TOYO ELECTRIC MFG CO LTD (JP:6505) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Toyo Denki Seizo K.K. reported a disparity between its forecasted and actual financial results for the fiscal year ended May 31, 2024, with net sales falling short but profits exceeding expectations due to profitability improvements and foreign exchange gains. Despite these gains, the company recorded extraordinary losses, including business restructuring expenses in China and a loss related to an engine breakage incident by a subsidiary.
For further insights into JP:6505 stock, check out TipRanks’ Stock Analysis page.