Nakayama Steel Works,Ltd. (JP:5408) has released an update.
TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Nakayama Steel Works, Ltd. reports marginal growth in net sales but faces significant declines in profit for the first quarter ended June 30, 2024, with operating, ordinary, and net profits down by 31.3%, 32.9%, and 41.1% respectively. The company’s total assets increased slightly, while the net assets and capital adequacy ratio saw a minor decrease. Despite these results, the company is preparing for dividend payments and has released a forecast for the fiscal year ending March 31, 2025, that suggests a continued downward trend in profits and earnings per share.
For further insights into JP:5408 stock, check out TipRanks’ Stock Analysis page.