tiprankstipranks
Company Announcements

Hirano Tecseed Reports Q3 Financial Results with Increased Sales but Lower Income

Story Highlights
Hirano Tecseed Reports Q3 Financial Results with Increased Sales but Lower Income

An update from Hirano Tecseed Co., Ltd. ( (JP:6245) ) is now available.

Hirano Tecseed reported its consolidated financial results for the third quarter ending December 31, 2024, revealing a 12.3% increase in net sales compared to the previous year. However, the company faced declines in operating, ordinary, and net income, reflecting a challenging economic environment. Despite this, Hirano Tecseed maintained a stable equity ratio and did not revise its dividend forecast, signaling confidence in its financial stability. The company’s forward outlook anticipates a slight decrease in net sales and income for the fiscal year ending March 31, 2025, highlighting the potential impact of market dynamics on future performance.

More about Hirano Tecseed Co., Ltd.

Hirano Tecseed Co., Ltd. is a company listed on the Tokyo Stock Exchange, operating in the manufacturing sector. The company specializes in producing machinery and equipment, focusing on providing advanced technological solutions for various industrial applications.

YTD Price Performance: -4.47%

Average Trading Volume: 47,699

Technical Sentiment Consensus Rating: Hold

Current Market Cap: Yen27.05B

See more insights into 6245 stock on TipRanks’ Stock Analysis page.

Questions or Comments about the article? Write to editor@tipranks.com
Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1