Mitsuba Corporation (JP:7280) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
MITSUBA Corporation reported a strong performance in the first quarter of 2024 with net sales increasing by 6.8%, operating profit soaring by 160.4%, and profit attributable to owners jumping by 216.6% compared to the same period last year. Basic earnings per share also saw a significant rise from 20.66 yen to 75.82 yen. Despite a robust quarter, the company is forecasting a modest increase in net sales and a decline in profits for the full fiscal year ending March 31, 2025.
For further insights into JP:7280 stock, check out TipRanks’ Stock Analysis page.