Mitsubishi Kakoki Kaisha,Ltd. (JP:6331) has released an update.
Claim 50% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
Mitsubishi Kakoki Kaisha, Ltd. reports a significant year-on-year increase in its consolidated financial results for the three months ending June 30, 2024, with net sales up by 29.2%, and profits attributable to owners jumping by 108.1% compared to the same period in 2023. The company’s equity ratio also saw a slight increase from 54.7% to 56.1% at the end of June 2024. Despite these positive results, the full year forecast suggests a decrease in operating income and ordinary income, with net income per share expected to drop by 40.7%.
For further insights into JP:6331 stock, check out TipRanks’ Stock Analysis page.