Okuwa Co., Ltd. (JP:8217) has released an update.
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Okuwa Co., Ltd. has experienced a decline in its financial performance, with its latest quarterly operating profit falling by 65.1% and net profit dropping by 78.2% compared to the same period the previous year. The company’s total assets slightly increased, while its net assets and capital adequacy ratio saw a decrease. Despite the downturn, Okuwa Co., Ltd. still maintains a robust capital adequacy ratio of 57.4%.
For further insights into JP:8217 stock, check out TipRanks’ Stock Analysis page.