Towa Corporation (JP:6315) 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
TOWA CORPORATION reported a significant increase in their financial performance for the three months ending June 30, 2024, with net sales up by 39.3% and operating profit soaring by 140.3% compared to the previous year. The company’s equity-to-asset ratio also improved slightly to 68.6%, indicating a healthy financial position. Additionally, TOWA forecasts continued growth for the fiscal year ending March 31, 2025, with an expected annual dividend increase to 60 yen per share.
For further insights into JP:6315 stock, check out TipRanks’ Stock Analysis page.