Nitto Kohki Co., Ltd. (JP:6151) has released an update.
Nitto Kohki Co., Ltd. reports a year-on-year decrease in sales and profit due to lower performance in the Couplings Business, with plans to grow in fiscal year 2024 and enhance shareholder returns through increased dividends. The company is also focusing on the Medium-Term Management Plan 2026, aiming to improve profit structures, business portfolios, and overall growth to ensure future leaps in earning power. Investments are expanding, notably with a significant capital injection into a new plant that will potentially boost production capacity by 1.3 times.
For further insights into JP:6151 stock, check out TipRanks’ Stock Analysis page.
