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Car Mate Mfg. Co. Reports Decline in Quarterly Profits but Shows Comprehensive Income Growth

Story Highlights
  • Car Mate Mfg. Co., Ltd. operates in the automotive accessories industry in Japan.
  • The company reported a decrease in profits but saw a 16.8% growth in comprehensive income.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Car Mate Mfg. Co. Reports Decline in Quarterly Profits but Shows Comprehensive Income Growth

Car Mate Mfg. Co Ltd ( (JP:7297) ) has shared an update.

Car Mate Mfg. Co., Ltd. reported a decrease in its quarterly operating results for December 2024, with net sales down by 4.3% and operating profit declining by 7.8% compared to the previous year. Despite a decrease in profits, the company showed an improvement in comprehensive income by 16.8%, indicating potential areas of recovery and resilience amidst challenging market conditions.

More about Car Mate Mfg. Co Ltd

Car Mate Mfg. Co., Ltd. operates within the general business sector, primarily focusing on the manufacturing of automotive accessories. The company is listed on the Tokyo Standard stock exchange and maintains a robust market presence in Japan.

YTD Price Performance: 4.32%

Average Trading Volume: 1,728

Technical Sentiment Consensus Rating: Hold

Current Market Cap: Yen6.14B

For detailed information about 7297 stock, go to TipRanks’ Stock Analysis page.

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Questions or Comments about the article? Write to editor@tipranks.com
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