Mitachi Co., Ltd. (JP:3321) has released an update.
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Mitachi Co., Ltd. reported a downturn in financial performance for May 2024, with net sales, operating profit, and profit attributable to owners all seeing a reduction compared to May 2023. The company’s operating profit dropped by 36.1%, and profit attributable to owners fell by 27.8%. Despite these declines, the company’s capital adequacy ratio improved to 71.9%, reflecting a stronger balance sheet.
For further insights into JP:3321 stock, check out TipRanks’ Stock Analysis page.