Nitto Kohki Co., Ltd. (JP:6151) has released an update.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Nitto Kohki Co., Ltd. reported a decline in sales and operating profit in the first quarter of FY2025 compared to the previous year, but saw an increase from the previous quarter, with sales up by 3.6% and operating profit by 28.5%. Despite domestic market recovery, international sales suffered due to reduced demand for quick connect couplings in China’s lithium-ion battery sector. The company maintained its initial financial forecast for FY2024, with no change to the projections announced on May 9, 2024.
For further insights into JP:6151 stock, check out TipRanks’ Stock Analysis page.