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Mitachi Co., Ltd. Faces Declining Profits but Increases Assets

Mitachi Co., Ltd. Faces Declining Profits but Increases Assets

Mitachi Co., Ltd. (JP:3321) has released an update.

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Mitachi Co., Ltd. reports a decline in quarterly operating results, with net sales dropping by 4% and operating profit by 35.9% compared to the previous year. The company’s total assets have increased significantly to 36,257 million yens, but the capital adequacy ratio has decreased from 71.9% to 41.0%. A second-quarter dividend of 20.00 yen per share has been declared.

For further insights into JP:3321 stock, check out TipRanks’ Stock Analysis page.

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