SHIMOJIMA Co., Ltd. (JP:7482) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
SHIMOJIMA Co., Ltd. reports a modest increase in net sales by 2.0% for the quarter ending June 30, 2024, compared to the same period last year; however, operating profit, ordinary profit, and profit attributable to owners have significantly decreased by over 30%. The company’s total assets have also shown a slight decrease from the previous quarter. Despite the downturn, SHIMOJIMA forecasts a year-on-year increase in net sales and profits for the fiscal year ending March 31, 2025.
For further insights into JP:7482 stock, check out TipRanks’ Stock Analysis page.