NTN ( (JP:6472) ) has issued an update.
NTN Corporation’s consolidated financial results for the third quarter of FY2024 show a decrease in net sales and operating income compared to the previous year, despite a rise in aftermarket sales. The company is experiencing declines in sales in the industrial machinery and automobile sectors, primarily due to reduced demand in Japan and China. The structural reforms are reportedly progressing as planned, although the scale of operations has impacted operating income negatively.
More about NTN
YTD Price Performance: 0%
Average Trading Volume: 395
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €831M
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