WARABEYA NICHIYO Reports Sales Growth Amidst Profit Decline

An update from WARABEYA NICHIYO HOLDINGS Co., Ltd. ( (JP:2918) ) is now available.

The company reported a 10.5% year-on-year increase in net sales for the nine months ending November 30, 2024, reaching ¥169,283 million. Despite the sales growth, operating and ordinary profits saw a slight decrease of 2.1%, while profit attributable to owners of the parent rose by 5%. The equity ratio dropped from 52.3% to 46.3% compared to earlier in the year, indicating changes in its financial structure. The forecast for the fiscal year ending February 28, 2025, anticipates a 7.5% increase in net sales, although operating and ordinary profits are expected to decline significantly.

More about WARABEYA NICHIYO HOLDINGS Co., Ltd.

WARABEYA NICHIYO HOLDINGS Co., Ltd. operates in the food industry, primarily focusing on producing and distributing food products. The company is listed on the Tokyo Stock Exchange and is known for its significant market presence in Japan.

YTD Price Performance: -0.25%

Average Trading Volume: 106,105

Technical Sentiment Consensus Rating: Buy

Current Market Cap: Yen35.5B

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