical and industrial systems sector. The company provides power infrastructure equipment, public and industrial systems, mobility and electrical components, field service engineering, as well as engaging in real estate and other related businesses, serving both domestic and overseas markets.
Average Trading Volume: 258,857
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen276.3B
For detailed information about 6508 stock, go to TipRanks’ Stock Analysis page.