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Yamashin-Filter Corp. ( (JP:6240) ) has issued an announcement.
Yamashin-Filter Corp. reported a strong financial performance for Q3 FY2024, with a 12.3% year-over-year increase in net sales and a 118.5% rise in operating income. The company experienced a decline in demand for new vehicles, yet saw significant sales growth due to increased demand for replacement parts and service components. Despite challenges in the air filter market, Yamashin is focusing on strengthening its nanofiber air filter lineup to enhance its market position and reduce energy costs.
More about Yamashin-Filter Corp.
Yamashin-Filter Corp. operates within the filtration industry, focusing on products such as construction machinery filters and nanofiber air filters. The company targets markets in Japan, North America, Asia, and China, with efforts to expand its business-to-business operations both domestically and internationally.
YTD Price Performance: 3.29%
Average Trading Volume: 1,518,184
Technical Sentiment Consensus Rating: Sell
Current Market Cap: Yen47.07B
See more insights into 6240 stock on TipRanks’ Stock Analysis page.