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TOKYO ROPE MFG. CO., LTD. ( (JP:5981) ) just unveiled an update.
TOKYO ROPE MFG. CO., LTD. announced a recording of non-operating expenses due to an allowance for bad debts related to its subsidiary, TOKO STEEL CORD CO., LTD., amounting to 817 million yen. Despite this, the company recorded a gain from reversal of provisions for losses in affiliated companies of 617 million yen, resulting in a net impact of 200 million yen on the non-consolidated financial results. The fiscal year ending March 2025 showed a decrease in sales and ordinary profit compared to the previous year, attributed to increased provisions for doubtful accounts and decreased dividends, while net income increased due to extraordinary loss adjustments from the previous fiscal year.
More about TOKYO ROPE MFG. CO., LTD.
TOKYO ROPE MFG. CO., LTD. operates in the manufacturing industry, primarily focusing on producing steel ropes and related products. The company is listed on the Prime Market of the Tokyo Stock Exchange and is known for its expertise in steel cord manufacturing.
Average Trading Volume: 43,705
Technical Sentiment Signal: Strong Buy
Current Market Cap: Yen20.51B
Learn more about 5981 stock on TipRanks’ Stock Analysis page.