Arakawa Chemical Industries,Ltd. (JP:4968) has released an update.
Don't Miss Our Christmas Offers:
- Discover the latest stocks recommended by top Wall Street analysts, all in one place with Analyst Top Stocks
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Arakawa Chemical Industries, Ltd. reported a positive turnaround in their financial performance for the three months ending June 30, 2024, with net sales increasing by 11.3% to 19,261 million yen and profits attributable to owners of the parent surging to 1,799 million yen, a marked improvement from the previous year’s losses. The company’s equity ratio also saw a slight increase from 44.8% to 47.1%, indicating a stronger financial position. They have maintained their annual dividend forecast at 48.00 yen per share, with no changes from the prior announcement.
For further insights into JP:4968 stock, check out TipRanks’ Stock Analysis page.