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Japan Material Co., Ltd. ( (JP:6055) ) has provided an announcement.
Japan Material Co., Ltd. reported its consolidated financial results for the nine months ending December 31, 2024, showing a slight decrease in net sales by 2.2% to ¥35,352 million compared to the previous year. However, the company experienced a significant increase in operating profit, ordinary profit, and profit attributable to owners of the parent by 24.8%, 23.9%, and 25.7% respectively. This indicates a robust operational performance despite a drop in sales, positioning the company for a positive outlook for the fiscal year 2024 with expected net sales growth of 2.9% and a significant rise in profits.
More about Japan Material Co., Ltd.
Japan Material Co., Ltd. operates in Japan and is listed on the Tokyo and Nagoya Stock Exchanges under the stock code 6055.
YTD Price Performance: -1.29%
Average Trading Volume: 255,247
Technical Sentiment Consensus Rating: Buy
Current Market Cap: Yen172.1B
See more insights into 6055 stock on TipRanks’ Stock Analysis page.