Shinnihon Corporation (JP:1879) has released an update.
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Shinnihon Corporation reported a modest increase in net sales by 4.5% to ¥21,347 million for the quarter ending June 30, 2024, but experienced declines in operating income, ordinary income, and net income attributable to owners, which fell by 13.2%, 15.4%, and 15.1% respectively, compared to the same period last year. The company’s total assets decreased from March 31, 2024, with an equity-to-asset ratio improving to 71.1%. Looking ahead, Shinnihon forecasts slight increases in net sales and income figures for the fiscal year ending March 2025.
For further insights into JP:1879 stock, check out TipRanks’ Stock Analysis page.