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The latest update is out from RIX Corporation ( (JP:7525) ).
RIX Corporation reported a decrease in profits due to increased SG&A expenses driven by growth investments, including a new R&D facility and the relocation of its head office. Despite a decline in the automobile segment’s profits due to lower sales of original products, the company expects sales and profits to stabilize in the coming quarters as product sales are anticipated to recover.
More about RIX Corporation
RIX Corporation operates in the manufacturing industry, focusing on providing solutions globally. The company is involved in research and development to enhance its offerings.
Average Trading Volume: 14,167
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen26.92B
Learn more about 7525 stock on TipRanks’ Stock Analysis page.