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An update from Suminoe Textile Co., Ltd. ( (JP:3501) ) is now available.
Suminoe Textile reported consolidated net sales of ¥79.1 billion for the nine months ended Feb. 28, 2026, a 3.1% year-on-year increase, while operating profit fell 11.8% to ¥1.32 billion and ordinary profit jumped 48.4% to ¥1.62 billion. Despite this improvement in ordinary profit and a sharp rise in comprehensive income, the company booked a net loss attributable to owners of parent of ¥30 million, resulting in a negative earnings per share.
The company’s financial position strengthened modestly, with total assets rising to ¥96.56 billion and the equity ratio improving to 34.3%, alongside an increase in net assets to ¥39.66 billion. Suminoe revised its dividend forecast for the year ending May 31, 2026 to a total of ¥40 per share and updated its full-year outlook to anticipate slight sales growth but lower operating and ordinary profits, signaling pressure on profitability even as balance sheet metrics improve.
The most recent analyst rating on (JP:3501) stock is a Hold with a Yen1429.00 price target. To see the full list of analyst forecasts on Suminoe Textile Co., Ltd. stock, see the JP:3501 Stock Forecast page.
More about Suminoe Textile Co., Ltd.
Suminoe Textile Co., Ltd. is a Japan-based manufacturer listed on the Tokyo Stock Exchange that operates under Japanese GAAP. The company is engaged in textile-related businesses, with consolidated operations spanning multiple segments and markets, and serves both domestic and international customers through a diversified product portfolio.
Average Trading Volume: 25,161
Technical Sentiment Signal: Buy
Current Market Cap: Yen19.68B
For detailed information about 3501 stock, go to TipRanks’ Stock Analysis page.