Tsubakimoto Kogyo Co., Ltd. (JP:8052) has released an update.
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Tsubakimoto Kogyo Co., Ltd. reported a decline in performance for the first quarter ended June 30, 2024, with net sales down 6.1%, operating profit falling 43.2%, and profit attributable to owners decreased by 43.7% compared to the previous year. Despite the downturn, the company’s equity-to-asset ratio saw a slight increase from 42.4% to 43.3%. Looking forward, they forecast a modest increase in both sales and profits for the full year ending March 31, 2025.
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