Shinagawa Refractories Co., Ltd. (JP:5351) has released an update.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Shinagawa Refractories Co., Ltd. experiences a downturn in financial performance, with net sales falling 7.6% and operating profit down by 13.3% in June 2024 compared to the previous year. Profit attributable to owners plummets by 57.7%, although the company still maintains a strong capital adequacy ratio of 55%. The comprehensive income also took a significant hit, decreasing by 48.7% from June 2023.
For further insights into JP:5351 stock, check out TipRanks’ Stock Analysis page.