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Nabtesco ( (JP:6268) ) has issued an update.
Nabtesco Corporation reported a discrepancy between its FY2024 non-consolidated financial forecasts and actual results, with net sales falling short due to decreased demand for precision reduction gears amid a decline in EV-related investments. However, the company exceeded ordinary profit expectations due to increased dividends from subsidiaries and foreign exchange gains.
More about Nabtesco
Nabtesco Corporation operates in the precision equipment manufacturing industry, providing products such as precision reduction gears, which are essential components in various applications, including electric vehicles.
YTD Price Performance: 2.44%
Average Trading Volume: 814
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $2.15B
For a thorough assessment of 6268 stock, go to TipRanks’ Stock Analysis page.