BALMUDA, Inc. ( (JP:6612) ) just unveiled an announcement.
BALMUDA Inc. reported its consolidated financial results for the fiscal year ending December 31, 2024, showing a notable recovery with net sales of ¥12,462 million, a slight decrease of 4.2% from the previous year. The company recorded an operating profit of ¥12 million, a significant improvement from a loss in the prior year, indicating a positive shift in financial performance. While there were no dividends declared, the equity-to-asset ratio improved to 70.4%, suggesting a strengthened financial position. The forecast for 2025 anticipates stable net sales with a modest rise in operating profit, indicating cautious optimism for future growth.
More about BALMUDA, Inc.
BALMUDA Inc. is a company listed on the Tokyo Stock Exchange, focusing on the development and sale of innovative home appliances. The company is known for its design-centric approach and primarily serves the consumer electronics market.
YTD Price Performance: 7.17%
Average Trading Volume: 9,122
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen7.59B
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