Shibaura Mechatronics Corp. (JP:6590) has released an update.
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Shibaura Mechatronics Corp. reports a robust financial performance for the first quarter ending June 30, 2024, with net sales up by 20.2% and a 27.5% increase in net income attributable to owners. The company’s equity-to-asset ratio stood at 45.7%, with a forecasted full-year net income growth of 0.1%. Additionally, a year-end cash dividend forecast of 235 yen per share has been announced following a 3-for-1 stock split conducted previously.
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