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Yorozu Corporation ( (JP:7294) ) has issued an announcement.
Yorozu Corporation reported its consolidated financial results for the nine months ending December 31, 2024, showing a 4.4% increase in net sales to ¥134.8 billion. Despite this, the company faced significant challenges with an operating income decline of 84% and a net loss of ¥5.4 billion, reflecting broader industry pressures and economic conditions. The company’s financial position weakened slightly, with a drop in equity-to-asset ratio from 46.4% to 41.3%. The forecast for the fiscal year ending March 2025 anticipates continued challenges, with expected net sales of ¥177 billion and a projected net loss of ¥17 billion, indicating ongoing operational and market difficulties.
More about Yorozu Corporation
Yorozu Corporation operates within the automotive industry and is listed on the Tokyo Stock Exchange under the securities code 7294. The company is primarily engaged in the production of automotive components, contributing to the global supply chain for automobile manufacturers.
YTD Price Performance: -13.60%
Average Trading Volume: 32,284
Technical Sentiment Consensus Rating: Hold
Current Market Cap: Yen25.17B
For a thorough assessment of 7294 stock, go to TipRanks’ Stock Analysis page.