DAIKI Aluminium Expects Recovery After Q1 Profit Drop
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DAIKI Aluminium Expects Recovery After Q1 Profit Drop

Daiki Aluminium Industry Co., Ltd. (JP:5702) has released an update.

DAIKI Aluminium Industry Co., Ltd. reported a slight decrease in net sales and a significant drop in profitability in the first quarter of 2024 compared to the previous year, with net sales down 0.7% and profits attributable to owners down by 57.5%. The company’s equity ratio slightly decreased from 51.4% to 50.1%, indicating a minor change in financial position. Despite this, DAIKI projects an increase in sales and profits for the full year ending March 31, 2025.

For further insights into JP:5702 stock, check out TipRanks’ Stock Analysis page.

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