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Sangetsu Corporation ( (JP:8130) ) has issued an update.
Sangetsu Corporation reported record-high net sales for FY2024, driven by growth in both its Domestic Interior Segment and North American Business. Despite a decrease in operating and subsequent profits year-on-year, the company saw an increase in net sales and profit in the second half of the year. The company successfully maintained its gross profit margin through strategic price revisions and cost control measures, despite challenges such as increased procurement and distribution costs, and a fire accident affecting some flooring products. The financial results exceeded forecasts, highlighting Sangetsu’s effective management strategies.
More about Sangetsu Corporation
Sangetsu Corporation operates in the interior design industry, focusing on products such as wall coverings and flooring. It has a significant presence in both domestic and North American markets, with a strategic emphasis on expanding its market share through innovative product lines.
Average Trading Volume: 143,691
Technical Sentiment Signal: Buy
Current Market Cap: Yen167.1B
Learn more about 8130 stock on TipRanks’ Stock Analysis page.
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