Casio Computer Co ( (CSIOF) ) has released its Q3 earnings. Here is a breakdown of the information Casio Computer Co presented to its investors.
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Casio Computer Co., Ltd. is a renowned player in the electronics industry, known for its innovative and diverse range of products including watches, calculators, and musical instruments. The company holds a notable presence in the consumer electronics sector.
In the latest earnings report for the nine-month period ending December 31, 2024, Casio reported a dip in net sales and profits compared to the previous year. The company experienced a decrease in net sales to 195,773 million yen, a 2.7% decline, with operating profit and ordinary profit also showing reductions.
Key financial highlights reveal that Casio’s profit attributable to owners of the parent dropped significantly by 57.3%, and comprehensive income declined by 71.8%. The equity ratio also slightly decreased from 66.1% as of March 2024 to 64.0% as of December 2024. Despite the challenges, Casio maintained a steady dividend payout of 22.50 yen per share.
Looking ahead, Casio projects a continued cautious approach with a forecasted reduction in net sales and profits for the fiscal year ending March 2025. The company’s management remains focused on strategic adjustments and efficiency improvements to navigate the evolving market conditions.
