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Shimano ( (JP:7309) ) has provided an update.
Shimano Inc. reported a decrease in net sales and operating income for FY2024 compared to the previous fiscal year, citing a 4.9% decline in net sales and a significant 22.2% drop in operating income. Despite this, the company saw an improvement in net income attributable to owners of the parent, which increased by 24.8%. The company’s financial position remains robust with an increase in total assets and net assets, and a stable shareholders’ equity ratio. The dividend per share also increased, reflecting a strong commitment to shareholder returns. The forecast for FY2025 indicates a modest growth in net sales and operating income, suggesting cautious optimism about future performance.
More about Shimano
Shimano Inc. is a prominent company in the manufacturing sector, primarily known for producing bicycle components, fishing tackle, and rowing equipment. The company operates globally with a strong market focus on outdoor and sports equipment.
YTD Price Performance: 3.05%
Average Trading Volume: 103
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $12.22B
Learn more about 7309 stock on TipRanks’ Stock Analysis page.
