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.
The latest update is out from Tokyu Construction Co., Ltd. ( (JP:1720) ).
Tokyu Construction Co., Ltd. reported its consolidated financial results for the nine months ended December 31, 2024. The company experienced a decrease in net sales by 4.1% compared to the previous year, totaling 196,781 million yen. Despite this, operating profit increased by 21.5%, reflecting improved efficiency in operations. However, the comprehensive income significantly decreased by 53.6%, indicating challenges in broader financial performance. The forecast for the fiscal year ending March 31, 2025, shows a modest growth in net sales by 2.9%, with a notable decline in operating profit and ordinary profit, suggesting potential operational challenges ahead.
More about Tokyu Construction Co., Ltd.
Tokyu Construction Co., Ltd. operates in the construction industry and is listed on the Tokyo Stock Exchange. The company is involved in providing construction services and products, and it focuses on the Japanese market.
YTD Price Performance: 5.27%
Average Trading Volume: 252,625
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: Yen79.46B
Find detailed analytics on 1720 stock on TipRanks’ Stock Analysis page.