Sangetsu Corporation (JP:8130) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
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.