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Sangetsu Corporation ( (JP:8130) ) has shared an update.
Sangetsu Corporation reported record high net sales in Q3 FY2024, driven by strong performance in its Domestic Interior Segment and North American Business. Despite a challenging market environment, particularly in new housing, the company managed to increase gross profit through strategic price revisions and sales promotions of its medium-sized products. Operating profit was down year on year but improved beyond expectations due to effective cost controls, particularly in selling, general, and administrative expenses. This financial performance underscores the company’s resilience and strategic positioning in the market.
More about Sangetsu Corporation
Sangetsu Corporation operates in the interior design industry, focusing on products such as wallcoverings, fabrics, and flooring materials. The company is listed on the Tokyo and Nagoya Stock Exchanges, emphasizing its market presence both domestically and in North America.
YTD Price Performance: -4.48%
Average Trading Volume: 181,608
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen166.5B
Learn more about 8130 stock on TipRanks’ Stock Analysis page.