Tokyo Printing Ink Manufacturing Co., Ltd. (JP:4635) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Tokyo Printing Ink MFG. Co., Ltd. reports modest year-on-year net sales growth of 2.8% in Q1 2024, but sees significant declines in operating profit, ordinary profit, and profit attributable to owners, which dropped by 8.6%, 45.4%, and 45.6% respectively. The company’s financial position remains stable with a total asset to net asset equity ratio of 56.8%. There are no revisions to the forecast of cash dividends, maintaining a consistent shareholder return with a 100th anniversary commemorative dividend announced for the fiscal year-end.
For further insights into JP:4635 stock, check out TipRanks’ Stock Analysis page.