Yashima Denki Reports Q3 Financial Growth Amid Sales Decline

Yashima Denki Co., Ltd. ( (JP:3153) ) has issued an update.

Yashima Denki Co., Ltd. reported its consolidated financial results for the third quarter ending December 31, 2024, showing a slight decline in net sales by 2.9% compared to the previous year. However, the company achieved significant growth in operating profit, ordinary profit, and profit attributable to owners of the parent, with increases of 29.2%, 27.4%, and 32.5% respectively. The company’s equity ratio improved to 54.3% from 45.1% as of March 31, 2024, indicating a stronger financial position. The acquisition of Tokyo Kiden Co., Ltd. was a notable change in the scope of consolidation, potentially impacting future operations and market positioning.

More about Yashima Denki Co., Ltd.

Yashima Denki Co., Ltd. operates in the electrical equipment industry and is listed on the Tokyo Stock Exchange. The company focuses on providing electrical systems and solutions, catering to various sectors with a strong emphasis on innovation and technology.

YTD Price Performance: -2.62%

Average Trading Volume: 28,210

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: Yen35.64B

For detailed information about 3153 stock, go to TipRanks’ Stock Analysis page.