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Sanoh Industrial Co., Ltd. Reports Decline in FY2024 Financial Results

Story Highlights
  • Sanoh Industrial reported a 1.7% increase in net sales but significant declines in income metrics.
  • The company anticipates a 13.2% increase in operating income for the next fiscal year despite expected sales decline.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Sanoh Industrial Co., Ltd. Reports Decline in FY2024 Financial Results

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The latest update is out from Sanoh Industrial Co., Ltd. ( (JP:6584) ).

Sanoh Industrial Co., Ltd. reported its consolidated financial results for the fiscal year ending March 31, 2025, showing a slight increase in net sales by 1.7% to 159,538 million yen. However, the company experienced a significant decline in operating income, ordinary income, and net income attributable to shareholders, with decreases of 39.7%, 37.0%, and 82.5% respectively. The company’s comprehensive income also saw a sharp decline of 84.6%. Despite these challenges, Sanoh Industrial anticipates a recovery in operating income for the next fiscal year, projecting a 13.2% increase, although net sales are expected to decrease by 7.9%. The company has not yet determined its dividend forecast for the fiscal year ending March 31, 2026.

More about Sanoh Industrial Co., Ltd.

Sanoh Industrial Co., Ltd. is a company listed on the Tokyo Stock Exchange, primarily operating in the industrial sector. The company specializes in manufacturing and providing automotive components, focusing on enhancing vehicle performance and efficiency.

Average Trading Volume: 159,745

Technical Sentiment Signal: Sell

Current Market Cap: Yen22.69B

See more data about 6584 stock on TipRanks’ Stock Analysis page.

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