NS Tool Co., Ltd. Reports Q3 2024 Financial Results with Increased Sales but Lower Profits

An announcement from NS Tool Co., Ltd. ( (JP:6157) ) is now available.

NS Tool Co., Ltd. reported its consolidated business results for the third quarter ended December 31, 2024, showing a modest increase in net sales by 4.3% compared to the previous year, reaching 7,042 million yen. Despite this increase, the company faced a decline in operating and ordinary profits by 3.8% and 4.3%, respectively, highlighting challenges in maintaining profitability. The company’s equity-to-asset ratio improved slightly to 92.3%, indicating a stable financial position. Looking ahead, NS Tool forecasts a slight increase in net sales for the fiscal year ending March 2025, with expectations of 9,430 million yen, but anticipates a decrease in profits, reflecting ongoing operational challenges. The dividend forecast remains unchanged, suggesting a stable return for shareholders.

More about NS Tool Co., Ltd.

NS Tool Co., Ltd., listed on the Tokyo Stock Exchange under the stock code 6157, specializes in the manufacturing of precision cutting tools. The company primarily serves industries that require high-accuracy machining tools, with a focus on maintaining a strong market presence through innovation and quality.

YTD Price Performance: -0.13%

Average Trading Volume: 25,615

Technical Sentiment Consensus Rating: Buy

Current Market Cap: Yen18.94B

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