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The latest update is out from Sanoh Industrial Co., Ltd. ( (JP:6584) ).
Sanoh Industrial Co., Ltd. has disclosed its FY2024 financial results, highlighting increased upfront investments in new business areas such as BEV-related product development and data centers. These investments are part of a strategic shift from automotive parts to non-internal combustion technologies. The company also discussed the challenges of passing increased costs onto customers due to inflation, with partial success in FY2024. Looking ahead to FY2025, Sanoh anticipates a decline in revenue due to exchange rate fluctuations, with a financial forecast of ¥147 billion in net sales and ¥1.8 billion in net income.
More about Sanoh Industrial Co., Ltd.
Sanoh Industrial Co., Ltd. operates in the automotive industry, focusing on the production of automotive parts. The company is transitioning from traditional automotive parts to new business areas, including non-internal combustion technologies and data center businesses, aiming to build a resilient multi-product portfolio.
Average Trading Volume: 138,804
Technical Sentiment Signal: Sell
Current Market Cap: Yen22.08B
See more insights into 6584 stock on TipRanks’ Stock Analysis page.