Tsubakimoto Chain Posts Strong Quarterly Growth

Tsubakimoto Chain Co. (JP:6371) has released an update.

Tsubakimoto Chain Co. reports a 7.3% year-on-year increase in net sales and a significant 98.1% jump in profit attributable to owners for the quarter ended June 30, 2024. The company has also announced a 3-for-1 stock split effective October 1, 2024, and forecasts a 240 yen annual dividend per share before the split. Their full-year outlook remains positive with an expected 18.6% increase in profit attributable to owners and a consolidated net income forecast of 626.57 yen per share at fiscal year-end.

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