tiprankstipranks
Company Announcements

Nisshin OilliO Reports Increased Sales Amidst Profit Challenges

Story Highlights
Nisshin OilliO Reports Increased Sales Amidst Profit Challenges

Discover the Best Stocks and Maximize Your Portfolio:

Nisshin OilliO Group, Ltd. ( (JP:2602) ) has shared an update.

Nisshin OilliO Group reported a 3.5% increase in net sales for the nine months ending December 31, 2024, despite a decline in operating and ordinary profits. The company has maintained its dividend forecast and expects a slight growth in net sales for the fiscal year ending March 31, 2025, reflecting a stable financial position but facing challenges in profit margins.

More about Nisshin OilliO Group, Ltd.

The Nisshin OilliO Group, Ltd. operates in the food industry with a focus on producing and distributing edible oils. The company is listed on the Tokyo Stock Exchange and specializes in a range of oil-related products.

YTD Price Performance: -0.68%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: €1.02B

See more insights into 2602 stock on TipRanks’ Stock Analysis page.

Related Articles
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1