Sangetsu Corporation Hits Record Q1 Sales Amid Rising Costs
Company Announcements

Sangetsu Corporation Hits Record Q1 Sales Amid Rising Costs

Sangetsu Corporation (JP:8130) has released an update.

Sangetsu Corporation announced record-high net sales in the first quarter of FY2024, driven by growth in its Domestic Interior Segment and its North America and China & Hong Kong businesses. However, the company’s profits decreased due to higher costs of sales and SG&A expenses. Sales in key products like wallpaper and flooring materials saw year-on-year growth, despite a weakening market and rising logistics and raw material prices.

For further insights into JP:8130 stock, check out TipRanks’ Stock Analysis page.

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App