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Suncorporation Posts Lower Sales but Strong Ordinary Profit and Halts Interim Dividend

Story Highlights
  • Suncorporation’s nine-month sales declined and profits normalized after last year’s one-off gains.
  • The company maintains a strong balance sheet, halts interim dividends, and forecasts profit rebound.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Suncorporation Posts Lower Sales but Strong Ordinary Profit and Halts Interim Dividend

Meet Samuel – Your Personal Investing Prophet

Suncorporation ( (JP:6736) ) has issued an announcement.

Suncorporation reported nine-month consolidated net sales of ¥7.4 billion, down 6.7% year on year, with an operating loss of ¥136 million but a sharp rise in ordinary profit to ¥3.5 billion, while profit attributable to owners of parent fell 59.6% to ¥6.9 billion as prior-year results were boosted by one-off factors. The company’s equity ratio remains high at 87.2% despite a slight decline in total assets and net assets, and it has suspended interim dividends for the current fiscal year while keeping the full-year dividend forecast undecided, even as it revises its full-year outlook to project lower sales but a substantial rebound in ordinary profit and solid earnings per share, supported in part by an increased volume of treasury shares.

The most recent analyst rating on (JP:6736) stock is a Hold with a Yen8866.00 price target. To see the full list of analyst forecasts on Suncorporation stock, see the JP:6736 Stock Forecast page.

More about Suncorporation

Suncorporation is a Japan-listed electronics and technology company on the Tokyo Stock Exchange, operating under securities code 6736. It develops and sells electronic equipment and related solutions, serving domestic and international markets with a focus on diversified tech-driven businesses.

Average Trading Volume: 49,438

Technical Sentiment Signal: Strong Buy

Current Market Cap: Yen192.4B

See more data about 6736 stock on TipRanks’ Stock Analysis page.

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