Tokyo Energy & Systems Reports Decrease in Financial Performance for 2024

Tokyo Energy & Systems Inc. ( (JP:1945) ) has shared an announcement.

Tokyo Energy & Systems Inc. reported its consolidated financial results for the nine months ending December 31, 2024, showing a significant decrease in net sales by 27% compared to the previous year. The company’s operating profit also saw a decline, with a recorded loss of 12 million yen, reflecting a challenging period for the company in the competitive energy market. Despite this, the equity-to-asset ratio improved slightly to 65%, indicating a stable financial position. The company forecasts a continued drop in net sales and profits for the full fiscal year ending March 31, 2025.

More about Tokyo Energy & Systems Inc.

Tokyo Energy & Systems Inc. is a company listed on the Tokyo Stock Exchange, specializing in the energy sector. The company focuses on providing integrated energy solutions and systems, catering primarily to the Japanese market.

YTD Price Performance: 3.08%

Average Trading Volume: 39,700

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: Yen36.36B

For an in-depth examination of 1945 stock, go to TipRanks’ Stock Analysis page.