TOYO ELECTRIC MFG CO LTD (JP:6505) has released an update.
Stay Ahead of the Market:
- Discover outperforming stocks and invest smarter with Top Smart Score Stocks
- Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener
Toyo Denki Seizo K.K. reported a significant increase in net sales by 22.7% for the three months ending August 2024, although profits attributable to owners of the parent fell by 34.4%. The company forecasts continued growth in net sales and profits for the fiscal year ending May 2025, indicating a positive outlook despite current profit challenges.
For further insights into JP:6505 stock, check out TipRanks’ Stock Analysis page.