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Create Medic Co., Ltd. Reports Mixed Financial Performance for FY 2024

Story Highlights
  • Create Medic Co., Ltd. saw a 3.5% increase in net sales for fiscal year 2024.
  • The company reported a significant 446.0% surge in profit attributable to owners, despite declines in operating and ordinary profits.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.

Create Medic Co., Ltd. ( (JP:5187) ) has issued an update.

Create Medic Co., Ltd. reported a 3.5% increase in net sales for the fiscal year ending December 2024, reaching 13,030 million yen. However, the company experienced declines in both operating profit and ordinary profit by 13.8% and 14.1% respectively. Despite these decreases, the profit attributable to owners of the parent surged by 446.0%, indicating significant growth. The company’s financial position strengthened with total assets and net assets both increasing, and a high capital adequacy ratio of 78.6%. The cash flow from operating activities showed a substantial increase, ending the period with cash and equivalents of 5,662 million yen.

More about Create Medic Co., Ltd.

Create Medic Co., Ltd. is a company listed on the Tokyo Standard stock exchange, operating in the general business category. It focuses on producing medical products and services, although specific details on their primary products or industry focus were not provided in the release.

YTD Price Performance: 0.22%

Average Trading Volume: 13,301

Technical Sentiment Consensus Rating: Strong Sell

Current Market Cap: Yen8.33B

For an in-depth examination of 5187 stock, go to TipRanks’ Stock Analysis page.

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