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Futaba ( (JP:6986) ) has provided an announcement.
Futaba Corporation announced its consolidated financial results for the nine months ended December 31, 2024, reporting a decline in net sales by 14.3% compared to the previous year. Despite this decrease, the company showed a significant improvement in profitability, with a profit attributable to owners of the parent reaching 810 million yen, a turnaround from the previous year’s loss. The equity ratio improved to 76.7% as of December 31, 2024, indicating a strong position in leveraging its assets. The company also noted significant changes in the scope of consolidation and changes in accounting policies due to revisions to standards, which could affect future financial reporting.
More about Futaba
Futaba Corporation is a company listed on the Tokyo Stock Exchange, primarily engaged in industries related to electronics and manufacturing. The company is known for its products and services in the technology sector, focusing on developing and supplying electronic components and systems.
YTD Price Performance: 7.34%
Average Trading Volume: 2,000
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $144.6M
See more data about 6986 stock on TipRanks’ Stock Analysis page.