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Tsumura & Co. Announces Surge in Q1 Profits and Optimistic Full-Year Forecast

Tsumura & Co. Announces Surge in Q1 Profits and Optimistic Full-Year Forecast

Tsumura & Co (JP:4540) has released an update.

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Tsumura & Co. reports strong first-quarter financial performance for 2024 with net sales up by 18% and profits attributable to owners surging by 158.1%. The company’s operating profit and ordinary profit also saw significant increases of 125.7% and 135.7%, respectively. The robust growth is accompanied by a positive full-year profit forecast, projecting a 70.6% increase in profit attributable to owners and a higher dividend payout of ¥136 per share.

For further insights into JP:4540 stock, check out TipRanks’ Stock Analysis page.

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