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Riken Vitamin Co., Ltd. ( (JP:4526) ) has provided an announcement.
Riken Vitamin Co., Ltd. reported record-high consolidated net sales for FY2024, driven by increased sales across all segments. However, operating and ordinary profits declined due to rising costs in labor, energy, advertising, and logistics. Despite these challenges, the company achieved a higher profit attributable to owners of the parent, aided by the sale of cross-shareholdings, and exceeded its medium-term ROE target. The domestic food business saw growth in new product lines, while the overseas business expanded sales volume in Southeast Asia, Europe, and China, although profits were impacted by lower sales prices and increased costs.
More about Riken Vitamin Co., Ltd.
Riken Vitamin Co., Ltd. operates in the food and chemical industries, focusing on domestic and overseas markets. The company offers a range of food products, including household and commercial foods, processed food ingredients, and functional food product ingredients. Additionally, it has a domestic chemical business that serves various sectors, including agriculture and miscellaneous goods.
Average Trading Volume: 60,898
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen58.65B
Learn more about 4526 stock on TipRanks’ Stock Analysis page.