Tokyo Cosmos Electric Co., Ltd. (JP:6772) has released an update.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Tokyo Cosmos Electric Co., Ltd. reported a decrease in net sales and profits for the first half of 2024, with operating profit down by 21.5% and ordinary profit plummeting by 43.5% compared to the previous year. Despite these declines, the company’s equity ratio improved slightly, indicating a stronger financial position. Investors may be concerned about the company’s ability to rebound, given the forecasted drops in annual profits and sales.
For further insights into JP:6772 stock, check out TipRanks’ Stock Analysis page.