Seibu Giken Co., Ltd. (JP:6223) has released an update.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Seibu Giken Co., Ltd. reported an increase in sales but a decline in profit for the second quarter of fiscal year 2024, with net sales up to JPY 14,721 million yet operating profit down at JPY 1,630 million, due to a sluggish Chinese market. Despite the downturn, the company anticipates a rise in sales and profits for the full year, driven by strong orders from EV battery manufacturing plants across Europe, Japan, and North America, and maintains a stable dividend payout plan.
For further insights into JP:6223 stock, check out TipRanks’ Stock Analysis page.
Trending Articles:
Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.
Report an Issue