Okura Industrial Co., Ltd. Reports Financial Results and Future Projections

Okura Industrial Co., Ltd. ( (JP:4221) ) has issued an announcement.

Okura Industrial Co., Ltd. reported an increase in net sales for the fiscal year ending December 31, 2024, with a 3.0% rise from the previous year. Despite the increase in sales, the company experienced a decline in operating and ordinary profits by 7.9% and 5.6%, respectively. The company’s comprehensive income also fell by 25.5%. However, the company increased its annual dividends significantly and anticipates further growth in net sales and profits for the next fiscal year, forecasting a 4.7% increase in net sales and a 16.1% rise in operating profit. These financial outcomes and projections indicate a strategic focus on enhancing shareholder value through increased dividends and expected growth in the upcoming fiscal year.

More about Okura Industrial Co., Ltd.

Okura Industrial Co., Ltd. is a company listed on the Tokyo Stock Exchange, identified by code number 4221. It operates within the industrial sector, although specific primary products or services are not detailed in the release.

YTD Price Performance: 0.66%

Average Trading Volume: 104,228

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: Yen36.15B

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