Sakai Heavy Industries Faces Profit Challenges

Sakai Heavy Industries, Ltd. (JP:6358) has released an update.

Sakai Heavy Industries, Ltd. reported a decrease in consolidated net sales by 10.9% and operating profit by 18.5% for the first quarter of 2024, compared to the same period in the previous year. Despite these declines, profit attributable to owners increased by 46.3%. The company forecasts a challenging year ahead with reductions in net sales, operating profit, ordinary profit, and profit attributable to owners for the six months ending September 30, 2024.

For further insights into JP:6358 stock, check out TipRanks’ Stock Analysis page.