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Nitto Kohki Co., Ltd. ( (JP:6151) ) has shared an update.
Nitto Kohki Co., Ltd. reported an increase in sales for FY2024, driven by strong performance in Japan, the Americas, and Europe. However, operating profit decreased due to rising costs. Looking ahead to FY2025, the company anticipates a further decline in profit due to expenses related to a new plant, although sales are expected to rise. Efforts to improve profitability include cost reduction measures and price increases for certain products. The company is optimistic about a recovery in the semiconductor sector and expects increased contributions from its Couplings Business.
More about Nitto Kohki Co., Ltd.
Nitto Kohki Co., Ltd. operates in the manufacturing industry, focusing on products such as linear pumps, door closers, and couplings. The company is known for its high value-added products and has a strong presence in the semiconductor sector.
Average Trading Volume: 22,698
Technical Sentiment Signal: Sell
Current Market Cap: Yen34.23B
For detailed information about 6151 stock, go to TipRanks’ Stock Analysis page.