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Tachi-S Co ( (JP:7239) ) just unveiled an announcement.
Tachi-S Co., Ltd. reported its consolidated financial results for the third quarter of FY2024, showcasing a slight increase in net sales by 0.8% compared to the same period last year, amounting to 218,153 million yen. The company experienced significant growth in net income, which rose by 78.9% to 5,138 million yen, reflecting improved operational efficiency. Despite a decrease in comprehensive income, the company has set a management goal to achieve a return on equity (ROE) of 8% by FY2024, indicating a strategic focus on enhancing shareholder value. The company also announced an annual cash dividend forecast of 103.8 yen per share, maintaining a dividend on equity ratio of 4%, which supports its commitment to returning profits to shareholders.
More about Tachi-S Co
Tachi-S Co., Ltd. operates in the automotive industry, primarily focusing on the production of car seats and related components. The company is listed on the Tokyo Stock Exchange under the code number 7239 and is led by President, CEO & COO Yuichiro Yamamoto.
YTD Price Performance: 7.66%
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $413.1M
For a thorough assessment of 7239 stock, go to TipRanks’ Stock Analysis page.