The latest announcement is out from DaikyoNishikawa Corp. ( (JP:4246) ).
DaikyoNishikawa Corporation reported its consolidated financial results for the nine months ending December 31, 2024, revealing a net sales increase of 4.1% year-on-year. However, the company experienced declines in operating profit, ordinary profit, and profit attributable to owners of parent, with the latter dropping by 27.4%. Despite these challenges, the company maintains a stable financial position with a slight increase in net assets and capital adequacy ratio. The forecast for the fiscal year ending March 31, 2025, projects a 5.0% increase in net sales, although the profit attributable to owners of parent is expected to decrease slightly. The company’s strategic focus remains on sustaining growth amidst a challenging economic environment.
More about DaikyoNishikawa Corp.
DaikyoNishikawa Corporation operates in the manufacturing industry, primarily focusing on producing automotive components. The company is listed on the Tokyo Stock Exchange and has a significant presence in the automotive market.
YTD Price Performance: 4.00%
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €284.1M
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